Borates; Peroxoborates (Perborates) Price in Japan - 2023
Contents:
- Borates; Peroxoborates (Perborates) Price in Japan (CIF) - 2023
- Borates; Peroxoborates (Perborates) Price in Japan (FOB) - 2023
- Borates; Peroxoborates (Perborates) Imports in Japan
- Borates; Peroxoborates (Perborates) Exports in Japan
Borates; Peroxoborates (Perborates) Price in Japan (CIF) - 2023
In September 2023, the average borates; peroxoborates (perborates) import price amounted to $1,034 per ton, surging by 9.3% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.5%. The pace of growth was the most pronounced in December 2022 when the average import price increased by 15% m-o-m. The import price peaked in September 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Slovenia ($2,061 per ton), while the price for Turkey ($688 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Borates; Peroxoborates (Perborates) Price in Japan (FOB) - 2023
In September 2023, the average borates; peroxoborates (perborates) export price amounted to $4,703 per ton, dropping by -8.2% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 40% m-o-m. As a result, the export price reached the peak level of $6,213 per ton. From February 2023 to September 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Indonesia ($22,786 per ton), while the average price for exports to Taiwan (Chinese) ($2,775 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.
Borates; Peroxoborates (Perborates) Imports in Japan
In 2022, imports of borates; peroxoborates (perborates)s into Japan skyrocketed to 37K tons, with an increase of 22% on the previous year. The total import volume increased at an average annual rate of +6.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, borates; peroxoborates (perborates) imports skyrocketed to $28M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +12.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Borates; Peroxoborates (Perborates) in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 15.8 | 13.5 | 12.7 | 16.0 | 0.4% |
| Turkey | 1.8 | 1.5 | 4.8 | 8.9 | 70.4% |
| China | 1.1 | 1.4 | 1.4 | 1.9 | 20.0% |
| Others | 1.0 | 1.2 | 1.1 | 1.4 | 11.9% |
| Total | 19.8 | 17.5 | 19.9 | 28.2 | 12.5% |
Top Suppliers of Borates; Peroxoborates (Perborates) to Japan in 2022:
- United States (20.8K tons)
- Turkey (14.6K tons)
- China (1.0K tons)
Borates; Peroxoborates (Perborates) Exports in Japan
In 2022, borates; peroxoborates (perborates) exports from Japan dropped remarkably to 258 tons, shrinking by -18.5% on the previous year's figure. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 65%. As a result, the exports reached the peak of 316 tons, and then contracted significantly in the following year.
In value terms, borates; peroxoborates (perborates) exports declined dramatically to $1.1M in 2022. Over the period under review, exports recorded a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 30%.
| Export of Borates; Peroxoborates (Perborates) in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 326 | 337 | 595 | 500 | 15.3% |
| Indonesia | 107 | 69.6 | 120 | 152 | 12.4% |
| Thailand | 274 | 213 | 177 | 148 | -18.6% |
| Turkey | 239 | 80.5 | 43.0 | 55.4 | -38.6% |
| India | 24.8 | N/A | 40.0 | 52.0 | 28.0% |
| Taiwan (Chinese) | 52.9 | 51.7 | 45.1 | 48.9 | -2.6% |
| Singapore | 88.3 | 76.1 | 28.8 | 48.6 | -18.0% |
| South Korea | 184 | 59.7 | 66.7 | 35.3 | -42.3% |
| Others | 127 | 131 | 209 | 79.2 | -14.6% |
| Total | 1,422 | 1,018 | 1,325 | 1,119 | -7.7% |
Top Export Markets for Borates; Peroxoborates (Perborates) from Japan in 2022:
- China (112.5 tons)
- Indonesia (33.9 tons)
- Thailand (33.2 tons)
- India (19.6 tons)
- Singapore (18.0 tons)
- Taiwan (Chinese) (12.8 tons)
- Turkey (12.5 tons)
- South Korea (6.3 tons)
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