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Potassium iodide Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Potassium Iodide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Potassium Iodide Price Trend for the First Half of 2023

Asia

Potassium Iodide price trend fluctuated throughout, with a major downward inclination. Primarily attributed to the bearish demand sentiments, Potassium Iodide exhibited a poor performance. Potassium Iodide is mainly utilized in the pharma, chemical, biomedical, and personal care sectors, and these sectors buy their required feedstocks in advance. So, the inventories were piled with unused stocks. This, coupled with eased upstream and production situations, led to a slump in Potassium Iodide market trend.

Potassium iodide Price Trends and Forecast

Europe

The European market witnessed a mixed performance in Potassium Iodide prices in the said period. The first quarter was slow because the inflationary pressure had reduced, which in turn alleviated the upstream cost support. Moreover, the winter season posed fewer demands and further restricted the Potassium Iodide market growth. However, as the second quarter arrived, some oscillations were experienced in the consumption sectors. The demands grew feverishly and slightly shifted the Potassium Iodide trade momentum. Howbeit, the shift was temporary as soon the high stock levels again started dominating, and the prices turned south.

North America

The North American Potassium Iodide market was no different than other major markets in the first six months of the said year. The agrochemical and fertilizer markets were saturated and had grown unsustainably high in the previous year. So, Potassium Iodide prices continued to decline persistently during the discussed period.

Analyst Insight

According to Procurement Resource, the Potassium Iodide market is bound to fluctuate with the demands in the downstream industries. Inventory levels will also be influential. A mixed market response is expected.

Potassium Iodide Price Trend for the Second Half of 2022

Asia Pacific

The prices decreased for potassium iodide in the Asian-Pacific region over the said period. The abundant supply in the region exceeded demand and was the key reason for determining the market dynamics. The ongoing Russia-Ukraine crisis also led to several restrictions on trade and decreased the prices for the commodity. The potassium iodide market thus remained bearish as the momentum slowed down.

Europe

The European market declined in terms of potassium iodide prices. The market saw a gradual decline in demand, which was the primary factor for the decline in the third and fourth quarters. The region also saw stockpiling as a result of the disruption of supply-demand dynamics. The Russia-Ukraine crisis further worsen the situation and the quarters thus saw lowering utility costs and logistical challenges that negatively affected the price trend of potassium iodide.

North America

In the North American region, the prices of potassium iodide declined in the said period. Downstream purchases decreased as a result of the depressing trading situation in the regional market.  The stockpiles continued to increase in the third quarter and consumption fell along with disruption in the supply chain dynamics. The inflation rates also kept on rising and the consumers were thus reluctant to buy the commodity which eventually led to the decline in the prices.

Analyst Insight

The prices of Potassium Iodide are likely to be volatile during the coming month owing to the low demand and the baulking out of the buyers given the current unfolding financial crisis.

Potassium Iodide Price Trend For the First Half of 2022

Prices for potassium iodide have surged in the first half of 2022 as a result of an increase in demand for potassium iodide pills in the European region owing to the Russia-Ukraine war.

European consumers are hurrying to acquire iodine and potassium iodide pills, which help mitigate the effects of nuclear radiation exposure, while pharmacies in Finland, Norway, and Luxembourg are running low on stock.

Since the start of the Russian invasion, manufacturer inventories in the United States have decreased. As a result, the cost of Thyrosafe potassium iodide pills, sold in the US, has doubled. The company's potassium iodide products are in high demand in the European and North American pharmaceutical industries as well.

Procurement Resource provides latest prices of Potassium Iodide. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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About

Potassium iodide is a highly versatile metal halide used as a chemical, medication, and dietary supplement. As a medication, it treats hypothyroidism and protects the thyroid gland from radioactive radiation. It is included in the daily diet of patients suffering from iodine deficiency. KI is a white crystalline solid which is acutely toxic to aquatic life while being a common irritant to eyes and skin in humans.

Product Details

Report Features Details
Product Name Potassium iodide
HS CODE 28276010
CAS Number 7681-11-0
Industrial Uses Pharmaceuticals, Chemical Substrates, Solar Cells, Biomedical Research, Additives, Personal and Home Care
Chemical Formula KI
Synonyms Potassium salt of hydriodic acid
Molecular Weight 166 g/mol
Supplier Database Thermo Fisher Scientific Inc., Adani Pharmachem Private Limite, Nippoh Chemicals Co. Ltd, Godo Shigen Co. Ltd, Zibo Wankang Pharmaceutical Chemical Co. Ltd.
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

  • Potassium iodide Production from Potassium Hydroxide

Potassium iodide is prepared by reacting iodine with a hot saturated potassium hydroxide solution. In this reaction, a product mixture containing potassium iodide, potassium iodate and water is obtained and is further subjected to varying separation techniques to get the desired potassium iodine.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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Subscribe to Unlock Access

  • Price Across Multiple Locations
  • Market Insights
  • Download Data in Excel Format
  • Short Term Price Forecasts
  • Prices of More than 400 Commodities and Utilities

Get in Touch With Us

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UNITED STATES

Phone:+1 307 363 1045

flag
INDIA

Phone: +91 1203185500

flag
UNITED KINGDOM

Phone: +44 7537 132103

Email: sales@procurementresource.com

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