Austria: Iodine Market 2024

Iodine Market Size in Austria

In 2022, after four years of decline, there was significant growth in the Austrian iodine market, when its value increased by 42% to $X. Over the period under review, consumption, however, continues to indicate a significant curtailment. Iodine consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Iodine Exports

Exports from Austria

In 2022, shipments abroad of iodine decreased by -20.6% to X kg, falling for the second year in a row after two years of growth. In general, exports faced a precipitous setback. The most prominent rate of growth was recorded in 2014 when exports increased by 68%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, iodine exports dropped markedly to $X in 2022. Overall, exports continue to indicate a dramatic slump. The pace of growth appeared the most rapid in 2014 with an increase of 119%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Bulgaria (X kg), Greece (X kg) and Switzerland (X kg) were the main destinations of iodine exports from Austria, together comprising 62% of total exports. Lithuania, Romania, Slovenia, Afghanistan, Cyprus, Bosnia and Herzegovina, Turkey and Azerbaijan lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +51.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iodine exported from Austria were Greece ($X), Switzerland ($X) and Bulgaria ($X), with a combined 45% share of total exports.

Among the main countries of destination, Switzerland, with a CAGR of +57.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average iodine export price stood at $X per ton in 2022, falling by -22.7% against the previous year. Over the period under review, the export price saw a pronounced contraction. The most prominent rate of growth was recorded in 2021 an increase of 32% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Cyprus ($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 Switzerland (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Iodine Imports

Imports into Austria

In 2022, overseas purchases of iodine were finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, imports, however, saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 65% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, iodine imports soared to $X in 2022. In general, imports, however, faced a significant decline. The most prominent rate of growth was recorded in 2014 with an increase of 37% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of iodine to Austria, with a 60% share of total imports. Moreover, iodine imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. Poland (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium totaled -15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.4% per year) and Poland (+49,950.0% per year).

In value terms, Belgium ($X) constituted the largest supplier of iodine to Austria, comprising 48% of total imports. The second position in the ranking was taken by Japan ($X), with a 19% share of total imports. It was followed by Germany, with a 17% share.

From 2012 to 2022, the average annual growth rate of value from Belgium totaled -24.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-28.4% per year) and Germany (+1.6% per year).

Import Prices by Country

In 2022, the average iodine import price amounted to $X per ton, reducing by -25% against the previous year. In general, the import price saw a abrupt descent. The pace of growth appeared the most rapid in 2021 when the average import price increased by 32% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+89.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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