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

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

The Egyptian market for bromides and bromide oxides, iodides and iodide oxides declined significantly to $X in 2021, shrinking by -19.8% against the previous year. Overall, the total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then fell remarkably in the following year.

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

In value terms, bromides, iodides and oxids thereof production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 110% against the previous year. Bromides, iodides and oxids thereof production peaked at $X in 2020, and then contracted in the following year.

Exports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Exports from Egypt

In 2021, shipments abroad of bromides and bromide oxides, iodides and iodide oxides increased by 167% to X kg for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, recorded a dramatic setback. The growth pace was the most rapid in 2017 when exports increased by 355% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, bromides, iodides and oxids thereof exports amounted to $X in 2021. Overall, exports, however, showed a sharp reduction. The pace of growth appeared the most rapid in 2017 when exports increased by 613%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sudan (X kg) was the main destination for bromides, iodides and oxids thereof exports from Egypt, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Sudan stood at -29.8%.

In value terms, Sudan ($X) also remains the key foreign market for bromides and bromide oxides, iodides and iodide oxides exports from Egypt.

From 2012 to 2021, the average annual rate of growth in terms of value to Sudan stood at +1.0%.

Export Prices by Country

In 2021, the average export price for bromides and bromide oxides, iodides and iodide oxides amounted to $X per ton, shrinking by -59.5% against the previous year. Overall, the export price, however, recorded a significant increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 1,269%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then shrank remarkably in the following year.

As there is only one major export destination, the average price level is determined by prices for Sudan.

From 2012 to 2021, the rate of growth in terms of prices for Sudan amounted to +43.9% per year.

Imports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Imports into Egypt

In 2021, overseas purchases of bromides and bromide oxides, iodides and iodide oxides decreased by -46.2% to X tons, falling for the fourth year in a row after three years of growth. In general, imports continue to indicate a significant decline. The growth pace was the most rapid in 2015 when imports increased by 85%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, bromides, iodides and oxids thereof imports contracted remarkably to $X in 2021. Over the period under review, imports showed a dramatic decline. The most prominent rate of growth was recorded in 2017 with an increase of 153% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Israel (X tons) constituted the largest bromides, iodides and oxids thereof supplier to Egypt, accounting for a 50% share of total imports. Moreover, bromides, iodides and oxids thereof imports from Israel exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by China (X tons), with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Israel amounted to -16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-33.9% per year) and China (-39.9% per year).

In value terms, Israel ($X) constituted the largest supplier of bromides and bromide oxides, iodides and iodide oxides to Egypt, comprising 56% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by the United States, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value from Israel totaled -14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-28.2% per year) and the United States (-40.5% per year).

Import Prices by Country

In 2021, the average import price for bromides and bromide oxides, iodides and iodide oxides amounted to $X per ton, shrinking by -10.5% against the previous year. Overall, the import price, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2020 an increase of 72% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+41.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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