In 2023, the U.S. imported approximately 4.37 million kilograms of iodine. Forecasted imports show a consistent decrease to 4.31 million kilograms in 2024 and further decline to 4.05 million kilograms by 2028. This indicates a steady decrease with an estimated average annual drop of 1.5% over five years.
Future trends to watch include:
- Potential reduction in demand due to technological advances in alternatives to iodine.
- Impact of geopolitical factors on the production and supply of iodine.
- Incremental investments in domestic production capabilities as a response to import fluctuations.