Bromides, Iodides And Oxids Thereof Market

The article discusses the increasing demand for bromides, iodides, and oxide compounds globally, with market consumption and value expected to grow at a steady pace. It provides detailed insights into consumption patterns, production volumes, and import and export statistics for these chemicals. The top consuming and producing countries are also highlighted, along with trends in per capita consumption and average import and export prices. Overall, the article offers a comprehensive overview of the market for bromides, iodides, and oxide compounds, forecasting continued growth in the coming years.

Market Forecast

Driven by increasing demand for bromides and bromide oxides, iodides and iodide oxides worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.5% for the period from 2022 to 2030, which is projected to bring the market volume to 889K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.3% for the period from 2022 to 2030, which is projected to bring the market value to $5.3B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Bromides And Bromide Oxides, Iodides And Iodide Oxides

In 2022, global bromides, iodides and oxids thereof consumption rose rapidly to 674K tons, picking up by 11% compared with the previous year. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +99.7% against 2012 indices. Global consumption peaked in 2022 and is expected to retain growth in years to come.

The value of the market for bromides and bromide oxides, iodides and iodide oxides worldwide expanded rapidly to $3.2B in 2022, picking up by 5.5% against 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, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -16.9% against 2018 indices. As a result, consumption attained the peak level of $3.9B. From 2019 to 2022, the growth of the global market remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (119K tons), Free Zones (116K tons) and the United Arab Emirates (49K tons), with a combined 42% share of global consumption. The United States, India, Saudi Arabia, Brazil, Israel, Pakistan, Russia, Jordan and Nigeria lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Jordan (with a CAGR of +42.2%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, China ($318M), Russia ($289M) and Brazil ($245M) were the countries with the highest levels of market value in 2022, with a combined 26% share of the global market. Free Zones, India, the United States, the United Arab Emirates, Nigeria, Pakistan, Saudi Arabia, Israel and Jordan lagged somewhat behind, together comprising a further 24%.

In terms of the main consuming countries, Jordan, with a CAGR of +45.5%, saw the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of bromides, iodides and oxids thereof per capita consumption was registered in the United Arab Emirates (4,893 kg per 1000 persons), followed by Israel (1,824 kg per 1000 persons), Jordan (1,507 kg per 1000 persons) and Saudi Arabia (514 kg per 1000 persons), while the world average per capita consumption of bromides, iodides and oxids thereof was estimated at 85 kg per 1000 persons.

In the United Arab Emirates, bromides, iodides and oxids thereof per capita consumption increased at an average annual rate of +26.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (+3.4% per year) and Jordan (+38.7% per year).

Production

World Production of Bromides And Bromide Oxides, Iodides And Iodide Oxides

In 2022, approx. 588K tons of bromides and bromide oxides, iodides and iodide oxides were produced worldwide; picking up by 4.9% against the year before. Overall, the total production indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +98.5% against 2012 indices. The pace of growth appeared the most rapid in 2014 with an increase of 27%. Over the period under review, global production reached the maximum volume in 2022 and is likely to see steady growth in the immediate term.

In value terms, bromides, iodides and oxids thereof production amounted to $2.9B in 2022 estimated in export price. The total output value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when the production volume increased by 29%. Over the period under review, global production hit record highs at $2.9B in 2020; afterwards, it flattened through to 2022.

Production By Country

The countries with the highest volumes of production in 2022 were Jordan (128K tons), Israel (107K tons) and China (64K tons), together accounting for 51% of global production. India, the Netherlands, the United States, Pakistan, Brazil, Russia, Lao People's Democratic Republic, Nigeria and Japan lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Lao People's Democratic Republic (with a CAGR of +41.0%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

In 2022, overseas purchases of bromides and bromide oxides, iodides and iodide oxides were finally on the rise to reach 453K tons for the first time since 2019, thus ending a two-year declining trend. In general, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, bromides, iodides and oxids thereof imports surged to $1.4B in 2022. Overall, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +106.6% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports By Country

In 2022, Free Zones (116K tons), distantly followed by China (65K tons), the United Arab Emirates (51K tons) and the United States (47K tons) were the major importers of bromides and bromide oxides, iodides and iodide oxides, together committing 62% of total imports. Saudi Arabia (19K tons), Belgium (16K tons), the Netherlands (14K tons), Germany (12K tons), Singapore (9.9K tons) and Malaysia (8.6K tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +31.4%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Free Zones ($261M), China ($244M) and the United States ($114M) were the countries with the highest levels of imports in 2022, with a combined 46% share of global imports.

Among the main importing countries, Free Zones, with a CAGR of +30.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average import price for bromides and bromide oxides, iodides and iodide oxides amounted to $3,008 per ton, increasing by 2.6% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 11%. Global import price peaked at $3,293 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($4,835 per ton), while the United Arab Emirates ($2,021 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+8.1%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

In 2022, the amount of bromides and bromide oxides, iodides and iodide oxides exported worldwide rose significantly to 366K tons, with an increase of 10% against 2021. Overall, total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -1.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 26%. Over the period under review, the global exports attained the peak figure at 371K tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, bromides, iodides and oxids thereof exports skyrocketed to $1.2B in 2022. In general, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +99.9% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports By Country

Jordan (112K tons) and Israel (90K tons) were the main exporters of bromides and bromide oxides, iodides and iodide oxides in 2022, reaching near 31% and 25% of total exports, respectively. The Netherlands (27K tons) took the next position in the ranking, followed by India (25K tons) and the United States (22K tons). All these countries together took approx. 20% share of total exports. The following exporters - Singapore (12K tons), Lao People's Democratic Republic (12K tons), Belgium (12K tons), Germany (10K tons) and China (9.3K tons) - each accounted for a 15% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of +59.7%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Jordan ($370M) remains the largest bromides, iodides and oxids thereof supplier worldwide, comprising 30% of global exports. The second position in the ranking was taken by Israel ($170M), with a 14% share of global exports. It was followed by India, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Jordan stood at +35.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (+1.9% per year) and India (+5.0% per year).

Export Prices By Country

In 2022, the average export price for bromides and bromide oxides, iodides and iodide oxides amounted to $3,402 per ton, growing by 8.2% against the previous year. Over the period under review, the export price, however, showed a slight shrinkage. The pace of growth appeared the most rapid in 2021 when the average export price increased by 19% against the previous year. The global export price peaked at $3,767 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($5,258 per ton), while the Netherlands ($1,794 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+12.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform