Iodine Market in Chile
Market Overview
In 
, after three years of growth, there was significant decline in the Chilean iodine market, when its value decreased by -% to $. In general, consumption saw a sharp decline. Iodine consumption peaked at $ in 2009; however, from 2010 to , consumption remained at a lower figure.
In value terms, iodine production expanded significantly to $ in estimated in export price. In general, production continues to indicate a mild downturn. The pace of growth was the most pronounced in 2012 with an increase of %. Iodine production peaked at $ in 2009; however, from 2010 to , production failed to regain momentum.
, after three years of growth, there was significant decline in the Chilean iodine market, when its value decreased by -% to $. In general, consumption saw a sharp decline. Iodine consumption peaked at $ in 2009; however, from 2010 to , consumption remained at a lower figure.In value terms, iodine production expanded significantly to $
in estimated in export price. In general, production continues to indicate a mild downturn. The pace of growth was the most pronounced in 2012 with an increase of %. Iodine production peaked at $ in 2009; however, from 2010 to , production failed to regain momentum.Consumption
In , consumption of iodine decreased by -% to tons for the first time since 2018, thus ending a three-year rising trend. In general, consumption continues to indicate a precipitous shrinkage. Over the period under review, consumption reached the maximum volume at tons in 2009; however, from 2010 to , consumption failed to regain momentum.
The size of the iodine market in Chile fell sharply to $ in , shrinking by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption faced a sharp curtailment. Iodine consumption peaked at $ in 2009; however, from 2010 to , consumption failed to regain momentum.
, consumption of iodine decreased by -% to tons for the first time since 2018, thus ending a three-year rising trend. In general, consumption continues to indicate a precipitous shrinkage. Over the period under review, consumption reached the maximum volume at tons in 2009; however, from 2010 to , consumption failed to regain momentum.The size of the iodine market in Chile fell sharply to $
in , shrinking by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption faced a sharp curtailment. Iodine consumption peaked at $ in 2009; however, from 2010 to , consumption failed to regain momentum.Market Forecast
Depressed by shrinking demand for iodine in Chile, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to kg by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to kg by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, imports of iodine in Chile were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for iodine.
Trade Balance
Chile remains a net exporter of iodine; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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