Japan: Market for Iodine, Fluorine And Bromine 2024

Market Size for Iodine, Fluorine And Bromine in Japan

In 2021, the Japanese iodine, fluorine and bromine market increased by 91% to $X, rising for the second year in a row after five years of decline. Over the period under review, consumption, however, faced a abrupt shrinkage. Iodine, fluorine and bromine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Iodine, Fluorine And Bromine in Japan

In value terms, iodine, fluorine and bromine production contracted modestly to $X in 2021 estimated in export price. In general, production, however, saw a perceptible reduction. The growth pace was the most rapid in 2013 with an increase of 10%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Iodine, Fluorine And Bromine

Exports from Japan

In 2021, overseas shipments of iodine, fluorine and bromine decreased by -9.1% to X tons, falling for the second consecutive year after five years of growth. Overall, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 28%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, iodine, fluorine and bromine exports totaled $X in 2021. The total export value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of 14% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

China (X tons) was the main destination for iodine, fluorine and bromine exports from Japan, accounting for a 32% share of total exports. Moreover, iodine, fluorine and bromine exports to China exceeded the volume sent to the second major destination, Norway (X tons), twofold. India (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled +31.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+3.7% per year) and India (+12.5% per year).

In value terms, the largest markets for iodine, fluorine and bromine exported from Japan were China ($X), Norway ($X) and India ($X), with a combined 50% share of total exports. Italy, Germany, the United States, the UK, France and Singapore lagged somewhat behind, together comprising a further 32%.

Among the main countries of destination, Singapore, with a CAGR of +92.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average iodine, fluorine and bromine export price stood at $X per ton in 2021, picking up by 19% against the previous year. In general, the export price, however, showed a pronounced setback. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Singapore ($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 Norway (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iodine, Fluorine And Bromine

Imports into Japan

In 2021, overseas purchases of iodine, fluorine and bromine increased by 14% to X tons, rising for the second year in a row after six years of decline. Overall, imports, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2020 with an increase of 28% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, iodine, fluorine and bromine imports fell sharply to $X in 2021. In general, imports, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2020 when imports increased by 97%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Israel (X tons) constituted the largest supplier of iodine, fluorine and bromine to Japan, with a 86% share of total imports. Moreover, iodine, fluorine and bromine imports from Israel exceeded the figures recorded by the second-largest supplier, Chile (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Israel stood at -5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (-13.1% per year) and Jordan (-9.3% per year).

In value terms, the largest iodine, fluorine and bromine suppliers to Japan were Israel ($X), Chile ($X) and Jordan ($X), together accounting for 93% of total imports.

In terms of the main suppliers, Jordan, with a CAGR of -0.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average iodine, fluorine and bromine import price stood at $X per ton in 2021, dropping by -28.8% against the previous year. Over the period under review, the import price showed a deep downturn. The pace of growth appeared the most rapid in 2020 when the average import price increased by 53%. The import price peaked 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 Chile ($X per ton), while the price for Jordan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+10.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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