South-Eastern Asia: Market for Iodine, Fluorine And Bromine 2024

Market Size for Iodine, Fluorine And Bromine in South-Eastern Asia

The Southeast Asian iodine, fluorine and bromine market skyrocketed to $X in 2021, picking up by 47% against the previous year. Over the period under review, consumption recorded resilient growth. Over the period under review, the market attained the maximum level in 2021 and is likely to see steady growth in the immediate term.

Production of Iodine, Fluorine And Bromine in South-Eastern Asia

In value terms, iodine, fluorine and bromine production fell to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of 21%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Iodine, Fluorine And Bromine

Exports in South-Eastern Asia

In 2021, iodine, fluorine and bromine exports in South-Eastern Asia reduced markedly to X tons, waning by -25.1% compared with 2020 figures. Over the period under review, exports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2015 when exports increased by 185% against the previous year. Over the period under review, the exports attained the peak figure 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 reduced remarkably to $X in 2021. Overall, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2015 when exports increased by 143% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Singapore was the main exporter of iodine, fluorine and bromine in South-Eastern Asia, with the volume of exports recording X tons, which was near 62% of total exports in 2021. It was distantly followed by Malaysia (X tons) and Indonesia (X tons), together creating a 38% share of total exports.

Exports from Singapore increased at an average annual rate of +16.4% from 2012 to 2021. At the same time, Malaysia (+17.9%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +17.9% from 2012-2021. By contrast, Indonesia (-6.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Singapore and Malaysia increased by +24 and +12 percentage points, respectively.

In value terms, Singapore ($X) remains the largest iodine, fluorine and bromine supplier in South-Eastern Asia, comprising 81% of total exports. The second position in the ranking was held by Indonesia ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Singapore totaled +25.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (-13.1% per year) and Malaysia (+21.3% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, reducing by -6.9% against the previous year. Over the period under review, the export price recorded a pronounced descent. The most prominent rate of growth was recorded in 2014 an increase of 20%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+8.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Iodine, Fluorine And Bromine

Imports in South-Eastern Asia

After three years of decline, overseas purchases of iodine, fluorine and bromine increased by 44% to X tons in 2021. In general, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 258% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, iodine, fluorine and bromine imports surged to $X in 2021. Over the period under review, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2015 when imports increased by 107% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Imports by Country

Singapore prevails in imports structure, resulting at X tons, which was approx. 91% of total imports in 2021. It was distantly followed by Vietnam (X tons), constituting a 4.7% share of total imports. Malaysia (X tons) took a relatively small share of total imports.

Singapore was also the fastest-growing in terms of the iodine, fluorine and bromine imports, with a CAGR of +75.1% from 2012 to 2021. At the same time, Vietnam (+32.2%) displayed positive paces of growth. By contrast, Malaysia (-6.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Singapore increased by +84 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported iodine, fluorine and bromine in South-Eastern Asia, comprising 68% of total imports. The second position in the ranking was held by Vietnam ($X), with a 21% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Singapore stood at +42.4%. In the other countries, the average annual rates were as follows: Vietnam (+34.3% per year) and Malaysia (-7.3% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, with a decrease of -11.8% against the previous year. Overall, the import price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2015 when the import price increased by 13%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+1.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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