South Africa: Market for Iodine, Fluorine And Bromine 2024

Market Size for Iodine, Fluorine And Bromine in South Africa

In 2021, the South African iodine, fluorine and bromine market decreased by -10.7% to $X, falling for the second consecutive year after four years of growth. Overall, consumption recorded a relatively flat trend pattern. Iodine, fluorine and bromine consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Iodine, Fluorine And Bromine in South Africa

In value terms, iodine, fluorine and bromine production amounted to $X in 2021 estimated in export price. In general, the total production indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.8% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 48%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of Iodine, Fluorine And Bromine

Exports from South Africa

In 2021, overseas shipments of iodine, fluorine and bromine increased by 26% to X tons, rising for the second year in a row after four years of decline. Over the period under review, exports continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2013 when exports increased by 64% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, iodine, fluorine and bromine exports skyrocketed to $X in 2021. In general, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +23.2% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 46% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Zambia (X tons) was the main destination for iodine, fluorine and bromine exports from South Africa, with a 38% share of total exports. Moreover, iodine, fluorine and bromine exports to Zambia exceeded the volume sent to the second major destination, Australia (X tons), twofold. Botswana (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Zambia amounted to +19.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+18.2% per year) and Botswana (+49.0% per year).

In value terms, Zambia ($X) emerged as the key foreign market for iodine, fluorine and bromine exports from South Africa, comprising 42% of total exports. The second position in the ranking was taken by Zimbabwe ($X), with a 13% share of total exports. It was followed by Botswana, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Zambia amounted to +24.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (+2.3% per year) and Botswana (+39.7% per year).

Export Prices by Country

The average iodine, fluorine and bromine export price stood at $X per ton in 2021, growing by 14% against the previous year. In general, the export price saw notable growth. The pace of growth was the most pronounced in 2018 when the average export price increased by 90% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zimbabwe ($X per ton), while the average price for exports to Australia ($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 Democratic Republic of the Congo (+21.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iodine, Fluorine And Bromine

Imports into South Africa

In 2021, approx. X tons of iodine, fluorine and bromine were imported into South Africa; increasing by 12% on 2020 figures. Overall, imports, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 64% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, iodine, fluorine and bromine imports declined markedly to $X in 2021. Over the period under review, imports, however, saw a abrupt decline. The growth pace was the most rapid in 2019 with an increase of 10% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Chile (X tons), Italy (X tons) and Uganda (X tons) were the main suppliers of iodine, fluorine and bromine imports to South Africa, with a combined 90% share of total imports. The Netherlands, Germany, Brazil, the United States and India lagged somewhat behind, together comprising a further 10%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +280.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) constituted the largest supplier of iodine, fluorine and bromine to South Africa, comprising 65% of total imports. The second position in the ranking was held by Italy ($X), with a 15% share of total imports. It was followed by the Netherlands, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Chile totaled -7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (0.0% per year) and the Netherlands (+252.8% per year).

Import Prices by Country

In 2021, the average iodine, fluorine and bromine import price amounted to $X per ton, falling by -32.1% against the previous year. Overall, the import price saw a pronounced reduction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 242%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Uganda ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :