CIS: Market for Iodine, Fluorine And Bromine 2024

Market Size for Iodine, Fluorine And Bromine in CIS

The CIS iodine, fluorine and bromine market declined to $X in 2021, with a decrease of -7.6% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Iodine, Fluorine And Bromine in CIS

In value terms, iodine, fluorine and bromine production dropped modestly to $X in 2021 estimated in export price. Overall, production recorded a drastic downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by 37%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Iodine, Fluorine And Bromine

Exports in CIS

In 2021, approx. X tons of iodine, fluorine and bromine were exported in the CIS; increasing by 13% against the year before. Over the period under review, exports, however, recorded a mild decline. The growth pace was the most rapid in 2013 with an increase of 16% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, iodine, fluorine and bromine exports rose rapidly to $X in 2021. In general, exports, however, showed a perceptible decline. The growth pace was the most rapid in 2019 when exports increased by 29%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Azerbaijan was the largest exporter of iodine, fluorine and bromine in the CIS, with the volume of exports accounting for X tons, which was approx. 79% of total exports in 2021. Russia (X tons) took a 14% share (based on physical terms) of total exports, which put it in second place, followed by Belarus (6.7%).

Exports from Azerbaijan decreased at an average annual rate of -2.3% from 2012 to 2021. At the same time, Belarus (+38.7%) and Russia (+4.9%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +38.7% from 2012-2021. While the share of Belarus (+6.4 p.p.) and Russia (+5.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Azerbaijan (-9.3 p.p.) displayed negative dynamics.

In value terms, Azerbaijan ($X) remains the largest iodine, fluorine and bromine supplier in the CIS, comprising 88% of total exports. The second position in the ranking was taken by Russia ($X), with a 7.6% share of total exports.

In Azerbaijan, iodine, fluorine and bromine exports decreased by an average annual rate of -3.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Russia (-3.8% per year) and Belarus (+57.4% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, dropping by -3.1% against the previous year. Over the period under review, the export price recorded a noticeable reduction. The pace of growth appeared the most rapid in 2018 an increase of 35% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Azerbaijan ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+13.4%), while the other leaders experienced a decline in the export price figures.

Imports of Iodine, Fluorine And Bromine

Imports in CIS

Iodine, fluorine and bromine imports reduced to X tons in 2021, shrinking by -9.8% against the previous year. Total imports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.2% 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 -17.6% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 85% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, iodine, fluorine and bromine imports reduced slightly to $X in 2021. In general, imports, however, continue to indicate a notable increase. The growth pace was the most rapid in 2018 with an increase of 137%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Russia was the major importing country with an import of about X tons, which finished at 85% of total imports. It was distantly followed by Belarus (X tons), achieving a 12% share of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of iodine, fluorine and bromine. At the same time, Belarus (+32.7%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the CIS, with a CAGR of +32.7% from 2012-2021. Belarus (+11 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -11.4% from 2012 to 2021, respectively.

In value terms, Russia ($X) constitutes the largest market for imported iodine, fluorine and bromine in the CIS, comprising 92% of total imports. The second position in the ranking was taken by Belarus ($X), with a 4.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Russia totaled +3.9%.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, with an increase of 10% against the previous year. Import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, iodine, fluorine and bromine import price decreased by -9.0% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the import price increased by 35% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per ton), while Belarus totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+4.1%).

Source: IndexBox Platform

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