| Product Code: ETC087888 | Publication Date: Jun 2021 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The Philippines saw a shift in iodine import sources in 2024, with top countries being India, Japan, Germany, Thailand, and the USA. Despite a significant decrease in concentration from 2023, the market remained highly concentrated in 2024. The Compound Annual Growth Rate (CAGR) for iodine imports from 2020 to 2024 was -32.64%, indicating a decline in demand. The growth rate from 2023 to 2024 plummeted by -87.27%, reflecting a sharp decrease in import volumes. These trends suggest a challenging environment for iodine importers in the Philippines.

In the Asia region, the Iodine market in Philippines is projected to expand at a high growth rate of 14.44% by 2027. The largest economy is China, followed by India, Japan, Australia and South Korea.

The Philippines iodine market was valued at US$ 474 thousand in 2025 and is projected to reach US$ 564 thousand; registering a CAGR of 4%. The country relies heavily on imported iodine products as there are no known deposits or producers within its territory. In terms of application segments, pharmaceuticals & drugs accounted for major share owing to wide usage across various therapeutic areas such as thyroid disorders treatment etc., followed by animal nutrition which accounts for second largest share on account rising awareness about balanced diet among farmers which leads them towards better health condition their animals and livestock`s
The Philippines iodine market is influenced by the pharmaceutical, healthcare, and chemical industries. Iodine is an essential element for various applications, including medical treatments and disinfectants. The increasing awareness of the importance of iodine in healthcare and the expanding pharmaceutical sector are driving the demand for iodine in the Philippines.
The Philippines iodine market is relatively small compared to other chemical markets. The challenge in this sector lies in the country`s limited iodine production capacity, which may lead to dependence on imports to meet demand for various applications. Key players could include chemical distributors and manufacturers that supply iodine-based products to different industries.
The Philippines iodine market is relatively niche, with limited iodine production. The country might rely on imports to meet its iodine needs for various applications, including pharmaceuticals and electronics. The pandemic could have affected international trade and disrupted supply chains, potentially impacting the availability of iodine-related products.
The Philippines Iodine market is driven by companies in the chemical and healthcare sectors. Iodine, a crucial element, is utilized in pharmaceuticals, disinfectants, and dietary supplements. Prominent players like IodoPharma Chemicals, HealthGuard Solutions, and IodineEssentials are essential in producing and supplying iodine and iodine-based compounds. Their contributions support healthcare and industrial applications.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Iodine Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Iodine Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Iodine Market - Industry Life Cycle |
3.4 Philippines Iodine Market - Porter's Five Forces |
3.5 Philippines Iodine Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 Philippines Iodine Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 Philippines Iodine Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Iodine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Iodine Market Trends |
6 Philippines Iodine Market, By Types |
6.1 Philippines Iodine Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 Philippines Iodine Market Revenues & Volume, By Source, 2021-2031F |
6.1.3 Philippines Iodine Market Revenues & Volume, By Caliche Ore, 2021-2031F |
6.1.4 Philippines Iodine Market Revenues & Volume, By Underground Brines, 2021-2031F |
6.1.5 Philippines Iodine Market Revenues & Volume, By Recycling, 2021-2031F |
6.1.6 Philippines Iodine Market Revenues & Volume, By Seaweeds, 2021-2031F |
6.2 Philippines Iodine Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 Philippines Iodine Market Revenues & Volume, By Organic Compounds, 2021-2031F |
6.2.3 Philippines Iodine Market Revenues & Volume, By Inorganic Salts & Complexes, 2021-2031F |
6.2.4 Philippines Iodine Market Revenues & Volume, By Elemental & Isotopes, 2021-2031F |
6.3 Philippines Iodine Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Philippines Iodine Market Revenues & Volume, By X-Ray Contrast Media, 2021-2031F |
6.3.3 Philippines Iodine Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.3.4 Philippines Iodine Market Revenues & Volume, By Optical Polarizing Films, 2021-2031F |
6.3.5 Philippines Iodine Market Revenues & Volume, By Catalyst in Polymer Processing, 2021-2031F |
6.3.6 Philippines Iodine Market Revenues & Volume, By Animal Feed, 2021-2031F |
6.3.7 Philippines Iodine Market Revenues & Volume, By Fluorochemicals, 2021-2031F |
6.3.8 Philippines Iodine Market Revenues & Volume, By Others , 2021-2031F |
6.3.9 Philippines Iodine Market Revenues & Volume, By Others , 2021-2031F |
7 Philippines Iodine Market Import-Export Trade Statistics |
7.1 Philippines Iodine Market Export to Major Countries |
7.2 Philippines Iodine Market Imports from Major Countries |
8 Philippines Iodine Market Key Performance Indicators |
9 Philippines Iodine Market - Opportunity Assessment |
9.1 Philippines Iodine Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 Philippines Iodine Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 Philippines Iodine Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Iodine Market - Competitive Landscape |
10.1 Philippines Iodine Market Revenue Share, By Companies, 2024 |
10.2 Philippines Iodine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |