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

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

The Chilean market for bromides and bromide oxides, iodides and iodide oxides reduced remarkably to $X in 2021, waning by -28.5% against the previous year. Over the period under review, consumption showed a slight contraction. As a result, consumption attained the peak level of $X, and then fell markedly in the following year.

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

In value terms, bromides, iodides and oxids thereof production reduced to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 41%. As a result, production attained the peak level of $X, and then reduced in the following year.

Exports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Exports from Chile

In 2021, approx. X tons of bromides and bromide oxides, iodides and iodide oxides were exported from Chile; increasing by 22% compared with the year before. Overall, total exports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +19.6% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 50%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, bromides, iodides and oxids thereof exports skyrocketed to $X in 2021. Over the period under review, exports saw a mild increase. The growth pace was the most rapid in 2018 when exports increased by 73%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

Exports by Country

China (X tons) was the main destination for bromides, iodides and oxids thereof exports from Chile, with a 57% share of total exports. Moreover, bromides, iodides and oxids thereof exports to China exceeded the volume sent to the second major destination, the Netherlands (X tons), fourfold. The third position in this ranking was held by the United States (X tons), with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled +14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+59.7% per year) and the United States (+36.8% per year).

In value terms, China ($X) remains the key foreign market for bromides and bromide oxides, iodides and iodide oxides exports from Chile, comprising 58% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 15% share of total exports. It was followed by the United States, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to +12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+49.2% per year) and the United States (+49.4% per year).

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 an increase of 2.2% against the previous year. In general, the export price, however, continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 22%. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, the countries with the highest prices were Colombia ($X per ton) and Brazil ($X per ton), while the average price for exports to the United States ($X per ton) and the Netherlands ($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 the United States (+9.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Imports into Chile

In 2021, overseas purchases of bromides and bromide oxides, iodides and iodide oxides decreased by -6.4% to X tons, falling for the second consecutive year after four years of growth. Overall, imports recorded a abrupt descent. The pace of growth was the most pronounced in 2016 with an increase of 81% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, bromides, iodides and oxids thereof imports fell slightly to $X in 2021. Over the period under review, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2019 with an increase of 24% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X tons), Israel (X tons) and Brazil (X tons) were the main suppliers of bromides, iodides and oxids thereof imports to Chile, with a combined 78% share of total imports. Germany, France, Australia and Spain lagged somewhat behind, together comprising a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +2,675.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bromides, iodides and oxids thereof suppliers to Chile were the United States ($X), Germany ($X) and France ($X), with a combined 63% share of total imports. These countries were followed by Australia, Israel, Brazil and Spain, which together accounted for a further 28%.

Among the main suppliers, Spain, with a CAGR of +2,974.4%, 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 more modest paces of growth.

Import Prices by Country

The average import price for bromides and bromide oxides, iodides and iodide oxides stood at $X per ton in 2021, surging by 2.6% against the previous year. Over the period under review, the import price posted notable growth. The pace of growth was the most pronounced in 2020 when the average import price increased by 171% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Australia ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+30.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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