MERCOSUR: Market for Iodine, Fluorine And Bromine 2024

Market Size for Iodine, Fluorine And Bromine in MERCOSUR

The MERCOSUR iodine, fluorine and bromine market skyrocketed to $X in 2021, rising by 52% against the previous year. In general, consumption, however, recorded a slight decrease. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Iodine, Fluorine And Bromine in MERCOSUR

In value terms, iodine, fluorine and bromine production fell to $X in 2021 estimated in export price. Overall, production recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 16% 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 in MERCOSUR

In 2021, overseas shipments of iodine, fluorine and bromine decreased by -8.1% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 8.3%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, iodine, fluorine and bromine exports fell to $X in 2021. Overall, exports saw a pronounced decline. The growth pace was the most rapid in 2018 with an increase of 26% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Chile (X tons), together resulting at 99% of total export.

Chile experienced a relatively flat trend pattern with regard to volume of exports of iodine, fluorine and bromine. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) also remains the largest iodine, fluorine and bromine supplier in MERCOSUR.

In Chile, iodine, fluorine and bromine exports shrank by an average annual rate of -4.3% over the period from 2012-2021.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, approximately reflecting the previous year. Over the period under review, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 when the export price increased by 24%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Chile.

From 2012 to 2021, the rate of growth in terms of prices for Chile amounted to -5.0% per year.

Imports of Iodine, Fluorine And Bromine

Imports in MERCOSUR

In 2021, the amount of iodine, fluorine and bromine imported in MERCOSUR surged to X tons, increasing by 37% against 2020 figures. In general, imports, however, recorded a mild curtailment. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, iodine, fluorine and bromine imports skyrocketed to $X in 2021. Overall, imports, however, showed a abrupt descent. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Brazil dominates imports structure, reaching X tons, which was near 91% of total imports in 2021. It was distantly followed by Argentina (X tons), achieving a 5.4% share of total imports. Colombia (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to iodine, fluorine and bromine imports into Brazil stood at -1.2%. At the same time, Argentina (+2.3%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +2.3% from 2012-2021. By contrast, Colombia (-3.1%) illustrated a downward trend over the same period. While the share of Argentina (+1.5 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported iodine, fluorine and bromine in MERCOSUR, comprising 91% of total imports. The second position in the ranking was taken by Argentina ($X), with a 5.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil amounted to -5.8%. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (+0.1% per year) and Colombia (-3.7% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per ton, growing by 2.3% against the previous year. Over the period under review, the import price, however, saw a pronounced reduction. The pace of growth appeared the most rapid in 2020 when the import price increased by 22% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Colombia ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (-0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform