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

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

The Canadian market for bromides and bromide oxides, iodides and iodide oxides contracted slightly to $X in 2021, reducing by -4.6% against the previous year. Overall, consumption, however, showed a slight expansion. Bromides, iodides and oxids thereof consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, bromides, iodides and oxids thereof production contracted sharply to $X in 2021 estimated in export price. Over the period under review, production saw a slight setback. The growth pace was the most rapid in 2017 with an increase of 1,814%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Exports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Exports from Canada

In 2021, shipments abroad of bromides and bromide oxides, iodides and iodide oxides decreased by -27.1% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 81% against the previous year. As a result, the exports reached the peak of X tons, and then contracted remarkably in the following year.

In value terms, bromides, iodides and oxids thereof exports reduced sharply to $X in 2021. Over the period under review, exports saw a pronounced contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 77% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for bromides, iodides and oxids thereof exports from Canada, accounting for a 84% share of total exports. Moreover, bromides, iodides and oxids thereof exports to the United States exceeded the volume sent to the second major destination, the Czech Republic (X tons), more than tenfold. The third position in this ranking was held by the Netherlands (X tons), with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-6.1% per year) and the Netherlands (+7.9% per year).

In value terms, the United States ($X) remains the key foreign market for bromides and bromide oxides, iodides and iodide oxides exports from Canada, comprising 82% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 6.2% share of total exports. It was followed by the Netherlands, with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to -2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-8.6% per year) and the Netherlands (+2.1% per year).

Export Prices by Country

In 2021, the average export price for bromides and bromide oxides, iodides and iodide oxides amounted to $X per ton, growing by 5.5% against the previous year. Overall, the export price, however, continues to indicate a pronounced setback. The growth pace was the most rapid in 2015 an increase of 13% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2021, the highest price was recorded for prices to Australia ($X per ton) and the UK ($X per ton), while the average price for exports to the Netherlands ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (-2.3%), while the prices for the other major destinations experienced a decline.

Imports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Imports into Canada

In 2021, purchases abroad of bromides and bromide oxides, iodides and iodide oxides decreased by -9.8% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2014 when imports increased by 79%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, bromides, iodides and oxids thereof imports totaled $X in 2021. In general, total imports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -30.3% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 55%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X tons), Israel (X tons) and China (X tons) were the main suppliers of bromides, iodides and oxids thereof imports to Canada, together comprising 97% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +7.0%), while imports for the other leaders experienced a decline.

In value terms, the United States ($X), Israel ($X) and China ($X) appeared to be the largest bromides, iodides and oxids thereof suppliers to Canada, with a combined 91% share of total imports.

In terms of the main suppliers, China, with a CAGR of +8.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for bromides and bromide oxides, iodides and iodide oxides stood at $X per ton in 2021, picking up by 21% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bromides, iodides and oxids thereof import price increased by +32.2% against 2019 indices. The pace of growth appeared the most rapid in 2015 an increase of 70% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Israel ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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