Italy: Market for Iodine, Fluorine And Bromine 2024

Market Size for Iodine, Fluorine And Bromine in Italy

The Italian iodine, fluorine and bromine market contracted to $X in 2021, which is down by -14% 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 saw a noticeable downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Iodine, Fluorine And Bromine

Exports from Italy

In 2021, overseas shipments of iodine, fluorine and bromine increased by 12% to X tons, rising for the second consecutive year after two years of decline. In general, exports enjoyed resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of 376% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, iodine, fluorine and bromine exports shrank to $X in 2021. Over the period under review, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 271%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for iodine, fluorine and bromine exports from Italy, with a 60% share of total exports. Moreover, iodine, fluorine and bromine exports to Spain exceeded the volume sent to the second major destination, Algeria (X tons), threefold. The third position in this ranking was held by Poland (X tons), with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume to Spain stood at +42.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (+618.1% per year) and Poland (-3.1% per year).

In value terms, Spain ($X) remains the key foreign market for iodine, fluorine and bromine exports from Italy, comprising 72% of total exports. The second position in the ranking was taken by Poland ($X), with a 13% share of total exports. It was followed by China, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain stood at +32.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-9.5% per year) and China (-46.7% per year).

Export Prices by Country

The average iodine, fluorine and bromine export price stood at $X per ton in 2021, dropping by -15.9% against the previous year. Overall, the export price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 9.3% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Algeria ($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 (+17.1%), while the prices for the other major destinations experienced a decline.

Imports of Iodine, Fluorine And Bromine

Imports into Italy

In 2021, approx. X tons of iodine, fluorine and bromine were imported into Italy; with a decrease of -12.2% on the previous year's figure. In general, imports saw a pronounced reduction. The growth pace was the most rapid in 2015 with an increase of 32% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, iodine, fluorine and bromine imports fell to $X in 2021. Overall, imports saw a perceptible contraction. The most prominent rate of growth was recorded in 2020 with an increase of 38%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Belgium (X tons), Japan (X tons) and the Netherlands (X tons) were the main suppliers of iodine, fluorine and bromine imports to Italy, together comprising 66% of total imports. These countries were followed by Chile, Iran, Israel and the UK, which together accounted for a further 34%.

From 2012 to 2021, the biggest increases were recorded for Iran (with a CAGR of +93.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iodine, fluorine and bromine suppliers to Italy were Belgium ($X), Japan ($X) and Chile ($X), together accounting for 70% of total imports. These countries were followed by the Netherlands, Iran, Israel and the UK, which together accounted for a further 29%.

Iran, with a CAGR of +89.8%, recorded 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

In 2021, the average iodine, fluorine and bromine import price amounted to $X per ton, falling by -1.8% against the previous year. Overall, the import price showed a mild shrinkage. The pace of growth was the most pronounced in 2020 an increase of 32% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 ($X per ton), while the price for Israel ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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