Switzerland: Iodine Market 2024

Iodine Market Size in Switzerland

The Swiss iodine market totaled $X in 2022, standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Iodine Exports

Exports from Switzerland

Iodine exports from Switzerland surged to X kg in 2022, with an increase of 28% against 2021. Over the period under review, exports, however, recorded a deep downturn. The growth pace was the most rapid in 2020 when exports increased by 625% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, iodine exports expanded remarkably to $X in 2022. In general, exports, however, continue to indicate a significant contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 777%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X kg) was the main destination for iodine exports from Switzerland, accounting for a 68% share of total exports. Moreover, iodine exports to Germany exceeded the volume sent to the second major destination, South Korea (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to -11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+0.8% per year) and Spain (-35.9% per year).

In value terms, the largest markets for iodine exported from Switzerland were Germany ($X), South Korea ($X) and Spain ($X), together comprising 100% of total exports.

Germany, with a CAGR of -12.7%, recorded 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 a decline.

Export Prices by Country

In 2022, the average iodine export price amounted to $X per ton, which is down by -13.4% against the previous year. Overall, the export price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2016 an increase of 222%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-1.7%), while the prices for the other major destinations experienced a decline.

Iodine Imports

Imports into Switzerland

In 2022, approx. X tons of iodine were imported into Switzerland; waning by -24.6% against the year before. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 103%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, iodine imports soared to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 147% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Chile (X tons) constituted the largest iodine supplier to Switzerland, accounting for a 56% share of total imports. Moreover, iodine imports from Chile exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. The third position in this ranking was held by Cyprus (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Chile amounted to -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+117.8% per year) and Cyprus (+0.1% per year).

In value terms, Chile ($X) constituted the largest supplier of iodine to Switzerland, comprising 63% of total imports. The second position in the ranking was held by Belgium ($X), with a 20% share of total imports. It was followed by Germany, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value from Chile amounted to -4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+126.6% per year) and Germany (+6.6% per year).

Import Prices by Country

The average iodine import price stood at $X per ton in 2022, jumping by 56% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Cyprus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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