Price for Bromides; of Sodium or of Potassium in Norway - 2024
Contents:
- Price for Bromides; of Sodium or of Potassium in Norway (CIF) - 2022
- Price for Bromides; of Sodium or of Potassium in Norway (FOB) - 2022
- Imports of Bromides; of Sodium or of Potassium in Norway
- Exports of Bromides; of Sodium or of Potassium in Norway
Price for Bromides; of Sodium or of Potassium in Norway (CIF) - 2022
The average import price for bromides; of sodium or of potassia stood at $3,568 per ton in 2022, surging by 36% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for bromides; of sodium or of potassia increased by +52.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 43% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Israel ($3,892 per ton), while the price for the UK ($1,537 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Bromides; of Sodium or of Potassium in Norway (FOB) - 2022
In 2022, the average export price for bromides; of sodium or of potassia amounted to $1,638 per ton, waning by -8.8% against the previous year. Overall, the export price saw a perceptible curtailment. The pace of growth appeared the most rapid in 2019 an increase of 116% against the previous year. The export price peaked at $5,217 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the UK.
From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to -2.2% per year.
Imports of Bromides; of Sodium or of Potassium in Norway
After three years of growth, overseas purchases of bromides; of sodium or of potassia decreased by -83.8% to 688 tons in 2022. In general, imports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 73% against the previous year.
In value terms, imports of bromides; of sodium or of potassia shrank notably to $2.5M in 2022. Overall, imports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 44% against the previous year.
Import of Bromides; of Sodium or of Potassium in Norway (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Israel | 1,882 | 2,446 | 3,006 | 1,852 | -0.5% |
Netherlands | 887 | 961 | 1,938 | 556 | -14.4% |
Belgium | 100 | 601 | 371 | 21.9 | -39.7% |
United States | 258 | 169 | 45.3 | 3.3 | -76.6% |
United Kingdom | 134 | 784 | 529 | 1.4 | -78.1% |
India | 886 | N/A | N/A | 0.4 | -92.3% |
China | 388 | 209 | 165 | 0.1 | -93.6% |
Russia | N/A | 1,734 | N/A | N/A | 0% |
Angola | 356 | 295 | 283 | N/A | -10.8% |
Others | 1,694 | 2,261 | 4,779 | 21.3 | -76.7% |
Total | 6,586 | 9,460 | 11,116 | 2,456 | -28.0% |
Top Suppliers of Bromides; of Sodium or of Potassium to Norway in 2022:
- Israel (475.7 tons)
- Netherlands (194.8 tons)
- Belgium (12.8 tons)
- United States (2.0 tons)
- United Kingdom (0.9 tons)
Exports of Bromides; of Sodium or of Potassium in Norway
For the fourth consecutive year, Norway recorded growth in overseas shipments of bromides; of sodium or of potassia, which increased by 8.4% to 428 tons in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +15.7% 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 +54.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 31% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of bromides; of sodium or of potassia fell modestly to $701K in 2022. In general, exports, however, showed a drastic downturn. The smallest decline of -1.2% was in 2021.
Export of Bromides; of Sodium or of Potassium in Norway (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 23.7 | 42.5 | 436 | 701 | 209.3% |
Malaysia | N/A | 663 | N/A | N/A | 0% |
Iceland | 5.8 | 12.4 | 273 | N/A | 586.1% |
Ghana | 1,070 | N/A | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 1,099 | 718 | 710 | 701 | -13.9% |
Top Export Markets for Bromides; of Sodium or of Potassium from Norway in 2022:
- United Kingdom (428.3 tons)
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