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

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

The Peruvian market for bromides and bromide oxides, iodides and iodide oxides skyrocketed to $X in 2021, growing by 25% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a slight setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Exports from Peru

In 2021, the amount of bromides and bromide oxides, iodides and iodide oxides exported from Peru amounted to X kg, almost unchanged from 2020. In general, exports showed a sharp descent. The growth pace was the most rapid in 2013 when exports increased by 34,989%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, bromides, iodides and oxids thereof exports shrank rapidly to $X in 2021. Overall, exports faced a sharp contraction. The pace of growth was the most pronounced in 2013 when exports increased by 11,090%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

From 2012 to 2021, the average annual rate of growth in terms of volume to No country was relatively modest.

In value terms, Ecuador ($X) remains the key foreign market for bromides and bromide oxides, iodides and iodide oxides exports from Peru, comprising 4.8% of total exports. The second position in the ranking was taken by Bolivia ($X), with a 1.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Ecuador stood at -40.8%.

Export Prices by Country

The average export price for bromides and bromide oxides, iodides and iodide oxides stood at $X per ton in 2021, reducing by -15.3% against the previous year. In general, the export price, however, continues to indicate a measured expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by 426% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Ecuador ($X per ton), while the average price for exports to Bolivia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+1.6%).

Imports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Imports into Peru

In 2021, approx. X tons of bromides and bromide oxides, iodides and iodide oxides were imported into Peru; picking up by 9.2% on the previous year's figure. Over the period under review, total imports indicated a modest increase from 2012 to 2021: its volume increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -9.4% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 26% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, bromides, iodides and oxids thereof imports surged to $X in 2021. In general, imports, however, showed a noticeable curtailment. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), India (X tons) and Australia (X tons) were the main suppliers of bromides, iodides and oxids thereof imports to Peru, with a combined 59% share of total imports. Chile, Brazil, Switzerland, Germany, South Africa, the United States, Colombia and Italy lagged somewhat behind, together comprising a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +43.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bromides, iodides and oxids thereof suppliers to Peru were Chile ($X), Germany ($X) and India ($X), together comprising 52% of total imports. Australia, China, Brazil, the United States, South Africa, Italy, Switzerland and Colombia lagged somewhat behind, together comprising a further 29%.

Among the main suppliers, Switzerland, with a CAGR of +44.1%, recorded the highest growth rate of 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

The average import price for bromides and bromide oxides, iodides and iodide oxides stood at $X per ton in 2021, increasing by 25% against the previous year. In general, the import price, however, continues to indicate a perceptible decrease. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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