United Kingdom: Market for Bromides And Bromide Oxides, Iodides And Iodide Oxides 2024

Market Size for Bromides And Bromide Oxides, Iodides And Iodide Oxides in the UK

The UK market for bromides and bromide oxides, iodides and iodide oxides fell sharply to $X in 2021, reducing by -78% against the previous year. Overall, consumption faced a abrupt contraction. Bromides, iodides and oxids thereof consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Bromides And Bromide Oxides, Iodides And Iodide Oxides in the UK

In value terms, bromides, iodides and oxids thereof production expanded notably to $X in 2021 estimated in export price. Overall, production, however, posted a modest increase. The most prominent rate of growth was recorded in 2019 with an increase of 85% against the previous year. Bromides, iodides and oxids thereof production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Exports from the UK

Bromides, iodides and oxids thereof exports from the UK rose notably to X tons in 2021, increasing by 9% on 2020. In general, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 160%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, bromides, iodides and oxids thereof exports soared to $X in 2021. Over the period under review, exports continue to indicate a pronounced increase. The most prominent rate of growth was recorded in 2018 with an increase of 55%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

Exports by Country

Turkmenistan (X tons) was the main destination for bromides, iodides and oxids thereof exports from the UK, accounting for a 37% share of total exports. Moreover, bromides, iodides and oxids thereof exports to Turkmenistan exceeded the volume sent to the second major destination, Norway (X tons), twofold. Germany (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkmenistan stood at +19.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+14.7% per year) and Germany (+7.2% per year).

In value terms, Germany ($X) remains the key foreign market for bromides and bromide oxides, iodides and iodide oxides exports from the UK, comprising 47% of total exports. The second position in the ranking was taken by China ($X), with a 12% share of total exports. It was followed by Nigeria, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+2.2% per year) and Nigeria (+3.9% per year).

Export Prices by Country

In 2021, the average export price for bromides and bromide oxides, iodides and iodide oxides amounted to $X per ton, picking up by 36% against the previous year. Overall, the export price, however, continues to indicate a mild contraction. The growth pace was the most rapid in 2019 when the average export price increased by 116% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Turkmenistan ($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 Cameroon (+42.9%), 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 the UK

In 2021, approx. X tons of bromides and bromide oxides, iodides and iodide oxides were imported into the UK; falling by -46.4% against 2020 figures. In general, imports recorded a drastic downturn. The pace of growth was the most pronounced in 2016 when imports increased by 52%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, bromides, iodides and oxids thereof imports shrank rapidly to $X in 2021. Over the period under review, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of 63% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), the United States (X tons) and Israel (X tons) were the main suppliers of bromides, iodides and oxids thereof imports to the UK, together comprising 92% of total imports.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of +12.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bromides, iodides and oxids thereof suppliers to the UK were the Netherlands ($X), the United States ($X) and Israel ($X), with a combined 67% share of total imports.

Israel, with a CAGR of +8.4%, 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

In 2021, the average import price for bromides and bromide oxides, iodides and iodide oxides amounted to $X per ton, which is down by -13.2% against the previous year. In general, the import price showed a pronounced decrease. The most prominent rate of growth was recorded in 2017 when the average import price increased by 20% against the previous year. 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 country of origin: the country with the highest price was France ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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