Iodine Market in Brazil
Market Overview
The Brazilian iodine market rose rapidly to $
in , growing 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). In general, the total consumption indicated a slight expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. As a result, consumption reached the peak level of $. From 2013 to , the growth of the market remained at a lower figure.
in , growing 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). In general, the total consumption indicated a slight expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. As a result, consumption reached the peak level of $. From 2013 to , the growth of the market remained at a lower figure.Consumption
In , iodine consumption in Brazil contracted notably to tons, which is down by -% compared with . Over the period under review, consumption saw a perceptible decline. Over the period under review, consumption hit record highs at tons in 2016; however, from 2017 to , consumption remained at a lower figure.
The value of the iodine market in Brazil expanded significantly to $ in , growing 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). In general, the total consumption indicated mild growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. As a result, consumption attained the peak level of $. From 2013 to , the growth of the market remained at a somewhat lower figure.
, iodine consumption in Brazil contracted notably to tons, which is down by -% compared with . Over the period under review, consumption saw a perceptible decline. Over the period under review, consumption hit record highs at tons in 2016; however, from 2017 to , consumption remained at a lower figure.The value of the iodine market in Brazil expanded significantly to $
in , growing 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). In general, the total consumption indicated mild growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. As a result, consumption attained the peak level of $. From 2013 to , the growth of the market remained at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for iodine in Brazil, 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 tons 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 tons 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
Iodine market in Brazil consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, Brazil relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand.
Trade Balance
Brazil remains a net importer of iodine; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
Download XLSX
Download all the data in the form of a report