Companies Mentioned in the Report: Algorta Norte, K&O Iodine Co., Iochem, ACF Minera SA, Ise Chemicals Corporation, Britannica, GODO SHIGEN Co., Chiba Prefecture, RASA Industries, Reagents, Certified Safety Mfg, SAE Manufacturing Specialties Corp, Syndel, Alixirchem LLC, IodiTech, GFS Chemicals, Iofina Chemical, Air Products and Chemicals, AquaPhoenix Scientific, Spectrum Chemical Mfg. Corp., BariteWorld, Aldon Corporation, AIE Pharmaceuticals, A Brite Company, Espicorp Inc., All-Chemie, Chemlock Metals Corporation, Red Bird Supply
NEW YORK, March 24, 2022 (GLOBE NEWSWIRE) -- IndexBox has just published a new report: 'World – Iodine - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
Iodine Market Statistics
| Imports | 1,061.4 Million USD |
| Exports | 1,111.2 Million USD |
| Top Importers | China, Belgium, U.S. |
| Top Exporters | Chile, Belgium, Japan |
Iodine Production
Global iodine output expanded to 35K tonnes in 2021, picking up by 5% on 2020 figures. In value terms, production declined to $942M in 2021 estimated in export prices. REQUEST FREE DATA
The country with the largest volume of iodine production was Chile (22K tonnes), comprising approx. 63% of total volume. Moreover, iodine production in Chile exceeded the figures recorded by the second-largest producer, Japan (9K tonnes), twofold. The U.S. (1.1K tonnes), with a 3.3% share, took the third position in the ranking. REQUEST FREE DATA
Chile’s iodine production increased by +8.9% compared to the last year. Japan boosted iodine output by +1.4%, while production in the U.S. insignificantly dropped. REQUEST FREE DATA
Iodine Market Forecast 2020-2025
Driven by increasing demand for iodine worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.6% for the period from 2021 to 2030, which is projected to bring the market volume to 38K tonnes by the end of 2030.
Iodine Exports
In 2021, overseas shipments of iodine were finally on the rise to reach 36K tonnes after two years of decline. The total export volume increased at an average annual rate of +2.3% from 2007 to 2021. In value terms, iodine exports were estimated at $1.1B in 2021.
Exports by Country
Chile represented the main exporting country with the exports volume of around 18K tonnes, which accounted for 50% of total supplies. Belgium (7K tonnes) ranks second in the ranking with a 19% share, followed by Japan (14%) and the U.S. (5.1%). The Netherlands (1.3K tonnes) and Turkmenistan (0.7K tonnes) held a relatively small share of total volume.
In value terms, Chile ($602M) remains the largest iodine supplier worldwide, comprising 54% of global exports. Belgium ($206M), with a 19% share of total supplies, took the second position in the ranking. It was followed by Japan, with a 14% share.
In Chile, iodine exports expanded at an average annual rate of +4.2% over the period from 2007-2021. In the other countries, the average annual rates were as follows: Belgium (+9.1% per year) and Japan (+4.3% per year).
Iodine Export Prices by Country
In 2021, the average iodine export price amounted to $30,817 per tonne, falling by -5.2% against the previous year. Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Chile ($33,218 per tonne) and Japan ($29,792 per tonne), while Turkmenistan ($23,540 per tonne) and the U.S. ($27,912 per tonne) were amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was attained by Japan, while the other global leaders experienced more modest paces of growth.
Leading Iodine Importers
In 2021, China (6.7K tonnes), distantly followed by Belgium (4.1K tonnes), the U.S. (4.1K tonnes), Norway (3.5K tonnes), India (3.4K tonnes), Italy (1.9K tonnes) and Germany (1.7K tonnes) represented the largest importers of iodine, together mixing up 75% of total purchases. France (1.5K tonnes), the Netherlands (1K tonnes), Brazil (1K tonnes), the UK (0.9K tonnes) and Canada (0.9K tonnes) occupied a minor share of total volume.
In value terms, China ($202M), Belgium ($140M) and the U.S. ($134M) constituted the countries with the highest levels of imports in 2021, together accounting for 45% of global supplies.
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Product Coverage
Iodine.
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