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

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

The Indian market for bromides and bromide oxides, iodides and iodide oxides was estimated at $X in 2021, with an increase of 7.8% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 10% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

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

In value terms, bromides, iodides and oxids thereof production expanded sharply to $X in 2021 estimated in export price. In general, the total production indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.6% against 2019 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by 17% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Exports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Exports from India

In 2021, shipments abroad of bromides and bromide oxides, iodides and iodide oxides decreased by -2.2% to X tons, falling for the second consecutive year after six years of growth. In general, exports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2019 with an increase of 64% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, bromides, iodides and oxids thereof exports expanded modestly to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 39% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons), the United Arab Emirates (X tons) and Qatar (X tons) were the main destinations of bromides, iodides and oxids thereof exports from India, together accounting for 82% of total exports. These countries were followed by the United States, Brunei Darussalam, Thailand, China, Germany, Malaysia and Indonesia, which together accounted for a further 9%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brunei Darussalam (with a CAGR of +271.6%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Germany ($X) were the largest markets for bromides, iodides and oxids thereof exported from India worldwide, together accounting for 50% of total exports. These countries were followed by China, the United States, Thailand, Qatar, Indonesia, Brunei Darussalam and Malaysia, which together accounted for a further 21%.

Brunei Darussalam, with a CAGR of +156.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

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 4.1% against the previous year. In general, the export price, however, continues to indicate a abrupt decrease. The growth pace was the most rapid in 2020 when the average export price increased by 23%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to the United Arab Emirates ($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 Indonesia (+22.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Imports into India

In 2021, bromides, iodides and oxids thereof imports into India fell remarkably to X tons, with a decrease of -24.1% on the year before. Overall, imports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2013 when imports increased by 28%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, bromides, iodides and oxids thereof imports shrank notably to $X in 2021. In general, imports continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2018 with an increase of 53% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Spain (X tons), the Netherlands (X tons) and Belgium (X tons) were the main suppliers of bromides, iodides and oxids thereof imports to India, together accounting for 51% of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +101.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Japan ($X) and the Netherlands ($X) appeared to be the largest bromides, iodides and oxids thereof suppliers to India, with a combined 69% share of total imports.

Belgium, with a CAGR of +89.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for bromides and bromide oxides, iodides and iodide oxides stood at $X per ton in 2021, picking up by 3.4% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 78%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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