Report Update Nov 1, 2024

Australia - Iodine - Market Analysis, Forecast, Size, Trends and Insights

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Australia: Iodine Market 2024

Iodine Market Size in Australia

The Australian iodine market surged to $X in 2022, rising by 80% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate prominent growth. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Iodine Exports

Exports from Australia

In 2022, overseas shipments of iodine increased by 22% to X tons, rising for the second consecutive year after three years of decline. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 366% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, iodine exports skyrocketed to $X in 2022. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 204%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

New Zealand (X tons) was the main destination for iodine exports from Australia, with a 97% share of total exports. It was followed by the Philippines (X kg), with a 2.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand totaled +76.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+9.3% per year) and Papua New Guinea (-27.7% per year).

In value terms, New Zealand ($X) remains the key foreign market for iodine exports from Australia, comprising 97% of total exports. The second position in the ranking was held by the Philippines ($X), with a 2.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand totaled +85.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+11.5% per year) and Papua New Guinea (-25.4% per year).

Export Prices by Country

The average iodine export price stood at $X per ton in 2022, increasing by 43% against the previous year. In general, the export price recorded strong growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 135%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Papua New Guinea ($X per ton), while the average price for exports to New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+28.9%), while the prices for the other major destinations experienced more modest paces of growth.

Iodine Imports

Imports into Australia

In 2022, approx. X tons of iodine were imported into Australia; increasing by 38% on the previous year's figure. Overall, imports recorded prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by 159%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, iodine imports soared to $X in 2022. Over the period under review, imports saw a remarkable increase. The growth pace was the most rapid in 2014 with an increase of 115% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Chile (X tons) constituted the largest iodine supplier to Australia, with a 86% share of total imports. Moreover, iodine imports from Chile exceeded the figures recorded by the second-largest supplier, the United States (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume from Chile amounted to +27.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+77.7% per year) and India (-6.0% per year).

In value terms, Chile ($X) constituted the largest supplier of iodine to Australia, comprising 84% of total imports. The second position in the ranking was taken by India ($X), with a 7.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Chile stood at +23.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+4.8% per year) and the United States (+69.3% per year).

Import Prices by Country

The average iodine import price stood at $X per ton in 2022, growing by 36% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 46% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iodine in the world?

The countries with the highest volumes of in 2021 were China, Japan and Norway, with a combined 41% share of global consumption. These countries were followed by Chile, the United States, India, Italy, Germany, France, Brazil, the Netherlands and the UK, which together accounted for a further 49%.

What are the largest producers of iodine in the world?

Chile remains the largest iodine producing country worldwide, comprising approx. 59% of total volume. Moreover, iodine production in Chile exceeded the figures recorded by the second-largest producer, Japan, twofold. The third position in this ranking was occupied by Belgium, with a 4.5% share.

What are the leading suppliers of iodine to Australia?

In value terms, Chile constituted the largest supplier of iodine to Australia, comprising 94% of total imports. The second position in the ranking was occupied by India, with a 3.1% share of total imports.

What are the leading importers of iodine from Australia?

In value terms, New Zealand remains the key foreign market for iodine exports from Australia, comprising 93% of total exports. The second position in the ranking was occupied by Fiji, with a 3.4% share of total exports.

What is the average export price for iodine in Australia?

The average iodine export price stood at $29,838 per ton in 2021, declining by -20.9% against the previous year.

What is the average import price for iodine in Australia?

In 2021, the average iodine import price amounted to $34,333 per ton, rising by 24% against the previous year.

This report provides an in-depth analysis of the iodine market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Australia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Australia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023