Colombia: Market for Iodine, Fluorine And Bromine 2024

Market Size for Iodine, Fluorine And Bromine in Colombia

The Colombian iodine, fluorine and bromine market soared to $X in 2021, increasing by 48% 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). In general, consumption, however, recorded a noticeable reduction. Iodine, fluorine and bromine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Iodine, Fluorine And Bromine

Exports from Colombia

In 2021, the amount of iodine, fluorine and bromine exported from Colombia reduced markedly to X kg, waning by -23.6% against 2020. Overall, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2015 with an increase of 3,241% against the previous year. As a result, the exports attained the peak of X kg. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, iodine, fluorine and bromine exports dropped to $X in 2021. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 4,596%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ecuador (X kg) was the main destination for iodine, fluorine and bromine exports from Colombia, accounting for a 86% share of total exports. Moreover, iodine, fluorine and bromine exports to Ecuador exceeded the volume sent to the second major destination, Guyana (X kg), more than tenfold. Peru (X kg) ranked third in terms of total exports with a 4.3% share.

From 2012 to 2021, the average annual growth rate of volume to Ecuador amounted to +44.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guyana (-2.2% per year) and Peru (+21.9% per year).

In value terms, the largest markets for iodine, fluorine and bromine exported from Colombia were Ecuador ($X), Guyana ($X) and Venezuela ($X), together comprising 86% of total exports.

Among the main countries of destination, Guyana, with a CAGR of +133.5%, saw the highest growth rate of the value of exports, 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 iodine, fluorine and bromine export price amounted to $X per ton, increasing by 18% against the previous year. Over the period under review, the export price, however, recorded a slight contraction. The growth pace was the most rapid in 2018 when the average export price increased by 163%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Ecuador ($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 Guatemala (+146.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iodine, Fluorine And Bromine

Imports into Colombia

In 2021, the amount of iodine, fluorine and bromine imported into Colombia surged to X tons, growing by 45% on the previous year's figure. Over the period under review, imports, however, continue to indicate a noticeable downturn. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, iodine, fluorine and bromine imports surged to $X in 2021. Overall, imports, however, saw a noticeable shrinkage. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Chile (X tons) constituted the largest iodine, fluorine and bromine supplier to Colombia, with a 63% share of total imports. Moreover, iodine, fluorine and bromine imports from Chile exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold. The third position in this ranking was taken by India (X kg), with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Chile stood at -6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+15.4% per year) and India (-5.9% per year).

In value terms, Chile ($X) constituted the largest supplier of iodine, fluorine and bromine to Colombia, comprising 64% of total imports. The second position in the ranking was held by Brazil ($X), with a 27% share of total imports. It was followed by India, with a 3.5% share.

From 2012 to 2021, the average annual growth rate of value from Chile amounted to -5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+7.9% per year) and India (-10.8% per year).

Import Prices by Country

The average iodine, fluorine and bromine import price stood at $X per ton in 2021, rising by 2.2% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 29% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Belgium ($X per ton) and Chile ($X per ton), while the price for the United States ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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