Brazil: Market for Bromides And Bromide Oxides, Iodides And Iodide Oxides 2024

Market Size for Bromides And Bromide Oxides, Iodides And Iodide Oxides in Brazil

In 2021, the Brazilian market for bromides and bromide oxides, iodides and iodide oxides decreased by -5.9% to $X, falling for the second year in a row after two years of growth. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Production of Bromides And Bromide Oxides, Iodides And Iodide Oxides in Brazil

In value terms, bromides, iodides and oxids thereof production expanded markedly to $X in 2021 estimated in export price. Overall, production, however, saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 35%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Exports from Brazil

Bromides, iodides and oxids thereof exports from Brazil surged to X tons in 2021, increasing by 22% compared with the year before. Overall, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 when exports increased by 24%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, bromides, iodides and oxids thereof exports soared to $X in 2021. Over the period under review, exports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of 28%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Argentina (X tons), China (X tons) and Belgium (X tons) were the main destinations of bromides, iodides and oxids thereof exports from Brazil, with a combined 51% share of total exports. The United States, South Africa, Italy, Germany and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (with a CAGR of +35.4%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the United States ($X) and China ($X) constituted the largest markets for bromides, iodides and oxids thereof exported from Brazil worldwide, with a combined 56% share of total exports. These countries were followed by Italy, Germany, Argentina, Taiwan (Chinese) and South Africa, which together accounted for a further 32%.

Among the main countries of destination, Argentina, with a CAGR of +11.8%, saw 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 export price for bromides and bromide oxides, iodides and iodide oxides stood at $X per ton in 2021, with a decrease of -4.5% against the previous year. Over the period under review, the export price recorded a pronounced contraction. The pace of growth was the most pronounced in 2020 when the average export price increased by 38%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per ton), while the average price for exports to Argentina ($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 Italy (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Imports into Brazil

In 2021, the amount of bromides and bromide oxides, iodides and iodide oxides imported into Brazil dropped rapidly to X tons, waning by -70.4% against the previous year. Overall, imports showed a noticeable reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 220%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, bromides, iodides and oxids thereof imports declined markedly to $X in 2021. Over the period under review, imports saw a noticeable decrease. The most prominent rate of growth was recorded in 2018 with an increase of 66% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Israel (X tons) constituted the largest supplier of bromides, iodides and oxids thereof to Brazil, accounting for a 51% share of total imports. Moreover, bromides, iodides and oxids thereof imports from Israel exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a 19% share.

From 2012 to 2021, the average annual growth rate of volume from Israel stood at -4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.7% per year) and the United States (+16.3% per year).

In value terms, Germany ($X) constituted the largest supplier of bromides and bromide oxides, iodides and iodide oxides to Brazil, comprising 54% of total imports. The second position in the ranking was held by Israel ($X), with a 21% share of total imports. It was followed by Chile, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (-4.8% per year) and Chile (-5.8% per year).

Import Prices by Country

The average import price for bromides and bromide oxides, iodides and iodide oxides stood at $X per ton in 2021, rising by 146% against the previous year. Overall, the import price showed a notable expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Chile ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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