Singapore: Market for Iodine, Fluorine And Bromine 2024

Market Size for Iodine, Fluorine And Bromine in Singapore

In 2021, after three years of decline, there was significant growth in the Singaporean iodine, fluorine and bromine market, when its value increased by 60% to $X. In general, consumption saw significant growth. Iodine, fluorine and bromine consumption peaked in 2021 and is likely to continue growth in the near future.

Exports of Iodine, Fluorine And Bromine

Exports from Singapore

For the third consecutive year, Singapore recorded decline in shipments abroad of iodine, fluorine and bromine, which decreased by -38.8% to X tons in 2021. Over the period under review, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 284%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, iodine, fluorine and bromine exports declined remarkably to $X in 2021. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 221% against the previous year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for iodine, fluorine and bromine exports from Singapore, with a 62% share of total exports. Moreover, iodine, fluorine and bromine exports to India exceeded the volume sent to the second major destination, the United States (X tons), threefold. China (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to India stood at +24.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+41.3% per year) and China (-7.4% per year).

In value terms, the largest markets for iodine, fluorine and bromine exported from Singapore were India ($X), the United States ($X) and China ($X), together accounting for 92% of total exports.

Among the main countries of destination, the United States, with a CAGR of +94.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average iodine, fluorine and bromine export price stood at $X per ton in 2021, growing by 5.3% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, iodine, fluorine and bromine export price increased by +66.1% against 2017 indices. The pace of growth was the most pronounced in 2013 an increase of 54%. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Malaysia ($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 United States (+37.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iodine, Fluorine And Bromine

Imports into Singapore

After three years of decline, overseas purchases of iodine, fluorine and bromine increased by 51% to X tons in 2021. Overall, imports continue to indicate significant growth. The growth pace was the most rapid in 2013 when imports increased by 3,788%. Over the period under review, imports hit record highs at X tons in 2017; afterwards, it flattened through to 2021.

In value terms, iodine, fluorine and bromine imports soared to $X in 2021. Over the period under review, imports posted significant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 416% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Jordan (X tons) constituted the largest supplier of iodine, fluorine and bromine to Singapore, with a 54% share of total imports. Moreover, iodine, fluorine and bromine imports from Jordan exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. The third position in this ranking was taken by Israel (X tons), with a 19% share.

From 2012 to 2021, the average annual growth rate of volume from Jordan totaled +20.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+166.5% per year) and Israel (+6.5% per year).

In value terms, the largest iodine, fluorine and bromine suppliers to Singapore were Jordan ($X), Chile ($X) and Japan ($X), together comprising 76% of total imports.

Japan, with a CAGR of +149.5%, saw the highest rates of growth with regard to 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 iodine, fluorine and bromine import price stood at $X per ton in 2021, which is down by -14.4% against the previous year. In general, the import price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2015 when the average import price increased by 92% against the previous year. The import price peaked 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 Chile ($X per ton), while the price for Israel ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :