Russian Federation: Market for Bromides And Bromide Oxides, Iodides And Iodide Oxides 2024

Market Size for Bromides And Bromide Oxides, Iodides And Iodide Oxides in the Russian Federation

In 2021, the Russian market for bromides and bromide oxides, iodides and iodide oxides decreased by -45.4% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption showed a mild decline. Bromides, iodides and oxids thereof consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Production of Bromides And Bromide Oxides, Iodides And Iodide Oxides in the Russian Federation

In value terms, bromides, iodides and oxids thereof production contracted modestly to $X in 2021 estimated in export price. In general, production, however, showed a strong expansion. The pace of growth appeared the most rapid in 2014 with an increase of 151%. Bromides, iodides and oxids thereof production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Exports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Exports from the Russian Federation

In 2021, approx. X tons of bromides and bromide oxides, iodides and iodide oxides were exported from Russia; with an increase of 174% against the previous year. Overall, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, bromides, iodides and oxids thereof exports soared to $X in 2021. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 103% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

China (X tons) was the main destination for bromides, iodides and oxids thereof exports from Russia, with a 90% share of total exports. Moreover, bromides, iodides and oxids thereof exports to China exceeded the volume sent to the second major destination, Poland (X tons), more than tenfold. The third position in this ranking was taken by Belarus (X tons), with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +512.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+58.8% per year) and Belarus (+12.6% per year).

In value terms, China ($X) emerged as the key foreign market for bromides and bromide oxides, iodides and iodide oxides exports from Russia, comprising 82% of total exports. The second position in the ranking was held by Belarus ($X), with a 4.4% share of total exports. It was followed by Poland, with a 1.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at +470.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+19.2% per year) and Poland (+64.2% per year).

Export Prices by Country

The average export price for bromides and bromide oxides, iodides and iodide oxides stood at $X per ton in 2021, which is down by -36.2% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The growth pace was the most rapid in 2019 an increase of 265% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Belarus ($X per ton), while the average price for exports to Poland ($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 Belarus (+5.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Imports into the Russian Federation

In 2021, supplies from abroad of bromides and bromide oxides, iodides and iodide oxides decreased by -43.1% to X tons, falling for the second year in a row after three years of growth. Overall, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 72%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, bromides, iodides and oxids thereof imports contracted dramatically to $X in 2021. Over the period under review, imports showed a deep reduction. The pace of growth appeared the most rapid in 2017 with an increase of 60%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of bromides, iodides and oxids thereof to Russia, accounting for a 27% share of total imports. Moreover, bromides, iodides and oxids thereof imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Finland (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands stood at +81.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (-1.3% per year) and the United States (+36.1% per year).

In value terms, India ($X), the Netherlands ($X) and Israel ($X) appeared to be the largest bromides, iodides and oxids thereof suppliers to Russia, together comprising 46% of total imports. These countries were followed by the United States, Finland, Belgium, Sweden, Lao People's Democratic Republic and China, which together accounted for a further 33%.

Sweden, with a CAGR of +252.5%, recorded the highest growth rate of the value of imports, among the main suppliers 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, growing by 20% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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