Report Update Nov 1, 2024

Russian Federation - Iodine - Market Analysis, Forecast, Size, Trends and Insights

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Russian Federation: Iodine Market 2024

Iodine Market Size in the Russian Federation

In 2022, the Russian iodine market was finally on the rise to reach $X after two years of decline. In general, consumption, however, saw a pronounced downturn. Iodine consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Iodine Production in the Russian Federation

In value terms, iodine production declined sharply to $X in 2022 estimated in export price. In general, production, however, showed a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 94%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Iodine Exports

Exports from the Russian Federation

In 2022, iodine exports from Russia skyrocketed to X tons, jumping by 19% against the previous year's figure. Overall, exports enjoyed a tangible increase. The most prominent rate of growth was recorded in 2019 when exports increased by 135% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, iodine exports shrank modestly to $X in 2022. In general, exports, however, continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 125% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Uzbekistan (X tons), Belarus (X tons) and Kazakhstan (X kg) were the main destinations of iodine exports from Russia, with a combined 99% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +92.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for iodine exported from Russia were Uzbekistan ($X), Belarus ($X) and Ukraine ($X), with a combined 99% share of total exports.

Uzbekistan, with a CAGR of +62.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average iodine export price amounted to $X per ton, falling by -18.3% against the previous year. Overall, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when the average export price increased by 15%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+2.9%), while the prices for the other major destinations experienced a decline.

Iodine Imports

Imports into the Russian Federation

In 2022, after three years of decline, there was growth in supplies from abroad of iodine, when their volume increased by 0.1% to X tons. Overall, imports continue to indicate a tangible increase. The most prominent rate of growth was recorded in 2018 with an increase of 94% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, iodine imports reached $X in 2022. Over the period under review, imports continue to indicate measured growth. The pace of growth was the most pronounced in 2018 with an increase of 188%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Azerbaijan (X tons) was the main supplier of iodine to Russia, accounting for a 99.9% share of total imports. It was followed by India (X kg), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Azerbaijan amounted to +26.7%.

In value terms, Azerbaijan ($X) constituted the largest supplier of iodine to Russia, comprising 100% of total imports. The second position in the ranking was taken by India ($X), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Azerbaijan amounted to +25.8%.

Import Prices by Country

The average iodine import price stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the import price continues to indicate a modest expansion. The pace of growth appeared the most rapid in 2018 when the average import price increased by 48%. Over the period under review, average import prices reached the maximum at $X per ton in 2020; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Azerbaijan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+31.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iodine in the world?

The countries with the highest volumes of in 2021 were China, Japan and Norway, together accounting for 41% of global consumption. These countries were followed by Chile, the United States, India, Italy, Germany, France, Brazil, the Netherlands and the UK, which together accounted for a further 49%.

What are the largest producers of iodine in the world?

The country with the largest volume of iodine production was Chile, accounting for 59% of total volume. Moreover, iodine production in Chile exceeded the figures recorded by the second-largest producer, Japan, twofold. Belgium ranked third in terms of total production with a 4.5% share.

What are the leading suppliers of iodine to the Russian Federation?

In value terms, Turkmenistan, Chile and Azerbaijan appeared to be the largest iodine suppliers to Russia, with a combined 92% share of total imports.

What are the leading importers of iodine from the Russian Federation?

In value terms, Belarus emerged as the key foreign market for iodine exports from Russia, comprising 55% of total exports. The second position in the ranking was occupied by Uzbekistan, with a 25% share of total exports. It was followed by Kyrgyzstan, with a 4.1% share.

What is the average export price for iodine in the Russian Federation?

The average iodine export price stood at $24,305 per ton in 2021, declining by -39.9% against the previous year.

What is the average import price for iodine in the Russian Federation?

In 2021, the average iodine import price amounted to $30,346 per ton, standing approx. at the previous year.

This report provides an in-depth analysis of the iodine market in the Russian Federation. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Russia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Russian Federation
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023