Updated Nov 4, 2022 18:51

Market for Chlorates, Bromates And Iodates in Eastern Europe

Market Overview
The East European chlorates, bromates and iodates market reduced to $ in , falling 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, however, showed a slight downturn. Over the period under review, the market attained the maximum level at $ in 2007; however, from 2008 to , consumption remained at a lower figure.

In value terms, chlorates, bromates and iodates production declined to $ in estimated in export price. Over the period under review, production saw a perceptible decrease. The most prominent rate of growth was recorded in when the production volume increased by %. Over the period under review, production attained the maximum level at $ in 2007; however, from 2008 to , production stood at a somewhat lower figure.

The countries with the highest volumes of production in were Romania ( tons), the Czech Republic ( tons) and Hungary ( tons), together accounting for % of total production.

From 2007 to , the biggest increases were recorded for Romania (with a CAGR of +%), while production for the other leaders experienced a decline in the production figures.


Consumption
In , consumption of chlorates and perchlorates, bromates and perbromates, iodates and periodates increased by % to tons, rising for the third year in a row after four years of decline. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak volume of tons. From 2009 to , the growth of the consumption remained at a somewhat lower figure.

The value of the chlorates, bromates and iodates market in Eastern Europe contracted slightly to $ in , almost unchanged from 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, however, saw a mild setback. The level of consumption peaked at $ in 2007; however, from 2008 to , consumption failed to regain momentum.


Consumption by Country
The countries with the highest volumes of consumption in were Romania ( tons), the Czech Republic ( tons) and Hungary ( tons), together comprising % of total consumption. Russia, Belarus, Moldova and Lithuania lagged somewhat behind, together accounting for a further %.

From 2007 to , the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Russia (with a CAGR of +%), while consumption for the other leaders experienced mixed trends in the consumption figures.

In value terms, the largest chlorates, bromates and iodates markets in Eastern Europe were the Czech Republic ($), Romania ($) and Hungary ($), with a combined % share of the total market. These countries were followed by Belarus, Russia, Lithuania and Moldova, which together accounted for a further %.

Russia, with a CAGR of +%, recorded the highest rates of growth with regard to market size among the main consuming countries over the period under review, while market for the other leaders experienced mixed trends in the market figures.

From 2007 to , the average annual rate of growth in terms of the chlorates, bromates and iodates per capita consumption in No country was relatively modest.


Market Forecast
Driven by rising demand for chlorates, bromates and iodates in Eastern Europe, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase 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 .