Canada: Market for Iodine, Fluorine And Bromine 2024

Market Size for Iodine, Fluorine And Bromine in Canada

The Canadian iodine, fluorine and bromine market skyrocketed to $X in 2021, jumping by 32% 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). Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Exports of Iodine, Fluorine And Bromine

Exports from Canada

In 2021, approx. X tons of iodine, fluorine and bromine were exported from Canada; with an increase of 60% compared with 2020 figures. Over the period under review, exports, however, recorded a noticeable reduction. The pace of growth was the most pronounced in 2018 when exports increased by 114% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, iodine, fluorine and bromine exports declined to $X in 2021. In general, exports posted a moderate increase. The pace of growth was the most pronounced in 2013 when exports increased by 401%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for iodine, fluorine and bromine exports from Canada, with a 83% share of total exports. Moreover, iodine, fluorine and bromine exports to the United States exceeded the volume sent to the second major destination, Vietnam (X tons), more than tenfold. The third position in this ranking was held by Costa Rica (X tons), with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+4.4% per year) and Costa Rica (0.0% per year).

In value terms, the United States ($X) emerged as the key foreign market for iodine, fluorine and bromine exports from Canada, comprising 68% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 17% share of total exports. It was followed by Australia, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-2.0% per year) and Australia (+6.3% per year).

Export Prices by Country

The average iodine, fluorine and bromine export price stood at $X per ton in 2021, with a decrease of -43.7% against the previous year. Overall, the export price, however, posted a prominent expansion. The pace of growth was the most pronounced in 2013 an increase of 250%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Costa Rica ($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 New Zealand (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iodine, Fluorine And Bromine

Imports into Canada

For the fourth consecutive year, Canada recorded growth in overseas purchases of iodine, fluorine and bromine, which increased by 26% to X tons in 2021. Over the period under review, total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +98.9% against 2017 indices. The growth pace was the most rapid in 2019 when imports increased by 35% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, iodine, fluorine and bromine imports soared to $X in 2021. Overall, imports, however, saw a slight decrease. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of iodine, fluorine and bromine to Canada, with a 79% share of total imports. Moreover, iodine, fluorine and bromine imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), tenfold. The third position in this ranking was taken by Chile (X tons), with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.5% per year) and Chile (+0.4% per year).

In value terms, the largest iodine, fluorine and bromine suppliers to Canada were the United States ($X), Chile ($X) and Japan ($X), together comprising 95% of total imports. China lagged somewhat behind, comprising a further 5.1%.

China, with a CAGR of +5.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average iodine, fluorine and bromine import price amounted to $X per ton, surging by 9.4% against the previous year. In general, the import price, however, continues to indicate a noticeable setback. The growth pace was the most rapid in 2017 an increase of 27%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, 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 China (+2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :