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

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

The Iranian market for bromides and bromide oxides, iodides and iodide oxides contracted sharply to $X in 2021, with a decrease of -56.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a abrupt shrinkage. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Exports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Exports from Iran

In 2021, the amount of bromides and bromide oxides, iodides and iodide oxides exported from Iran skyrocketed to X tons, picking up by 26% on the previous year. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 287%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, bromides, iodides and oxids thereof exports skyrocketed to $X in 2021. Overall, exports, however, showed a perceptible shrinkage. The growth pace was the most rapid in 2018 when exports increased by 284%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

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

From 2012 to 2021, the average annual growth rate of volume to Argentina stood at +34.3%.

In value terms, Argentina ($X) emerged as the key foreign market for bromides and bromide oxides, iodides and iodide oxides exports from Iran.

From 2012 to 2021, the average annual rate of growth in terms of value to Argentina stood at +30.9%.

Export Prices by Country

The average export price for bromides and bromide oxides, iodides and iodide oxides stood at $X per ton in 2021, dropping by -1.8% against the previous year. In general, the export price saw a deep reduction. The growth pace was the most rapid in 2019 when the average export price increased by 281% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Argentina amounted to -2.5% per year.

Imports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Imports into Iran

In 2021, imports of bromides and bromide oxides, iodides and iodide oxides into Iran contracted notably to X tons, declining by -35.6% on the previous year. Over the period under review, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 58% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, bromides, iodides and oxids thereof imports reduced rapidly to $X in 2021. In general, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 94%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Japan (X tons) constituted the largest bromides, iodides and oxids thereof supplier to Iran, accounting for a 82% share of total imports. Moreover, bromides, iodides and oxids thereof imports from Japan exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), sevenfold. South Korea (X tons) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan stood at -4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-7.7% per year) and South Korea (-26.1% per year).

In value terms, Japan ($X) constituted the largest supplier of bromides and bromide oxides, iodides and iodide oxides to Iran, comprising 81% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 9.9% share of total imports. It was followed by South Korea, with a 3% share.

From 2012 to 2021, the average annual growth rate of value from Japan stood at -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-8.7% per year) and South Korea (-27.5% 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 -37.9% against the previous year. In general, the import price showed a noticeable setback. The pace of growth appeared the most rapid in 2019 an increase of 71% against the previous year. The import price peaked at $X per ton in 2020, and then contracted remarkably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+13.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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