EU: Market for Iodine, Fluorine And Bromine 2024

Market Size for Iodine, Fluorine And Bromine in the EU

The EU iodine, fluorine and bromine market fell to $X in 2021, declining by -6.2% against the previous year. In general, consumption showed a noticeable contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Iodine, Fluorine And Bromine in the EU

In value terms, iodine, fluorine and bromine production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a slight setback. The pace of growth was the most pronounced in 2013 when the production volume increased by 88% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Iodine, Fluorine And Bromine

Exports in the EU

In 2021, shipments abroad of iodine, fluorine and bromine increased by 6.8% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, recorded a mild curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 114%. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, iodine, fluorine and bromine exports soared to $X in 2021. Total exports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.6% 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 +65.7% against 2016 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 32% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belgium dominates exports structure, finishing at X tons, which was approx. 91% of total exports in 2021. It was distantly followed by the Netherlands (X tons), generating a 7.7% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to iodine, fluorine and bromine exports from Belgium stood at -2.0%. At the same time, the Netherlands (+26.8%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +26.8% from 2012-2021. While the share of the Netherlands (+6.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Belgium (-4.8 p.p.) displayed negative dynamics.

In value terms, Belgium ($X) remains the largest iodine, fluorine and bromine supplier in the European Union, comprising 80% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Belgium was relatively modest.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, growing by 8.6% against the previous year. Export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, iodine, fluorine and bromine export price decreased by -35.1% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 34% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+2.2%).

Imports of Iodine, Fluorine And Bromine

Imports in the EU

Iodine, fluorine and bromine imports declined to X tons in 2021, with a decrease of -7.4% against the year before. Over the period under review, imports showed a perceptible setback. The growth pace was the most rapid in 2020 when imports increased by 62%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, iodine, fluorine and bromine imports contracted to $X in 2021. In general, imports continue to indicate a pronounced slump. The pace of growth was the most pronounced in 2020 when imports increased by 39% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Belgium represented the major importing country with an import of around X tons, which finished at 59% of total imports. France (X tons) ranks second in terms of the total imports with a 21% share, followed by Italy (5.4%), Germany (4.9%) and Spain (4.9%). The Netherlands (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to iodine, fluorine and bromine imports into Belgium stood at -4.1%. At the same time, Spain (+7.3%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the European Union, with a CAGR of +7.3% from 2012-2021. The Netherlands experienced a relatively flat trend pattern. By contrast, Italy (-2.4%), Germany (-3.6%) and France (-3.8%) illustrated a downward trend over the same period. While the share of Spain (+3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Belgium (-3.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) constitutes the largest market for imported iodine, fluorine and bromine in the European Union, comprising 41% of total imports. The second position in the ranking was taken by France ($X), with a 16% share of total imports. It was followed by Italy, with a 16% share.

In Belgium, iodine, fluorine and bromine imports plunged by an average annual rate of -5.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: France (-2.9% per year) and Italy (-3.3% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, which is down by -1.6% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the import price increased by 27% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium ($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 (+1.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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