Portugal: Market for Iodine, Fluorine And Bromine 2024

Market Size for Iodine, Fluorine And Bromine in Portugal

The Portuguese iodine, fluorine and bromine market surged to $X in 2021, with an increase of 53% against the previous year. In general, consumption, however, showed a perceptible decline. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Iodine, Fluorine And Bromine in Portugal

In value terms, iodine, fluorine and bromine production rose modestly to $X in 2021 estimated in export price. In general, production recorded a slight downturn. The most prominent rate of growth was recorded in 2016 with an increase of 22%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Exports of Iodine, Fluorine And Bromine

Exports from Portugal

In 2021, exports of iodine, fluorine and bromine from Portugal fell sharply to X kg, reducing by -94.4% on 2020 figures. Over the period under review, exports, however, showed a notable increase. The pace of growth was the most pronounced in 2014 with an increase of 3,646%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, iodine, fluorine and bromine exports fell remarkably to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 2,154% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020, and then contracted significantly in the following year.

Exports by Country

Mozambique (X kg) was the main destination for iodine, fluorine and bromine exports from Portugal, accounting for a 76% share of total exports. Moreover, iodine, fluorine and bromine exports to Mozambique exceeded the volume sent to the second major destination, Angola (X kg), eightfold. The third position in this ranking was taken by Cabo Verde (X kg), with a 7% share.

From 2012 to 2021, the average annual growth rate of volume to Mozambique amounted to +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-4.7% per year) and Cabo Verde (+33.0% per year).

In value terms, Mozambique ($X) emerged as the key foreign market for iodine, fluorine and bromine exports from Portugal, comprising 61% of total exports. The second position in the ranking was taken by Angola ($X), with a 17% share of total exports. It was followed by Cabo Verde, with a 17% share.

From 2012 to 2021, the average annual growth rate of value to Mozambique was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-1.1% per year) and Cabo Verde (+29.4% per year).

Export Prices by Country

In 2021, the average iodine, fluorine and bromine export price amounted to $X per ton, shrinking by -28.4% against the previous year. In general, the export price continues to indicate a perceptible slump. The pace of growth appeared the most rapid in 2018 when the average export price increased by 69%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Cabo Verde ($X per ton), while the average price for exports to Luxembourg ($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 (+4.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iodine, Fluorine And Bromine

Imports into Portugal

Iodine, fluorine and bromine imports into Portugal skyrocketed to X tons in 2021, picking up by 26% compared with 2020 figures. Over the period under review, imports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2016 with an increase of 227% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, iodine, fluorine and bromine imports skyrocketed to $X in 2021. In general, imports, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2016 with an increase of 207% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Spain (X tons) was the main supplier of iodine, fluorine and bromine to Portugal, with a 99% share of total imports. It was followed by Belgium (X kg), with a 0.6% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-21.7% per year) and Germany (-61.2% per year).

In value terms, Spain ($X) constituted the largest supplier of iodine, fluorine and bromine to Portugal, comprising 96% of total imports. The second position in the ranking was held by Belgium ($X), with a 1.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to -11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-21.4% per year) and Germany (-50.1% per year).

Import Prices by Country

The average iodine, fluorine and bromine import price stood at $X per ton in 2021, picking up by 3.9% against the previous year. Over the period under review, the import price, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2020 an increase of 64%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Spain ($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 (+28.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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