Hong Kong SAR, China: Market for Iodine, Fluorine And Bromine 2024

Market Size for Iodine, Fluorine And Bromine in Hong Kong SAR, China

In 2021, the Hong Kong iodine, fluorine and bromine market increased by 12% to $X, rising for the fourth consecutive year after two years of decline. Overall, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +29.8% against 2017 indices. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Iodine, Fluorine And Bromine in Hong Kong SAR, China

In value terms, iodine, fluorine and bromine production surged to $X in 2021 estimated in export price. In general, production enjoyed a strong increase. The pace of growth was the most pronounced in 2019 with an increase of 55% against the previous year. Iodine, fluorine and bromine production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Iodine, Fluorine And Bromine

Exports from Hong Kong SAR, China

Iodine, fluorine and bromine exports from Hong Kong SAR skyrocketed to X tons in 2021, picking up by 2,065% against the year before. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2018 with an increase of 2,460% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, iodine, fluorine and bromine exports soared to $X in 2021. In general, exports posted a significant expansion. The growth pace was the most rapid in 2018 with an increase of 2,703% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Vietnam (X tons) was the main destination for iodine, fluorine and bromine exports from Hong Kong SAR, with a 50% share of total exports. It was followed by China (X kg), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Vietnam stood at +393.1%.

In value terms, Vietnam ($X) emerged as the key foreign market for iodine, fluorine and bromine exports from Hong Kong SAR, comprising 31% of total exports. The second position in the ranking was held by China ($X), with a 0.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Vietnam stood at +1,527.7%.

Export Prices by Country

The average iodine, fluorine and bromine export price stood at $X per ton in 2021, rising by 19% against the previous year. Over the period under review, the export price, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2013 an increase of 84%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Vietnam amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+227.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iodine, Fluorine And Bromine

Imports into Hong Kong SAR, China

In 2021, overseas purchases of iodine, fluorine and bromine increased by 100% to X kg, rising for the second consecutive year after four years of decline. Overall, imports, however, faced a significant decrease. The most prominent rate of growth was recorded in 2013 when imports increased by 1,115%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, iodine, fluorine and bromine imports skyrocketed to $X in 2021. Over the period under review, imports, however, faced a precipitous contraction. The pace of growth was the most pronounced in 2013 with an increase of 1,844%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the United States (X kg) was the main iodine, fluorine and bromine supplier to Hong Kong SAR, accounting for a approx. 95% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to -28.7%.

In value terms, the United States ($X) constituted the largest supplier of iodine, fluorine and bromine to Hong Kong SAR, comprising 96% of total imports. The second position in the ranking was held by Belgium ($X), with a 0.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to -12.5%.

Import Prices by Country

In 2021, the average iodine, fluorine and bromine import price amounted to $X per ton, reducing by -37.6% against the previous year. Over the period under review, the import price, however, enjoyed a prominent increase. The growth pace was the most rapid in 2016 when the average import price increased by 1,060% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+59.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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