Azerbaijan: Market for Iodine, Fluorine And Bromine 2024

Market Size for Iodine, Fluorine And Bromine in Azerbaijan

The Azerbaijani iodine, fluorine and bromine market declined to $X in 2021, waning by -6.9% against the previous year. Overall, consumption, however, showed a remarkable increase. Iodine, fluorine and bromine consumption peaked at $X in 2020, and then shrank in the following year.

Production of Iodine, Fluorine And Bromine in Azerbaijan

In value terms, iodine, fluorine and bromine production contracted to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 17%. Iodine, fluorine and bromine production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Iodine, Fluorine And Bromine

Exports from Azerbaijan

In 2021, exports of iodine, fluorine and bromine from Azerbaijan reached X tons, with an increase of 4% compared with the previous year's figure. In general, exports, however, continue to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2013 with an increase of 29%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, iodine, fluorine and bromine exports rose to $X in 2021. Over the period under review, exports, however, continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2013 with an increase of 35%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for iodine, fluorine and bromine exports from Azerbaijan, with a 81% share of total exports. Moreover, iodine, fluorine and bromine exports to India exceeded the volume sent to the second major destination, Russia (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume to India totaled +12.5%.

In value terms, India ($X) remains the key foreign market for iodine, fluorine and bromine exports from Azerbaijan, comprising 76% of total exports. The second position in the ranking was taken by Russia ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual growth rate of value to India totaled +11.0%.

Export Prices by Country

In 2021, the average iodine, fluorine and bromine export price amounted to $X per ton, flattening at the previous year. In general, the export price continues to indicate a mild slump. The most prominent rate of growth was recorded in 2018 an increase of 36%. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to India totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+1.6%), while the prices for the other major destinations experienced a decline.

Imports of Iodine, Fluorine And Bromine

Imports into Azerbaijan

In 2021, after three years of decline, there was significant growth in supplies from abroad of iodine, fluorine and bromine, when their volume increased by 400% to X kg. Overall, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 when imports increased by 1,700%. Imports peaked at X kg in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, iodine, fluorine and bromine imports dropped modestly to $X in 2021. Over the period under review, imports enjoyed strong growth. The growth pace was the most rapid in 2016 when imports increased by 770%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X kg) was the main supplier of iodine, fluorine and bromine to Azerbaijan, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates was relatively modest.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of iodine, fluorine and bromine to Azerbaijan, comprising 98% of total imports. The second position in the ranking was held by Germany ($X), with a 0.9% share of total imports. It was followed by the United States, with a 0.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-41.1% per year) and the United States (-32.5% per year).

Import Prices by Country

In 2021, the average iodine, fluorine and bromine import price amounted to $X per ton, with a decrease of -80.9% against the previous year. In general, the import price, however, recorded strong growth. The growth pace was the most rapid in 2020 an increase of 717%. As a result, import price reached the peak level of $X per ton, and then reduced remarkably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+101.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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