Norway: Market for Iodine, Fluorine And Bromine 2024

Market Size for Iodine, Fluorine And Bromine in Norway

In 2021, the Norwegian iodine, fluorine and bromine market increased by 24% to $X, rising for the fourth consecutive year after four years of decline. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +10.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +73.3% against 2017 indices. Iodine, fluorine and bromine consumption peaked in 2021 and is expected to retain growth in the immediate term.

Exports of Iodine, Fluorine And Bromine

Exports from Norway

In 2021, approx. X kg of iodine, fluorine and bromine were exported from Norway; picking up by 9% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a significant decline. The growth pace was the most rapid in 2018 with an increase of 47%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, iodine, fluorine and bromine exports rose significantly to $X in 2021. In general, exports, however, saw a significant contraction. The pace of growth appeared the most rapid in 2020 with an increase of 24% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden (X kg) was the main destination for iodine, fluorine and bromine exports from Norway, accounting for a approx. 94% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Sweden totaled -21.4%.

In value terms, Sweden ($X) also remains the key foreign market for iodine, fluorine and bromine exports from Norway.

From 2012 to 2021, the average annual growth rate of value to Sweden totaled -21.5%.

Export Prices by Country

The average iodine, fluorine and bromine export price stood at $X per ton in 2021, picking up by 1.5% against the previous year. In general, the export price, however, continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2017 when the average export price increased by 34%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Denmark amounted to +30.4% per year.

Imports of Iodine, Fluorine And Bromine

Imports into Norway

In 2021, the amount of iodine, fluorine and bromine imported into Norway surged to X tons, picking up by 18% against 2020. Overall, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +9.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 30%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, iodine, fluorine and bromine imports surged to $X in 2021. Over the period under review, imports saw a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of 61%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Chile (X tons) constituted the largest supplier of iodine, fluorine and bromine to Norway, accounting for a 46% share of total imports. Moreover, iodine, fluorine and bromine imports from Chile exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. The third position in this ranking was taken by the Netherlands (X tons), with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Chile stood at +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+0.8% per year) and the Netherlands (-0.4% per year).

In value terms, Chile ($X) constituted the largest supplier of iodine, fluorine and bromine to Norway, comprising 47% of total imports. The second position in the ranking was taken by Japan ($X), with a 13% share of total imports. It was followed by the Netherlands, with a 1.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Chile stood at +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+2.4% per year) and the Netherlands (+0.9% per year).

Import Prices by Country

In 2021, the average iodine, fluorine and bromine import price amounted to $X per ton, with an increase of 6.4% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, iodine, fluorine and bromine import price increased by +65.8% against 2017 indices. The pace of growth appeared the most rapid in 2013 an increase of 39%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Chile ($X per ton) and Belgium ($X per ton), while the price for Japan ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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