Price for Bromides; of Sodium or of Potassium in India - 2023
Contents:
- Price for Bromides; of Sodium or of Potassium in India (FOB) - 2023
- Price for Bromides; of Sodium or of Potassium in India (CIF) - 2023
- Exports of Bromides; of Sodium or of Potassium in India
- Imports of Bromides; of Sodium or of Potassium in India
Price for Bromides; of Sodium or of Potassium in India (FOB) - 2023
The average export price for bromides; of sodium or of potassia stood at $2,950 per ton in November 2023, growing by 17% against the previous month. Over the period under review, export price indicated a modest expansion from November 2022 to November 2023: its price increased at an average monthly rate of +1.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for bromides; of sodium or of potassia decreased by -29.5% against September 2023 indices. The pace of growth appeared the most rapid in September 2023 an increase of 92% month-to-month. As a result, the export price attained the peak level of $4,183 per ton. From October 2023 to November 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Nigeria ($5,625 per ton), while the average price for exports to Saudi Arabia ($1,523 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-0.0%), while the prices for the other major destinations experienced a decline.
Price for Bromides; of Sodium or of Potassium in India (CIF) - 2023
The average import price for bromides; of sodium or of potassia stood at $1,072 per ton in November 2023, waning by -47.6% against the previous month. In general, the import price saw a perceptible setback. The pace of growth was the most pronounced in October 2023 when the average import price increased by 1,171% against the previous month. Over the period under review, average import prices attained the peak figure at $4,098 per ton in June 2023; however, from July 2023 to November 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the Netherlands ($8,083 per ton), while the price for Spain ($357 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+238.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Bromides; of Sodium or of Potassium in India
In 2022, exports of bromides; of sodium or of potassia from India surged to 7.6K tons, with an increase of 18% on the previous year. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 29% against the previous year.
In value terms, exports of bromides; of sodium or of potassia soared to $16M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +10.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +95.6% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Bromides; of Sodium or of Potassium in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 7.0 | 5.1 | 7.6 | 9.1 | 9.1% |
| United States | 0.1 | 0.4 | 1.3 | 2.4 | 188.4% |
| China | N/A | 0.1 | 0.2 | 1.2 | 246.4% |
| Saudi Arabia | 0.7 | 0.4 | 0.1 | 1.0 | 12.6% |
| Malaysia | 0.4 | 0.4 | N/A | 0.9 | 31.0% |
| Nigeria | 0.5 | 0.2 | 0.5 | 0.3 | -15.7% |
| Qatar | 0.2 | N/A | 0.6 | 0.2 | 0.0% |
| Azerbaijan | 1.1 | 0.3 | N/A | N/A | -72.7% |
| Others | 1.6 | 1.2 | 0.4 | 0.6 | -27.9% |
| Total | 11.7 | 8.0 | 10.8 | 15.7 | 10.3% |
Top Export Markets for Bromides; of Sodium or of Potassium from India in 2022:
- United Arab Emirates (5424.4 tons)
- Saudi Arabia (534.1 tons)
- Malaysia (489.5 tons)
- China (454.0 tons)
- United States (360.7 tons)
- Qatar (145.4 tons)
- Nigeria (48.0 tons)
Imports of Bromides; of Sodium or of Potassium in India
For the fourth consecutive year, India recorded growth in overseas purchases of bromides; of sodium or of potassia, which increased by 30% to 1.7K tons in 2022. Over the period under review, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 39% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, imports of bromides; of sodium or of potassia skyrocketed to $5.1M in 2022. Overall, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Bromides; of Sodium or of Potassium in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | N/A | 629 | 179 | 3,207 | 125.8% |
| Netherlands | 456 | 565 | 583 | 775 | 19.3% |
| Spain | 131 | 224 | 349 | 326 | 35.5% |
| China | 18.9 | 42.2 | 56.6 | 315 | 155.4% |
| Russia | N/A | N/A | N/A | 178 | 0% |
| United Arab Emirates | N/A | N/A | 274 | N/A | 0% |
| Others | 419 | 254 | 226 | 263 | -14.4% |
| Total | 1,025 | 1,714 | 1,668 | 5,064 | 70.3% |
Top Suppliers of Bromides; of Sodium or of Potassium to India in 2022:
- Israel (744.3 tons)
- Netherlands (440.0 tons)
- Spain (396.0 tons)
- China (69.0 tons)
- Russia (50.0 tons)
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