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Sodium Iodide Price Trend Analysis 2026: Historical Prices, Supply Demand Analysis, Price Drivers, Latest News & Market Insights
Sodium Iodide Price Trend Q1 2024
In Q1 of 2024, the market behavior of sodium iodide across Asia, Europe, and North America was heavily influenced by varying factors. In Asia, particularly in China and India, sodium iodide prices were struggling for the most part due to a subdued demand outlook from key consuming sectors such as the pharmaceuticals and the medical equipment industries.
These sluggish demands were compounded with bulked-up inventories since the international demands were also facing a downturn. The domestic demands were regular as gauged by the incoming orders; therefore, the prices still had some positive cost support in the Asian region for the time being. In Europe, the supply chain difficulties and rising manufacturing costs crumbled down consumer sentiments. Stakeholders acquired a wait-and-watch approach in the region so as not to lose money.
This gap between the upstream and downstream outlooks widened to a point where some rise in downstream demands was also not helping the markets. Therefore, although demand remained modest, rising feedstock costs and surging energy and crude oil prices led to an increase in manufacturing, storage, and logistics expenses, forcing suppliers to raise sodium iodide prices to manage escalating upstream cost pressures.
Similarly, in North America, the market showed a mixed response, with prices influenced by regional and global political and economic uncertainties, which affected industrial activities. Despite these pressures, demand continued to play a crucial role in all regions, ultimately constraining market growth as it failed to pick up significantly, keeping the market avenues limited and pushing suppliers to adjust pricing strategies in response to cost fluctuations and external market forces.
Analyst Insight
According to Procurement Resource, not much change is anticipated in the sodium iodide prices going forward; the market is likely to waver around similar ranges.
Procurement Resource provides latest prices of Sodium 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 Sodium Iodide
Sodium iodide is a water-soluble ionic compound often used in medical, industrial, and scientific applications. In medicine, it's crucial for diagnostic radiology as a radioactive tracer and in treatments for thyroid conditions. It also plays a role in the synthesis of organic compounds and in radiation detection technology. Additionally, sodium iodide is used in the photographic industry and as an iodine supplement in animal feeds. Its antimicrobial properties make it useful in various chemical treatments as well.
Sodium Iodide Product Detail
Hs Code
28276020
Chemical Formula
NaI
Cas Number
7681-82-5
Molecular Weight
149.89 g/mol
Industrial Uses
Medical Imaging, Pharmaceuticals, Photographic Industry, Animal Nutrition, Organic Synthesis, Radiation Detection, Antimicrobial Treatments
Supplier Database
SQM SA, Iochem Corporation, COSAYACH, ISE CHEMICALS CORPORATION, Algorta Norte, Tocean Iodine Products, Boyuan Pharmaceutical&Chemical, Nanjing Taiye Chemical
Regional Coverage
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
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-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.
Sodium Iodide Production Process
- Sodium Iodide Production by the chemical reaction between hydroiodic acid and sodium hydroxide.
The preparation begins with the chemical reaction between sodium hydroxide and hydroiodic acid, which results in the production of sodium iodide as the end product, along with water as the byproduct. In this reaction, sodium carbonate can also be used as an alternative to sodium hydroxide to produce sodium iodide as the final product.
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