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

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

In 2021, the Singaporean market for bromides and bromide oxides, iodides and iodide oxides increased by 142% to $X, rising for the sixth consecutive year after two years of decline. Over the period under review, consumption posted significant growth. Bromides, iodides and oxids thereof consumption peaked in 2021 and is likely to continue growth in the near future.

Production of Bromides And Bromide Oxides, Iodides And Iodide Oxides in Singapore

In value terms, bromides, iodides and oxids thereof production amounted to $X in 2021 estimated in export price. In general, production saw a abrupt decline. The pace of growth was the most pronounced in 2018 when the production volume increased by 418% against the previous year. Bromides, iodides and oxids thereof production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Exports from Singapore

In 2021, shipments abroad of bromides and bromide oxides, iodides and iodide oxides increased by 83% to X tons, rising for the second consecutive year after five years of decline. In general, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by 318%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, bromides, iodides and oxids thereof exports soared to $X in 2021. Overall, exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2020 when exports increased by 242% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Malaysia (X tons), Thailand (X tons) and Australia (X tons) were the main destinations of bromides, iodides and oxids thereof exports from Singapore, with a combined 83% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +189.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and Brunei Darussalam ($X) constituted the largest markets for bromides, iodides and oxids thereof exported from Singapore worldwide, together accounting for 85% of total exports.

Thailand, with a CAGR of +187.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for bromides and bromide oxides, iodides and iodide oxides amounted to $X per ton, growing by 17% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 22% against the previous year. As a result, the export price reached the peak level of $X per ton; afterwards, it flattened through to 2021.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to the United States ($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 Ghana (+32.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Imports into Singapore

After two years of growth, supplies from abroad of bromides and bromide oxides, iodides and iodide oxides decreased by -47.2% to X tons in 2021. In general, imports saw a pronounced decline. The growth pace was the most rapid in 2020 when imports increased by 510%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, bromides, iodides and oxids thereof imports declined rapidly to $X in 2021. Over the period under review, imports showed a noticeable reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 393% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Jordan (X tons) was the main bromides, iodides and oxids thereof supplier to Singapore, accounting for a 96% share of total imports. Moreover, bromides, iodides and oxids thereof imports from Jordan exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. The third position in this ranking was held by Israel (X tons), with a 0.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Jordan stood at +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-27.6% per year) and Israel (-8.0% per year).

In value terms, Jordan ($X) constituted the largest supplier of bromides and bromide oxides, iodides and iodide oxides to Singapore, comprising 86% of total imports. The second position in the ranking was held by the United States ($X), with a 9.4% share of total imports. It was followed by Israel, with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Jordan stood at +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-15.6% per year) and Israel (+2.0% per year).

Import Prices by Country

In 2021, the average import price for bromides and bromide oxides, iodides and iodide oxides amounted to $X per ton, falling by -8.4% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 25%. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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