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

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

In 2021, the Finnish market for bromides and bromide oxides, iodides and iodide oxides decreased by -0.1% to $X, falling for the fifth year in a row after two years of growth. Overall, consumption recorded a abrupt slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

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

In value terms, bromides, iodides and oxids thereof production amounted to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 221% against the previous year. Bromides, iodides and oxids thereof production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Exports from Finland

Bromides, iodides and oxids thereof exports from Finland dropped sharply to X tons in 2021, waning by -28.5% compared with the previous year's figure. Over the period under review, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2015 when exports increased by 160% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, bromides, iodides and oxids thereof exports contracted significantly to $X in 2021. In general, exports saw a noticeable contraction. The most prominent rate of growth was recorded in 2015 with an increase of 201%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

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

From 2012 to 2021, the average annual growth rate of volume to Russia was relatively modest.

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

From 2012 to 2021, the average annual rate of growth in terms of value to Russia stood at +1.6%.

Export Prices by Country

The average export price for bromides and bromide oxides, iodides and iodide oxides stood at $X per ton in 2021, picking up by 13% against the previous year. Overall, the export price showed pronounced growth. The pace of growth was the most pronounced in 2013 an increase of 58% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Sweden amounted to +24.7% per year.

Imports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Imports into Finland

In 2021, purchases abroad of bromides and bromide oxides, iodides and iodide oxides decreased by -31.8% to X tons, falling for the sixth year in a row after four years of growth. In general, imports saw a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of 40%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, bromides, iodides and oxids thereof imports declined to $X in 2021. Overall, imports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2013 with an increase of 22% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Belgium (X tons) constituted the largest bromides, iodides and oxids thereof supplier to Finland, with a 89% share of total imports. Moreover, bromides, iodides and oxids thereof imports from Belgium exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium amounted to -8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+8.2% per year) and the Netherlands (-35.5% per year).

In value terms, Belgium ($X), India ($X) and the Netherlands ($X) appeared to be the largest bromides, iodides and oxids thereof suppliers to Finland, with a combined 80% share of total imports.

India, with a CAGR of +0.2%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for bromides and bromide oxides, iodides and iodide oxides stood at $X per ton in 2021, jumping by 38% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bromides, iodides and oxids thereof import price increased by +129.3% against 2015 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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