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

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

The MENA's market for bromides and bromide oxides, iodides and iodide oxides expanded markedly to $X in 2021, surging by 11% against the previous year. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +71.2% against 2015 indices. Over the period under review, the market attained the peak level in 2021 and is likely to see gradual growth in years to come.

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

In value terms, bromides, iodides and oxids thereof production amounted to $X in 2021 estimated in export price. The total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -8.6% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 37%. Over the period under review, production attained the peak level 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 in MENA

In 2021, overseas shipments of bromides and bromide oxides, iodides and iodide oxides decreased by -7.2% to X tons, falling for the second year in a row after four years of growth. In general, exports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2017 when exports increased by 82%. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, bromides, iodides and oxids thereof exports shrank to $X in 2021. Overall, exports, however, posted a notable expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 29% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The shipments of the two major exporters of bromides and bromide oxides, iodides and iodide oxides, namely Israel and Jordan, represented more than two-thirds of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Jordan (with a CAGR of +15.1%).

In value terms, Israel ($X) and Jordan ($X) were the countries with the highest levels of exports in 2021.

Jordan, with a CAGR of +18.7%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, declining by -3% against the previous year. In general, the export price saw a perceptible reduction. The growth pace was the most rapid in 2015 when the export price increased by 40%. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Israel ($X per ton), while Jordan stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+3.1%).

Imports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Imports in MENA

In 2021, purchases abroad of bromides and bromide oxides, iodides and iodide oxides decreased by -13.5% to X tons for the first time since 2018, thus ending a two-year rising trend. Total imports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 66%. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, bromides, iodides and oxids thereof imports dropped markedly to $X in 2021. Over the period under review, imports, however, saw a noticeable expansion. The most prominent rate of growth was recorded in 2019 with an increase of 69% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020, and then declined remarkably in the following year.

Imports by Country

The United Arab Emirates represented the largest importing country with an import of about X tons, which resulted at 55% of total imports. Saudi Arabia (X tons) ranks second in terms of the total imports with a 29% share, followed by Qatar (11%). Turkey (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Qatar (with a CAGR of +25.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bromides, iodides and oxids thereof importing markets in MENA were the United Arab Emirates ($X), Saudi Arabia ($X) and Qatar ($X), together comprising 89% of total imports.

Qatar, with a CAGR of +28.9%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per ton in 2021, dropping by -8.6% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 12%. Over the period under review, import prices reached the peak figure at $X per ton in 2020, and then fell in the following year.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform