Overview of the Global Market for Bromides And Bromide Oxides, Iodides And Iodide Oxides

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

In 2021, the global market for bromides and bromide oxides, iodides and iodide oxides decreased by -0.4% to $X for the first time since 2017, thus ending a three-year rising trend. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market reached the peak level at $X in 2020, and then contracted modestly in the following year.

Production of Bromides And Bromide Oxides, Iodides And Iodide Oxides

In value terms, bromides, iodides and oxids thereof production contracted slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 21%. Global production peaked at $X in 2020, and then fell slightly in the following year.

Exports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Exports

In 2021, overseas shipments of bromides and bromide oxides, iodides and iodide oxides decreased by -3.4% to X tons, falling for the second consecutive year after three years of growth. In general, total exports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -22.2% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 55%. Over the period under review, the global exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, bromides, iodides and oxids thereof exports expanded slightly to $X in 2021. The total export value increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when exports increased by 20%. The global exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Israel (X tons) and Jordan (X tons) represented roughly 42% of total exports in 2021. The Netherlands (X tons) took the next position in the ranking, followed by the United States (X tons) and India (X tons). All these countries together held approx. 27% share of total exports. China (X tons), Singapore (X tons), Germany (X tons), Belgium (X tons), Russia (X tons) and Lao People's Democratic Republic (X tons) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Lao People's Democratic Republic (with a CAGR of +43.3%), while the other global leaders experienced more modest paces of growth.

In value terms, Israel ($X), Jordan ($X) and the United States ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 35% of global exports. These countries were followed by India, Germany, the Netherlands, Belgium, China, Singapore, Russia and Lao People's Democratic Republic, which together accounted for a further 37%.

Lao People's Democratic Republic, with a CAGR of +34.4%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for bromides and bromide oxides, iodides and iodide oxides stood at $X per ton in 2021, picking up by 5.7% against the previous year. Overall, the export price, however, saw a perceptible setback. The pace of growth was the most pronounced in 2020 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while Jordan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+3.1%), while the other global leaders experienced more modest paces of growth.

Imports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Imports

In 2021, after five years of growth, there was significant decline in supplies from abroad of bromides and bromide oxides, iodides and iodide oxides, when their volume decreased by -9.6% to X tons. In general, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by 17%. Global imports peaked at X tons in 2020, and then dropped in the following year.

In value terms, bromides, iodides and oxids thereof imports rose to $X in 2021. Over the period under review, total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.8% 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 +65.5% against 2015 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 18%. Global imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Free Zones (X tons) represented the major importer of bromides and bromide oxides, iodides and iodide oxides, constituting 29% of total imports. The United States (X tons) took a 14% share (based on physical terms) of total imports, which put it in second place, followed by China (10%) and the United Arab Emirates (6.2%). Germany (X tons), the Netherlands (X tons), Saudi Arabia (X tons), Belgium (X tons), Norway (X tons), Malaysia (X tons) and Ghana (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to bromides, iodides and oxids thereof imports into Free Zones stood at +22.2%. At the same time, Ghana (+67.8%), China (+27.6%), the United Arab Emirates (+20.3%), Norway (+7.1%) and Germany (+5.2%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in the world, with a CAGR of +67.8% from 2012-2021. By contrast, Belgium (-1.2%), the Netherlands (-1.5%), the United States (-1.6%), Malaysia (-1.7%) and Saudi Arabia (-4.9%) illustrated a downward trend over the same period. While the share of Free Zones (+22 p.p.), China (+8.7 p.p.), the United Arab Emirates (+4.4 p.p.) and Ghana (+1.8 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Malaysia (-1.8 p.p.), Belgium (-1.9 p.p.), the Netherlands (-2.6 p.p.), Saudi Arabia (-4.7 p.p.) and the United States (-11.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Free Zones ($X) constitutes the largest market for imported bromides and bromide oxides, iodides and iodide oxides worldwide, comprising 26% of global imports. The second position in the ranking was held by China ($X), with a 13% share of global imports. It was followed by the United States, with a 10% share.

In Free Zones, bromides, iodides and oxids thereof imports expanded at an average annual rate of +35.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: China (+11.0% per year) and the United States (-0.3% per year).

Import Prices by Country

The average import price for bromides and bromide oxides, iodides and iodide oxides stood at $X per ton in 2021, with an increase of 15% against the previous year. In general, the import price, however, continues to indicate a slight descent. Global import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Free Zones (+11.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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