Belgium: Market for Iodine, Fluorine And Bromine 2024

Market Size for Iodine, Fluorine And Bromine in Belgium

After three years of growth, the Belgian iodine, fluorine and bromine market decreased by -10.2% to $X in 2021. Over the period under review, consumption showed a deep contraction. Iodine, fluorine and bromine consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Iodine, Fluorine And Bromine in Belgium

In value terms, iodine, fluorine and bromine production amounted to less than $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt contraction. The most prominent rate of growth was recorded in 2019 when the production volume decreased by 99.9%. 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 Belgium

In 2021, overseas shipments of iodine, fluorine and bromine increased by 5.2% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, saw a noticeable downturn. The pace of growth was the most pronounced in 2020 with an increase of 147%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, iodine, fluorine and bromine exports surged to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 35%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), France (X tons) and Norway (X tons) were the main destinations of iodine, fluorine and bromine exports from Belgium, with a combined 86% share of total exports. These countries were followed by Italy, Finland, Singapore, the UK, Germany and India, which together accounted for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +97.2%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), France ($X) and Italy ($X) appeared to be the largest markets for iodine, fluorine and bromine exported from Belgium worldwide, with a combined 72% share of total exports. The Netherlands, Germany, the UK, Finland, Singapore and India lagged somewhat behind, together comprising a further 23%.

Singapore, with a CAGR of +39.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average iodine, fluorine and bromine export price stood at $X per ton in 2021, growing by 10% against the previous year. Over the period under review, export price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, iodine, fluorine and bromine export price decreased by -40.1% against 2019 indices. The growth pace was the most rapid in 2015 when the average export price increased by 37%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iodine, Fluorine And Bromine

Imports into Belgium

In 2021, the amount of iodine, fluorine and bromine imported into Belgium shrank to X tons, declining by -10.7% on the year before. Over the period under review, imports showed a noticeable descent. The most prominent rate of growth was recorded in 2020 when imports increased by 146% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, iodine, fluorine and bromine imports declined significantly to $X in 2021. Overall, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2016 with an increase of 59% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Israel (X tons) constituted the largest iodine, fluorine and bromine supplier to Belgium, accounting for a 67% share of total imports. Moreover, iodine, fluorine and bromine imports from Israel exceeded the figures recorded by the second-largest supplier, Chile (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Israel amounted to -5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (-1.7% per year) and Jordan (+1.6% per year).

In value terms, Chile ($X) constituted the largest supplier of iodine, fluorine and bromine to Belgium, comprising 77% of total imports. The second position in the ranking was taken by Israel ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Chile totaled -6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (-4.5% per year) and Jordan (+5.5% 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 -9.4% against the previous year. In general, the import price recorded a mild curtailment. The most prominent rate of growth was recorded in 2018 an increase of 57%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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