Spain: Market for Iodine, Fluorine And Bromine 2024

Market Size for Iodine, Fluorine And Bromine in Spain

In 2021, the Spanish iodine, fluorine and bromine market increased by 3.8% to $X, rising for the fourth consecutive year after three years of decline. In general, consumption saw a pronounced increase. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Production of Iodine, Fluorine And Bromine in Spain

In value terms, iodine, fluorine and bromine production rose modestly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 6.9% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Exports of Iodine, Fluorine And Bromine

Exports from Spain

In 2021, approx. X tons of iodine, fluorine and bromine were exported from Spain; rising by 3.2% on the year before. Over the period under review, exports, however, showed a sharp decline. The most prominent rate of growth was recorded in 2013 when exports increased by 154% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, iodine, fluorine and bromine exports soared to $X in 2021. In general, exports, however, recorded a perceptible descent. The pace of growth appeared the most rapid in 2013 when exports increased by 224% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Portugal (X tons), France (X tons) and Hungary (X tons) were the main destinations of iodine, fluorine and bromine exports from Spain, together comprising 80% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +126.7%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Hungary ($X) and Portugal ($X) were the largest markets for iodine, fluorine and bromine exported from Spain worldwide, with a combined 56% share of total exports.

Hungary, with a CAGR of +117.4%, saw 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

The average iodine, fluorine and bromine export price stood at $X per ton in 2021, growing by 122% against the previous year. Overall, the export price recorded significant growth. The most prominent rate of growth was recorded in 2014 an increase of 170% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Portugal ($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 France (+24.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iodine, Fluorine And Bromine

Imports into Spain

Iodine, fluorine and bromine imports into Spain soared to X tons in 2021, with an increase of 74% compared with 2020. Over the period under review, imports continue to indicate strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, iodine, fluorine and bromine imports dropped to $X in 2021. Overall, imports, however, continue to indicate a noticeable decrease. The pace of growth was the most pronounced in 2013 when imports increased by 48% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest iodine, fluorine and bromine supplier to Spain, with a 72% share of total imports. Moreover, iodine, fluorine and bromine imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fivefold. Chile (X tons) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands amounted to +33.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+9.5% per year) and Chile (-3.7% per year).

In value terms, Chile ($X), the Netherlands ($X) and Belgium ($X) appeared to be the largest iodine, fluorine and bromine suppliers to Spain, together comprising 81% of total imports.

The Netherlands, with a CAGR of +19.5%, saw the highest rates of growth with regard to the value of imports, in terms of 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, declining by -49.3% against the previous year. Overall, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 104%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+12.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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