Eastern Europe: Iodine Market 2024

Iodine Market Size in Eastern Europe

In 2022, the East European iodine market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption saw a abrupt downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Iodine Production in Eastern Europe

In value terms, iodine production surged to $X in 2022 estimated in export price. Overall, production, however, faced a dramatic curtailment. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Iodine Exports

Exports in Eastern Europe

In 2022, overseas shipments of iodine increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, iodine exports surged to $X in 2022. Over the period under review, exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Poland was the key exporter of iodine in Eastern Europe, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Belarus (X tons) and Romania (X tons), together creating a X% share of total exports. The following exporters - the Czech Republic (X tons) and Latvia (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to iodine exports from Poland stood at X%. At the same time, Romania (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, the Czech Republic (X%), Latvia (X%) and Belarus (X%) illustrated a downward trend over the same period. While the share of Poland (X p.p.), Belarus (X p.p.), Romania (X p.p.) and Latvia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Czech Republic (X p.p.) displayed negative dynamics.

In value terms, Poland ($X) emerged as the largest iodine supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Belarus ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Poland totaled X%. In the other countries, the average annual rates were as follows: Belarus (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price, however, recorded a slight decline. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (X%), while the other leaders experienced more modest paces of growth.

Iodine Imports

Imports in Eastern Europe

In 2022, imports of iodine in Eastern Europe dropped rapidly to X tons, with a decrease of X% on the year before. Over the period under review, imports recorded a mild reduction. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, iodine imports soared to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Russia was the key importer of iodine in Eastern Europe, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. Poland (X tons) ranks second in terms of the total imports with a X% share, followed by Belarus (X%). The following importers - Ukraine (X tons) and the Czech Republic (X tons) - each reached an X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to iodine imports into Russia stood at X%. At the same time, Belarus (X%) and Poland (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, the Czech Republic (X%) and Ukraine (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland and Belarus increased by X and X percentage points, respectively.

In value terms, Russia ($X) constitutes the largest market for imported iodine in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by Ukraine, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia totaled X%. In the other countries, the average annual rates were as follows: Poland (X% per year) and Ukraine (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price saw a modest increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Ukraine ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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