Effect of Geopolitical Situation on Potassium Iodide Sale
DOI:
https://doi.org/10.47941/ijscl.1598Keywords:
Potassium Iodide, Geopolitics, Nuclear Incidents, Emergency Preparedness, Radiation Exposure, Geopolitical Dynamics.Abstract
This whitepaper explores the intricate relationship between geopolitical dynamics and the demand for potassium iodide (KI), a critical component of public health and emergency preparedness measures. KI serves as a safeguard against the adverse effects of radioactive iodine (RAI) exposure in the event of nuclear incidents. Geopolitical factors significantly influence the availability, accessibility, and trade regulations of KI, as demonstrated through case studies like the Russia-Ukraine conflict and historical nuclear accidents. International agreements, regulatory frameworks, and trade policies are key in shaping the KI market, with growing demand stemming from the nutraceutical and laboratory reagent sectors. While solid KI is the predominant market segment, there remains a challenge in the presence of iodine alternatives. Amidst the Russia-Ukraine war, KI demand has surged, depleting supplies and resulting in price gouging. Understanding these trends and the broader geopolitical impact on KI is essential to appreciate its critical role in safeguarding public health.
Downloads
References
Reuters, "Putin: Russia suspends participation in last remaining nuclear treaty with U.S.," Reuters, Feb. 21, 2023. [Online]. Available: https://www.reuters.com/world/europe/putin-russia-suspends-participation-last-remaining-nuclear-treaty-with-us-2023-02-21/. [Accessed: Oct. 25, 2023].
New York State Department, "Use of Potassium Iodide During Radiological Emergencies: Information for the Public," [Online]. Available: https://www.health.ny.gov/environmental/radiological/potassium_iodide/information_for_the_public.htm. [Accessed: Oct. 25, 2023].
Centers for Disease Control and Prevention, "Potassium Iodide (KI)," [Online]. Available: https://www.cdc.gov/nceh/radiation/emergencies/ki.htm. [Accessed: Oct. 25, 2023].
U.S. Food and Drug Administration, "Potassium Iodide as a Thyroid Blocking Agent in Radiation Emergencies," [Online]. Available: https://www.fda.gov/regulatory-information/search-fda-guidance-documents/potassium-iodide-thyroid-blocking-agent-radiation-emergencies. [Accessed: Oct. 25, 2023].
Technavio, "Potassium Iodide Market by Product Type, Application, and Geography - Forecast and Analysis 2023-2027."
T. Aeppel, "America's mask makers face post-pandemic meltdown," Reuters, May 11, 2021. [Online]. Available: https://www.reuters.com/business/healthcare-pharmaceuticals/americas-mask-makers-face-post-pandemic-meltdown-2021-05-11/. [Accessed: Oct. 25, 2023].
C. Stokel-Walker, "Why potassium iodide pills are suddenly in high demand," CNN, Mar. 14, 2022. [Online]. Available: https://edition.cnn.com/2022/03/14/business/potassium-iodide-pills-demand-surge/index.html. [Accessed: Oct. 25, 2023].
R. Morgan, "US-North Korea nuclear war fears lead to radiation pill boom," CNBC, Jan. 23, 2018. [Online]. Available: https://www.cnbc.com/2018/01/23/us-north-korea-nuclear-war-fears-lead-to-potassium-iodide-pill-boom.html. [Accessed: Oct. 25, 2023].
S. Enners, G. Gradl, M. Kieble, O. Iliescu, L. Freudewald, A. Said, and M. Schulz, "Increased Demand for Pharmaceutical Drugs Containing Potassium Iodide In Connection with the Russia-Ukraine Conflict," Pubmed, [Online]. Available: https://pubmed.ncbi.nlm.nih.gov/37138408/. [Accessed: Oct. 25, 2023].
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Vimalkumar Patel
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution (CC-BY) 4.0 License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
