Northern America: Iodine Market 2024

Iodine Market Size in Northern America

The North American iodine market skyrocketed to $X in 2022, increasing by 45% against the previous year. Over the period under review, consumption, however, showed a pronounced reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Iodine Production in Northern America

In value terms, iodine production rose to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 22%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Iodine Exports

Exports in Northern America

After five years of growth, shipments abroad of iodine decreased by -25.7% to X tons in 2022. In general, exports showed a perceptible descent. The pace of growth appeared the most rapid in 2021 with an increase of 14% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, iodine exports amounted to $X in 2022. Total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +122.1% against 2017 indices. The pace of growth was the most pronounced in 2019 when exports increased by 29%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

The United States prevails in exports structure, resulting at X tons, which was near 97% of total exports in 2022. Canada (X tons) followed a long way behind the leaders.

Exports from the United States decreased at an average annual rate of -2.5% from 2012 to 2022. At the same time, Canada (+17.9%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +17.9% from 2012-2022. From 2012 to 2022, the share of Canada increased by +2.3 percentage points.

In value terms, the United States ($X) remains the largest iodine supplier in Northern America, comprising 98% of total exports. The second position in the ranking was held by Canada ($X), with a 1.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +2.5%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, jumping by 36% against the previous year. Export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iodine export price increased by +105.1% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.1%).

Iodine Imports

Imports in Northern America

In 2022, the amount of iodine imported in Northern America expanded modestly to X tons, growing by 3.9% on 2021. Overall, imports, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2018 with an increase of 15% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, iodine imports surged to $X in 2022. In general, imports, however, saw a noticeable contraction. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The United States represented the major importing country with an import of about X tons, which reached 82% of total imports. It was distantly followed by Canada (X tons), creating an 18% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to iodine imports into the United States stood at -3.3%. At the same time, Canada (+6.6%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +6.6% from 2012-2022. Canada (+10 p.p.) significantly strengthened its position in terms of the total imports, while the United States saw its share reduced by -10.2% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported iodine in Northern America, comprising 92% of total imports. The second position in the ranking was taken by Canada ($X), with an 8.4% share of total imports.

In the United States, iodine imports plunged by an average annual rate of -2.6% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, growing by 36% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, 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 States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.7%).

Source: IndexBox Platform

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