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

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

In 2021, after two years of growth, there was significant decline in the Norwegian market for bromides and bromide oxides, iodides and iodide oxides, when its value decreased by -20.2% to $X. Overall, consumption, however, enjoyed a strong expansion. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Exports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Exports from Norway

Bromides, iodides and oxids thereof exports from Norway surged to X tons in 2021, increasing by 41% on the previous year. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 135%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, bromides, iodides and oxids thereof exports soared to $X in 2021. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 83%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the near future.

Exports by Country

Denmark (X tons) was the main destination for bromides, iodides and oxids thereof exports from Norway, accounting for a 67% share of total exports. Moreover, bromides, iodides and oxids thereof exports to Denmark exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Denmark amounted to +23.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+459.3% per year) and the UK (-0.3% per year).

In value terms, the United Arab Emirates ($X), Denmark ($X) and the UK ($X) constituted the largest markets for bromides, iodides and oxids thereof exported from Norway worldwide, with a combined 99% share of total exports.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +237.2%, saw the highest growth rate of 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 export price for bromides and bromide oxides, iodides and iodide oxides stood at $X per ton in 2021, rising by 8.2% against the previous year. Overall, the export price, however, recorded a slight slump. The pace of growth appeared the most rapid in 2016 when the average export price increased by 113%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+12.4%), while the prices for the other major destinations experienced a decline.

Imports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Imports into Norway

After two years of growth, overseas purchases of bromides and bromide oxides, iodides and iodide oxides decreased by -19.9% to X tons in 2021. Over the period under review, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2013 when imports increased by 135% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, bromides, iodides and oxids thereof imports contracted to $X in 2021. In general, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 135% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Israel (X tons), the Netherlands (X tons) and the United States (X tons) were the main suppliers of bromides, iodides and oxids thereof imports to Norway, together comprising 34% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +14.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), the Netherlands ($X) and Belgium ($X) appeared to be the largest bromides, iodides and oxids thereof suppliers to Norway, with a combined 34% share of total imports. These countries were followed by the United States, the UK, Jordan and Angola, which together accounted for a further 9%.

Among the main suppliers, the United States, with a CAGR of +13.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for bromides and bromide oxides, iodides and iodide oxides amounted to $X per ton, rising by 11% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 15% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Israel ($X per ton), while the price for Angola ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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