Iran: Market for Iodine, Fluorine And Bromine 2024

Market Size for Iodine, Fluorine And Bromine in Iran

In 2021, the Iranian iodine, fluorine and bromine market decreased by -96.3% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption showed a significant decrease. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Iodine, Fluorine And Bromine in Iran

In value terms, iodine, fluorine and bromine production contracted to $X in 2021 estimated in export price. In general, production continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2019 when the production volume increased by 19% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Iodine, Fluorine And Bromine

Exports from Iran

In 2021, overseas shipments of iodine, fluorine and bromine increased by 151% to X tons, rising for the second consecutive year after two years of decline. In general, exports showed a significant increase. The growth pace was the most rapid in 2015 with an increase of 444% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, iodine, fluorine and bromine exports soared to $X in 2021. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 326%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Italy (X tons), the United Arab Emirates (X tons) and India (X tons) were the main destinations of iodine, fluorine and bromine exports from Iran, with a combined 63% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +68.6%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) emerged as the key foreign market for iodine, fluorine and bromine exports from Iran, comprising 41% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 10% share of total exports. It was followed by China, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy stood at +67.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (0.0% per year) and China (+14.1% per year).

Export Prices by Country

In 2021, the average iodine, fluorine and bromine export price amounted to $X per ton, waning by -24.6% against the previous year. In general, the export price saw a abrupt shrinkage. The growth pace was the most rapid in 2019 when the average export price increased by 42%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the United Arab Emirates ($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 Italy (-0.5%), while the prices for the other major destinations experienced a decline.

Imports of Iodine, Fluorine And Bromine

Imports into Iran

In 2021, purchases abroad of iodine, fluorine and bromine increased by 70% to X tons, rising for the third year in a row after two years of decline. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 378%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, iodine, fluorine and bromine imports surged to $X in 2021. Overall, imports saw a buoyant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 167% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest iodine, fluorine and bromine supplier to Iran, accounting for a 88% share of total imports. Moreover, iodine, fluorine and bromine imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, India (X tons), ninefold. The third position in this ranking was held by Turkmenistan (X tons), with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +85.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+37.9% per year) and Turkmenistan (-6.4% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of iodine, fluorine and bromine to Iran, comprising 75% of total imports. The second position in the ranking was held by India ($X), with a 21% share of total imports. It was followed by Turkmenistan, with a 1.7% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates amounted to +46.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+14.4% per year) and Turkmenistan (-22.5% per year).

Import Prices by Country

The average iodine, fluorine and bromine import price stood at $X per ton in 2021, waning by -24% against the previous year. Over the period under review, the import price faced a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when the average import price increased by 22% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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