Middle East: Market for Iodine, Fluorine And Bromine 2024

Market Size for Iodine, Fluorine And Bromine in the Middle East

In 2021, the Middle Eastern iodine, fluorine and bromine market decreased by -24.6% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption, however, saw buoyant growth. Over the period under review, the market hit record highs at $X in 2020, and then contracted rapidly in the following year.

Production of Iodine, Fluorine And Bromine in the Middle East

In value terms, iodine, fluorine and bromine production reduced to $X in 2021 estimated in export price. The total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +56.1% against 2012 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 26% against the previous year. As a result, production attained the peak level of $X, and then fell in the following year.

Exports of Iodine, Fluorine And Bromine

Exports in the Middle East

In 2021, overseas shipments of iodine, fluorine and bromine were finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2017 when exports increased by 37% against the previous year. As a result, the exports attained the peak of X tons. From 2018 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. Overall, exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of 51%. Over the period under review, the exports attained the peak figure at $X in 2020, and then dropped in the following year.

Exports by Country

Israel prevails in exports structure, reaching X tons, which was near 92% of total exports in 2021. It was distantly followed by Jordan (X tons), making up a 6.6% share of total exports.

Israel was also the fastest-growing in terms of the iodine, fluorine and bromine exports, with a CAGR of +1.0% from 2012 to 2021. Jordan (-20.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Israel increased by +29 percentage points.

In value terms, Israel ($X) remains the largest iodine, fluorine and bromine supplier in the Middle East, comprising 77% of total exports. The second position in the ranking was held by Jordan ($X), with a 14% share of total exports.

In Israel, iodine, fluorine and bromine exports expanded at an average annual rate of +8.0% over the period from 2012-2021.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, with a decrease of -22.9% against the previous year. Overall, the export price, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2020 an increase of 49% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced remarkably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Jordan ($X per ton), while Israel totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+20.1%).

Imports of Iodine, Fluorine And Bromine

Imports in the Middle East

Iodine, fluorine and bromine imports contracted significantly to X tons in 2021, waning by -21.4% against the previous year. Overall, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2017 with an increase of 314% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then dropped markedly in the following year.

In value terms, iodine, fluorine and bromine imports shrank markedly to $X in 2021. Over the period under review, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2019 when imports increased by 76% against the previous year. The level of import peaked at $X in 2020, and then dropped dramatically in the following year.

Imports by Country

Saudi Arabia prevails in imports structure, resulting at X tons, which was near 87% of total imports in 2021. It was distantly followed by Iran (X tons), constituting a 9.1% share of total imports. The United Arab Emirates (X tons) held a little share of total imports.

Saudi Arabia was also the fastest-growing in terms of the iodine, fluorine and bromine imports, with a CAGR of +65.3% from 2012 to 2021. At the same time, Iran (+39.6%) displayed positive paces of growth. By contrast, the United Arab Emirates (-5.2%) illustrated a downward trend over the same period. While the share of Saudi Arabia (+79 p.p.) and Iran (+5.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the United Arab Emirates (-30.3 p.p.) displayed negative dynamics.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported iodine, fluorine and bromine in the Middle East, comprising 62% of total imports. The second position in the ranking was taken by Iran ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Saudi Arabia totaled +30.9%. In the other countries, the average annual rates were as follows: Iran (+12.7% per year) and the United Arab Emirates (-9.6% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, falling by -37.2% against the previous year. Over the period under review, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2019 when the import price increased by 80%. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($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 United Arab Emirates (-4.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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