Price for Bromides; of Sodium or of Potassium in Spain - 2023
Contents:
- Price for Bromides; of Sodium or of Potassium in Spain (FOB) - 2022
- Price for Bromides; of Sodium or of Potassium in Spain (CIF) - 2023
- Exports of Bromides; of Sodium or of Potassium in Spain
- Imports of Bromides; of Sodium or of Potassium in Spain
Price for Bromides; of Sodium or of Potassium in Spain (FOB) - 2022
The average export price for bromides; of sodium or of potassia stood at $1,415 per ton in 2022, rising by 26% against the previous year. Over the period under review, the export price posted a prominent expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by 46% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($3,664 per ton), while the average price for exports to Nigeria ($357 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Bromides; of Sodium or of Potassium in Spain (CIF) - 2023
In November 2023, the average import price for bromides; of sodium or of potassia amounted to $3,483 per ton, with a decrease of -27.5% against the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 120% m-o-m. The import price peaked at $4,864 per ton in May 2023; however, from June 2023 to November 2023, import prices failed to regain momentum.
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 ($4,838 per ton), while the price for France ($2,759 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 Germany (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Bromides; of Sodium or of Potassium in Spain
In 2022, overseas shipments of bromides; of sodium or of potassia decreased by -30.7% to 706 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports showed a perceptible descent. The pace of growth appeared the most rapid in 2021 with an increase of 23%. As a result, the exports reached the peak of 1K tons, and then declined notably in the following year.
In value terms, exports of bromides; of sodium or of potassia shrank to $999K in 2022. In general, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 52% against the previous year. As a result, the exports attained the peak of $1.1M, and then shrank in the following year.
| Export of Bromides; of Sodium or of Potassium in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 118 | 195 | 298 | 293 | 35.4% |
| United Kingdom | 13.0 | 131 | 397 | 207 | 151.6% |
| Germany | 104 | 118 | 30.4 | 163 | 16.2% |
| France | 51.8 | 97.0 | 129 | 102 | 25.3% |
| Switzerland | 1.5 | N/A | 75.4 | 75.3 | 268.9% |
| Nigeria | N/A | N/A | 53.1 | 45.0 | -15.3% |
| Portugal | 11.4 | 20.2 | 61.6 | 19.6 | 19.8% |
| China | 197 | 143 | 21.9 | 19.2 | -54.0% |
| Others | 77.1 | 50.3 | 78.4 | 75.1 | -0.9% |
| Total | 574 | 754 | 1,145 | 999 | 20.3% |
Top Export Markets for Bromides; of Sodium or of Potassium from Spain in 2022:
- United Kingdom (199.2 tons)
- Nigeria (126.0 tons)
- France (117.4 tons)
- India (80.1 tons)
- Germany (79.7 tons)
- Switzerland (50.0 tons)
- Portugal (21.6 tons)
- China (5.2 tons)
Imports of Bromides; of Sodium or of Potassium in Spain
For the third year in a row, Spain recorded decline in overseas purchases of bromides; of sodium or of potassia, which decreased by -44.9% to 260 tons in 2022. Over the period under review, imports faced a sharp decrease. The smallest decline of -13% was in 2020.
In value terms, imports of bromides; of sodium or of potassia contracted modestly to $879K in 2022. Overall, imports recorded a abrupt downturn.
| Import of Bromides; of Sodium or of Potassium in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 58.7 | 16.0 | 22.7 | 404 | 90.2% |
| Netherlands | 1,331 | 1,257 | 617 | 208 | -46.1% |
| Germany | 19.4 | 41.8 | 98.8 | 183 | 111.3% |
| France | 45.4 | 48.8 | 104 | 72.6 | 16.9% |
| China | 0.1 | 1.2 | 29.9 | 3.4 | 224.0% |
| Others | 47.1 | 121 | 10.9 | 8.6 | -43.3% |
| Total | 1,502 | 1,486 | 884 | 879 | -16.4% |
Top Suppliers of Bromides; of Sodium or of Potassium to Spain in 2022:
- Belgium (91.9 tons)
- Netherlands (83.1 tons)
- Germany (51.8 tons)
- France (23.1 tons)
- China (7.7 tons)
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