Report Update Nov 1, 2024

Singapore - Iodine - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Iodine Market 2024

Iodine Market Size in Singapore

The Singaporean iodine market fell rapidly to $X in 2022, reducing by -30.1% against the previous year. In general, consumption showed a perceptible setback. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Iodine Production in Singapore

In value terms, iodine production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by 14%. Over the period under review, production attained the maximum level at $X in 2018; afterwards, it flattened through to 2022.

Iodine Exports

Exports from Singapore

After three years of decline, overseas shipments of iodine increased by 173% to X tons in 2022. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 280% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, iodine exports skyrocketed to $X in 2022. Over the period under review, exports saw 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 hit record highs at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for iodine exports from Singapore, with a 97% share of total exports. It was followed by Malaysia (X tons), with a 2.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to India totaled +35.3%.

In value terms, India ($X) remains the key foreign market for iodine exports from Singapore, comprising 97% of total exports. The second position in the ranking was held by Malaysia ($X), with a 3.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to India stood at +32.5%.

Export Prices by Country

In 2022, the average iodine export price amounted to $X per ton, picking up by 15% against the previous year. In general, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iodine export price increased by +77.2% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 49% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to India stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+9.4%), while the prices for the other major destinations experienced a decline.

Iodine Imports

Imports into Singapore

In 2022, overseas purchases of iodine were finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, imports saw significant growth. The pace of growth appeared the most rapid in 2015 when imports increased by 654% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, iodine imports soared to $X in 2022. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 606%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Chile (X tons) was the main supplier of iodine to Singapore, with a 98% share of total imports. It was followed by the United States (X tons), with a 1.5% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Chile amounted to +51.2%.

In value terms, Chile ($X) constituted the largest supplier of iodine to Singapore, comprising 97% of total imports. The second position in the ranking was held by the United States ($X), with a 2.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Chile stood at +53.0%.

Import Prices by Country

In 2022, the average iodine import price amounted to $X per ton, growing by 30% against the previous year. Overall, the import price, however, recorded a noticeable downturn. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Chile totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.6%).

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. Chile, the United States, India, Italy, Germany, France, Brazil, the Netherlands and the UK lagged somewhat behind, together comprising a further 49%.

What are the largest producers of iodine in the world?

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

What are the leading suppliers of iodine to Singapore?

In value terms, Chile constituted the largest supplier of iodine to Singapore, comprising 96% of total imports. The second position in the ranking was occupied by the United States, with a 2.2% share of total imports.

What are the leading importers of iodine from Singapore?

In value terms, China emerged as the key foreign market for iodine exports from Singapore, comprising 67% of total exports. The second position in the ranking was occupied by India, with a 16% share of total exports. It was followed by the United Arab Emirates, with a 13% share.

What is the average export price for iodine in Singapore?

In 2021, the average iodine export price amounted to $17,586 per ton, declining by -8.3% against the previous year.

What is the average import price for iodine in Singapore?

The average iodine import price stood at $26,548 per ton in 2021, falling by -12.7% against the previous year.

This report provides an in-depth analysis of the iodine market in Singapore. 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:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
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
Find deeper insights into current market developments
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