Chile dominates the global iodine export market with a 55.89% share, driven by a 4.16% growth in 2023. Belgium (18.04%) and Japan (12.67%) are significant players, both showing strong year-on-year growth. The U.S. experienced a decline of 2.14% in 2023, while emerging exporters like Australia and New Zealand showed robust growth of 8.72% and 160.43% respectively. Smaller markets such as Denmark and Malaysia saw significant reductions, with declines of 28.68% and 25.26% respectively, indicating regional market volatility.
Looking ahead, shifts in production technology, regulatory changes, and evolving demand will shape future trends. Close attention is needed on potential market share gains by advancing players like India and Azerbaijan, and the role of innovation in production techniques in sustaining Chile's lead.
Top countries in Export of Iodine Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Chile | 55.89 | 2023 | +1.16% | +4.16% | View data |
| 2 | 2 Belgium | 18.04 | 2023 | +1.93% | +1.21% | View data |
| 3 | 3 Japan | 12.67 | 2023 | +1.09% | +2.65% | View data |
| 4 | 4 Netherlands | 3.62 | 2023 | +3.83% | +3.5% | View data |
| 5 | 5 United States | 2.68 | 2023 | -1.38% | -2.14% | View data |
| 6 | 6 Singapore | 1.95 | 2023 | +5.26% | +5.54% | View data |
| 7 | 7 India | 0.64 | 2023 | +1.85% | +2.13% | View data |
| 8 | 8 Azerbaijan | 0.59 | 2023 | +1.97% | +5.31% | View data |
| 9 | 9 United Kingdom | 0.49 | 2023 | -2.48% | -2.29% | View data |
| 10 | 10 United Arab Emirates | 0.45 | 2023 | +2.62% | -2.4% | View data |
