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

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

The Chinese market for bromides and bromide oxides, iodides and iodide oxides skyrocketed to $X in 2021, increasing by 21% against the previous year. Over the period under review, consumption enjoyed a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

In value terms, bromides, iodides and oxids thereof production expanded significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the production volume increased by 25% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Exports from China

In 2021, approx. X tons of bromides and bromide oxides, iodides and iodide oxides were exported from China; waning by -36.2% against the year before. Over the period under review, exports recorded a deep setback. The growth pace was the most rapid in 2014 with an increase of 47% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, bromides, iodides and oxids thereof exports dropped markedly to $X in 2021. Overall, exports saw a abrupt curtailment. The growth pace was the most rapid in 2017 with an increase of 58% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Qatar (X tons), Malaysia (X tons) and South Korea (X tons) were the main destinations of bromides, iodides and oxids thereof exports from China, with a combined 51% share of total exports. These countries were followed by Saudi Arabia, Guyana, the United States, the United Arab Emirates, Japan, Australia, Indonesia, Canada, Belgium and Georgia, which together accounted for a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +38.1%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Qatar ($X) and the United States ($X) were the largest markets for bromides, iodides and oxids thereof exported from China worldwide, together accounting for 33% of total exports. These countries were followed by Malaysia, Saudi Arabia, Japan, Indonesia, Guyana, Canada, Belgium, the United Arab Emirates, Australia and Georgia, which together accounted for a further 40%.

Japan, with a CAGR of +33.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for bromides and bromide oxides, iodides and iodide oxides amounted to $X per ton, with an increase of 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 39%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Japan ($X per ton), while the average price for exports to Guyana ($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 Indonesia (+7.4%), 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 China

Bromides, iodides and oxids thereof imports into China surged to X tons in 2021, with an increase of 15% against 2020 figures. Overall, imports saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 80% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, bromides, iodides and oxids thereof imports skyrocketed to $X in 2021. In general, imports posted a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 42% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Djibouti (X tons) constituted the largest supplier of bromides, iodides and oxids thereof to China, accounting for a 76% share of total imports. Moreover, bromides, iodides and oxids thereof imports from Djibouti exceeded the figures recorded by the second-largest supplier, Russia (X tons), more than tenfold. Lao People's Democratic Republic (X tons) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume from Djibouti amounted to +84.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+366.2% per year) and Lao People's Democratic Republic (+61.1% per year).

In value terms, Djibouti ($X) constituted the largest supplier of bromides and bromide oxides, iodides and iodide oxides to China, comprising 39% of total imports. The second position in the ranking was held by Chile ($X), with an 18% share of total imports. It was followed by Japan, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Djibouti amounted to +65.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+12.8% per year) and Japan (+15.0% 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 16% against the previous year. Overall, the import price, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2018 when the average import price increased by 29%. Over the period under review, average import prices reached 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, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+35.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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