Asia: Iodine Market 2024

Iodine Market Size in Asia

The Asian iodine market soared to $X in 2023, surging by X% against the previous year. The total consumption indicated measured growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2018 indices. The level of consumption peaked in 2023 and is expected to retain growth in the near future.

Iodine Production in Asia

In value terms, iodine production soared to $X in 2023 estimated in export price. The total production indicated temperate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2017 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Iodine Exports

Exports in Asia

In 2023, approx. X tons of iodine were exported in Asia; growing by X% compared with the year before. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, iodine exports soared to $X in 2023. In general, exports showed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan prevails in exports structure, accounting for X tons, which was approx. X% of total exports in 2023. It was distantly followed by Iran (X tons), constituting a X% share of total exports. Azerbaijan (X tons), the United Arab Emirates (X tons) and India (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to iodine exports from Japan stood at X%. At the same time, Iran (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. Azerbaijan experienced a relatively flat trend pattern. By contrast, India (X%) illustrated a downward trend over the same period. Japan (X p.p.), Iran (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest iodine supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Azerbaijan ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Japan stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Azerbaijan (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the export price showed strong growth. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Iodine Imports

Imports in Asia

In 2023, supplies from abroad of iodine increased by X% to X tons for the first time since 2019, thus ending a three-year declining trend. Total imports indicated perceptible growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, iodine imports surged to $X in 2023. Overall, imports posted a tangible increase. The growth pace was the most rapid in 2022 with an increase of X%. The level of import peaked in 2023 and is likely to see steady growth in the immediate term.

Imports by Country

In 2023, China (X tons) was the largest importer of iodine, generating X% of total imports. It was distantly followed by India (X tons), committing a X% share of total imports. The United Arab Emirates (X tons), South Korea (X tons) and Vietnam (X tons) took a little share of total imports.

From 2012 to 2023, average annual rates of growth with regard to iodine imports into China stood at X%. At the same time, Vietnam (X%), the United Arab Emirates (X%), India (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2023. China (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported iodine in Asia, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in China totaled X%. In the other countries, the average annual rates were as follows: India (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2023, the import price in Asia amounted to $X per ton, growing by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2022 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform