Turkey: Market for Bromides And Bromide Oxides, Iodides And Iodide Oxides 2024

Market Size for Bromides And Bromide Oxides, Iodides And Iodide Oxides in Turkey

The Turkish market for bromides and bromide oxides, iodides and iodide oxides dropped to $X in 2021, which is down by -13.1% against the previous year. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +38.8% against 2017 indices. As a result, consumption reached the peak level of $X, and then fell in the following year.

Production of Bromides And Bromide Oxides, Iodides And Iodide Oxides in Turkey

In value terms, bromides, iodides and oxids thereof production declined sharply to $X in 2021 estimated in export price. Over the period under review, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% 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 increased by +41.0% against 2017 indices. The most prominent rate of growth was recorded in 2020 with an increase of 56% against the previous year. As a result, production reached the peak level of $X, and then declined dramatically in the following year.

Exports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Exports from Turkey

In 2021, approx. X tons of bromides and bromide oxides, iodides and iodide oxides were exported from Turkey; jumping by 210% against 2020. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 1,617%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, bromides, iodides and oxids thereof exports surged to $X in 2021. Over the period under review, exports showed a temperate increase. The growth pace was the most rapid in 2019 when exports increased by 625%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons), Iran (X tons) and Qatar (X tons) were the main destinations of bromides, iodides and oxids thereof exports from Turkey, with a combined 63% share 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 Qatar (with a CAGR of +298.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for bromides and bromide oxides, iodides and iodide oxides exports from Turkey, comprising 48% of total exports. The second position in the ranking was taken by Iran ($X), with a 24% share of total exports. It was followed by Georgia, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+61.8% per year) and Georgia (-4.2% per year).

Export Prices by Country

The average export price for bromides and bromide oxides, iodides and iodide oxides stood at $X per ton in 2021, dropping by -25.4% against the previous year. Over the period under review, the export price, however, saw a perceptible increase. The growth pace was the most rapid in 2020 when the average export price increased by 538% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell rapidly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Azerbaijan ($X per ton), while the average price for exports to Bangladesh ($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 Azerbaijan (+27.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Imports into Turkey

In 2021, bromides, iodides and oxids thereof imports into Turkey surged to X tons, jumping by 73% on the previous year's figure. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +134.1% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, bromides, iodides and oxids thereof imports skyrocketed to $X in 2021. In general, imports continue to indicate resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), China (X tons) and Israel (X tons) were the main suppliers of bromides, iodides and oxids thereof imports to Turkey, with a combined 68% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +59.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bromides, iodides and oxids thereof suppliers to Turkey were Chile ($X), China ($X) and the Netherlands ($X), together comprising 52% of total imports.

In terms of the main suppliers, China, with a CAGR of +61.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for bromides and bromide oxides, iodides and iodide oxides stood at $X per ton in 2021, rising by 5.7% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 23%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Chile ($X per ton), while the price for Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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