Saudi Arabia: Market for Bromides And Bromide Oxides, Iodides And Iodide Oxides 2024

Market Size for Bromides And Bromide Oxides, Iodides And Iodide Oxides in Saudi Arabia

In 2021, the Saudi market for bromides and bromide oxides, iodides and iodide oxides decreased by -57.8% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption showed a pronounced curtailment. Bromides, iodides and oxids thereof consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Exports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Exports from Saudi Arabia

In 2021, overseas shipments of bromides and bromide oxides, iodides and iodide oxides were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports posted a resilient increase. The most prominent rate of growth was recorded in 2014 when exports increased by 104% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, bromides, iodides and oxids thereof exports soared to $X in 2021. Overall, exports showed a prominent expansion. The pace of growth appeared the most rapid in 2015 with an increase of 89% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for bromides, iodides and oxids thereof exports from Saudi Arabia, with a 96% share of total exports. Moreover, bromides, iodides and oxids thereof exports to the United Arab Emirates exceeded the volume sent to the second major destination, Bahrain (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +37.8%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for bromides and bromide oxides, iodides and iodide oxides exports from Saudi Arabia, comprising 93% of total exports. The second position in the ranking was taken by Bahrain ($X), with a 6.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates amounted to +31.5%.

Export Prices by Country

The average export price for bromides and bromide oxides, iodides and iodide oxides stood at $X per ton in 2021, with a decrease of -28.1% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 63%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Bahrain ($X per ton), while the average price for exports to the United Arab Emirates amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+9.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Imports into Saudi Arabia

After two years of growth, overseas purchases of bromides and bromide oxides, iodides and iodide oxides decreased by -54.1% to X tons in 2021. In general, imports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2016 with an increase of 832% against the previous year. Over the period under review, imports reached the peak figure 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 dropped significantly to $X in 2021. Over the period under review, imports continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2016 with an increase of 533% against the previous year. Over the period under review, imports reached the maximum at $X in 2020, and then shrank sharply in the following year.

Imports by Country

India (X tons), the United States (X tons) and China (X tons) were the main suppliers of bromides, iodides and oxids thereof imports to Saudi Arabia, with a combined 99.9% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +82.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), the United States ($X) and China ($X) constituted the largest bromides, iodides and oxids thereof suppliers to Saudi Arabia, with a combined 100% share of total imports.

India, with a CAGR of +48.3%, recorded the highest rates of growth with regard to the value of imports, in terms of 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, dropping by -8.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 37% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were China ($X per ton) and India ($X per ton), while the price for Jordan ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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