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

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

The Italian market for bromides and bromide oxides, iodides and iodide oxides soared to $X in 2021, growing by 19% against the previous year. Over the period under review, the total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.6% against 2019 indices. Bromides, iodides and oxids thereof consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, bromides, iodides and oxids thereof production surged to $X in 2021 estimated in export price. Over the period under review, production saw a significant increase. The growth pace was the most rapid in 2016 when the production volume increased by 901%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Exports from Italy

In 2021, the amount of bromides and bromide oxides, iodides and iodide oxides exported from Italy expanded remarkably to X tons, with an increase of 8.8% compared with 2020. Over the period under review, exports recorded a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 96%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, bromides, iodides and oxids thereof exports soared to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 56% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Turkey (X tons), Germany (X tons) and Hungary (X tons) were the main destinations of bromides, iodides and oxids thereof exports from Italy, together comprising 55% of total exports. Romania, France, Greece, China, Kazakhstan, Spain, Slovenia, Luxembourg and Belgium lagged somewhat behind, together comprising a further 38%.

From 2012 to 2021, the biggest increases were recorded for Luxembourg (with a CAGR of +357.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bromides, iodides and oxids thereof exported from Italy were Germany ($X), China ($X) and Spain ($X), with a combined 45% share of total exports. Turkey, Belgium, France, Romania, Hungary, Greece, Kazakhstan, Slovenia and Luxembourg lagged somewhat behind, together accounting for a further 44%.

Luxembourg, with a CAGR of +321.8%, 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, jumping by 16% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2018 when the average export price increased by 38% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per ton), while the average price for exports to Turkey ($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 China (+19.0%), 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 Italy

In 2021, bromides, iodides and oxids thereof imports into Italy shrank sharply to X tons, with a decrease of -21.7% against 2020. In general, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 29% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, bromides, iodides and oxids thereof imports expanded notably to $X in 2021. Over the period under review, imports recorded a perceptible decrease. The pace of growth appeared the most rapid in 2013 with an increase of 27%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of bromides, iodides and oxids thereof to Italy, accounting for a 69% share of total imports. Moreover, bromides, iodides and oxids thereof imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Belgium (X tons), sevenfold. The third position in this ranking was held by Germany (X tons), with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands totaled -8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-2.3% per year) and Germany (+15.1% per year).

In value terms, the Netherlands ($X), France ($X) and Belgium ($X) constituted the largest bromides, iodides and oxids thereof suppliers to Italy, with a combined 62% share of total imports. These countries were followed by Brazil, the UK, Germany, the United States and Israel, which together accounted for a further 34%.

In terms of the main suppliers, the UK, with a CAGR of +18.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for bromides and bromide oxides, iodides and iodide oxides amounted to $X per ton, jumping by 37% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for the Netherlands ($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 UK (+23.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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