Netherlands: Iodine Market 2024

Iodine Market Size in the Netherlands

The Dutch iodine market plummeted to $X in 2022, which is down by -58.3% against the previous year. In general, consumption recorded a abrupt descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Iodine Production in the Netherlands

In value terms, iodine production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a perceptible descent. The pace of growth appeared the most rapid in 2020 when the production volume increased by 14% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Iodine Exports

Exports from the Netherlands

In 2022, overseas shipments of iodine increased by 50% to X tons, rising for the second consecutive year after two years of decline. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 310%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, iodine exports surged to $X in 2022. In general, exports saw significant growth. The growth pace was the most rapid in 2013 when exports increased by 306% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Italy (X tons), Germany (X tons) and Norway (X tons) were the main destinations of iodine exports from the Netherlands, with a combined 67% share of total exports. Spain, the UK, France and Poland lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +151.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iodine exported from the Netherlands were Italy ($X), Germany ($X) and the UK ($X), with a combined 70% share of total exports. Norway, Spain, France and Poland lagged somewhat behind, together comprising a further 27%.

Among the main countries of destination, Poland, with a CAGR of +135.4%, saw the highest rates of growth with regard to 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 export price stood at $X per ton in 2022, growing by 21% against the previous year. Over the period under review, the export price, however, showed a mild descent. The growth pace was the most rapid in 2018 an increase of 21%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, 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 ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Iodine Imports

Imports into the Netherlands

In 2022, purchases abroad of iodine decreased by -99.2% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports showed a dramatic contraction. The growth pace was the most rapid in 2020 with an increase of 44,979% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, iodine imports dropped notably to $X in 2022. In general, imports faced a precipitous contraction. The growth pace was the most rapid in 2020 with an increase of 45,931% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The UK (X tons), Ireland (X tons) and France (X kg) were the main suppliers of iodine imports to the Netherlands, together comprising 76% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +195.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of iodine to the Netherlands, comprising 59% of total imports. The second position in the ranking was taken by Ireland ($X), with a 17% share of total imports. It was followed by France, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value from the UK stood at +28.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+168.7% per year) and France (-24.0% per year).

Import Prices by Country

The average iodine import price stood at $X per ton in 2022, with an increase of 23% against the previous year. Overall, the import price, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2019 an increase of 38% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+14.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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