Brazil: Iodine Market 2025

Iodine Market Size in Brazil

The Brazilian iodine market skyrocketed to $X in 2022, surging by 33% 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 showed a slight descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Iodine Exports

Exports from Brazil

In 2022, the amount of iodine exported from Brazil surged to X tons, growing by 34% on the year before. Overall, total exports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.3% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 39%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, iodine exports skyrocketed to $X in 2022. In general, exports continue to indicate moderate growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons) was the main destination for iodine exports from Brazil, accounting for a 84% share of total exports. Moreover, iodine exports to Belgium exceeded the volume sent to the second major destination, South Korea (X tons), ninefold. Colombia (X tons) ranked third in terms of total exports with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium totaled +12.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+10.1% per year) and Colombia (+7.8% per year).

In value terms, Belgium ($X) remains the key foreign market for iodine exports from Brazil, comprising 83% of total exports. The second position in the ranking was held by South Korea ($X), with a 9.8% share of total exports. It was followed by Colombia, with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium stood at +11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+8.6% per year) and Colombia (+6.9% per year).

Export Prices by Country

The average iodine export price stood at $X per ton in 2022, increasing by 60% against the previous year. In general, the export price, however, saw a slight reduction. 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.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Colombia ($X per ton) and South Korea ($X per ton), while the average price for exports to Egypt ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+0.3%), while the prices for the other major destinations experienced a decline.

Iodine Imports

Imports into Brazil

Iodine imports into Brazil contracted modestly to X tons in 2022, with a decrease of -2.4% compared with 2021 figures. In general, imports saw a mild shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, iodine imports surged to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Chile (X tons) was the main supplier of iodine to Brazil, accounting for a 91% share of total imports. Moreover, iodine imports from Chile exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Chile amounted to -2.1%.

In value terms, Chile ($X) constituted the largest supplier of iodine to Brazil, comprising 95% of total imports. The second position in the ranking was held by the United States ($X), with a 3.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Chile was relatively modest.

Import Prices by Country

The average iodine import price stood at $X per ton in 2022, jumping by 69% against the previous year. Overall, the import price continues to indicate a modest expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+1.4%).

Source: IndexBox Platform

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