Turkey: Market for Iodine, Fluorine And Bromine 2024

Market Size for Iodine, Fluorine And Bromine in Turkey

The Turkish iodine, fluorine and bromine market rose to $X in 2021, increasing by 2% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Iodine, Fluorine And Bromine in Turkey

In value terms, iodine, fluorine and bromine production contracted to $X in 2021 estimated in export price. Overall, production, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 31%. As a result, production attained the peak level of $X, and then contracted in the following year.

Exports of Iodine, Fluorine And Bromine

Exports from Turkey

In 2021, overseas shipments of iodine, fluorine and bromine decreased by -92.7% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 514% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, iodine, fluorine and bromine exports shrank notably to $X in 2021. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 390%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for iodine, fluorine and bromine exports from Turkey, accounting for a 96% share of total exports. It was followed by Iraq (X kg), with a 2% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to India totaled -2.4%.

In value terms, India ($X) remains the key foreign market for iodine, fluorine and bromine exports from Turkey, comprising 97% of total exports. The second position in the ranking was held by Iraq ($X), with a 0.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to India amounted to +11.1%.

Export Prices by Country

The average iodine, fluorine and bromine export price stood at $X per ton in 2021, approximately mirroring the previous year. In general, the export price, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by 119% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Iraq amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+13.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iodine, Fluorine And Bromine

Imports into Turkey

In 2021, supplies from abroad of iodine, fluorine and bromine decreased by -97.9% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 768%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, iodine, fluorine and bromine imports contracted remarkably to $X in 2021. Overall, imports saw a deep contraction. The pace of growth appeared the most rapid in 2018 with an increase of 456%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), India (X tons) and Chile (X kg) were the main suppliers of iodine, fluorine and bromine imports to Turkey, together accounting for 81% of total imports. Germany, the United States and Israel lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +39.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iodine, fluorine and bromine suppliers to Turkey were the Netherlands ($X), India ($X) and Chile ($X), together accounting for 73% of total imports. Germany, the United States and Israel lagged somewhat behind, together comprising a further 24%.

The United States, with a CAGR of +45.2%, saw the highest growth rate of the value of imports, among 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, growing by 86% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkmenistan (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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