Borates; Peroxoborates (Perborates) Price in China - 2023
Contents:
- Borates; Peroxoborates (Perborates) Price in China (CIF) - 2023
- Borates; Peroxoborates (Perborates) Price in China (FOB) - 2022
- Borates; Peroxoborates (Perborates) Imports in China
- Borates; Peroxoborates (Perborates) Exports in China
Borates; Peroxoborates (Perborates) Price in China (CIF) - 2023
The average borates; peroxoborates (perborates) import price stood at $672 per ton in September 2023, with an increase of 4.4% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 12% month-to-month. As a result, import price attained the peak level of $721 per ton. From December 2022 to September 2023, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was the United States ($683 per ton), while the price for Turkey stood at $633 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (-0.2%).
Borates; Peroxoborates (Perborates) Price in China (FOB) - 2022
In 2022, the average borates; peroxoborates (perborates) export price amounted to $1,930 per ton, increasing by 37% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($2,765 per ton), while the average price for exports to Uzbekistan ($588 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.
Borates; Peroxoborates (Perborates) Imports in China
In 2022, approx. 787K tons of borates; peroxoborates (perborates)s were imported into China; shrinking by -3% against 2021. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +5.6% 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 +45.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 49%. As a result, imports reached the peak of 811K tons, and then dropped slightly in the following year.
In value terms, borates; peroxoborates (perborates) imports soared to $473M in 2022. In general, imports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 48% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.
| Import of Borates; Peroxoborates (Perborates) in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 159 | 97.2 | 227 | 322 | 26.5% |
| United States | 126 | 130 | 112 | 147 | 5.3% |
| Others | 3.4 | 3.2 | 3.4 | 4.8 | 12.2% |
| Total | 289 | 231 | 342 | 473 | 17.8% |
Top Suppliers of Borates; Peroxoborates (Perborates) to China in 2022:
- Turkey (518.0K tons)
- United States (266.8K tons)
Borates; Peroxoborates (Perborates) Exports in China
In 2022, exports of borates; peroxoborates (perborates)s from China dropped to 20K tons, reducing by -12.9% compared with the previous year. Over the period under review, exports showed a pronounced decrease. The pace of growth was the most pronounced in 2021 when exports increased by 15% against the previous year. As a result, the exports reached the peak of 23K tons, and then dropped in the following year.
In value terms, borates; peroxoborates (perborates) exports soared to $38M in 2022. The total export value increased at an average annual rate of +10.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Borates; Peroxoborates (Perborates) in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 1.7 | 1.6 | 2.0 | 5.1 | 44.2% |
| United States | 4.3 | 1.5 | 1.6 | 3.9 | -3.2% |
| Japan | 1.1 | 1.2 | 3.8 | 3.3 | 44.2% |
| South Korea | 2.0 | 2.9 | 4.1 | 2.5 | 7.7% |
| Brazil | 1.2 | 4.2 | 0.3 | 1.6 | 10.1% |
| Italy | 1.4 | 1.0 | 1.0 | 1.5 | 2.3% |
| India | 2.3 | 2.0 | 1.7 | 1.2 | -19.5% |
| Uzbekistan | 0.7 | 0.7 | 0.4 | 1.0 | 12.6% |
| Iran | 0.7 | 0.6 | 0.1 | 0.8 | 4.6% |
| Malaysia | 0.5 | 0.4 | 0.6 | 0.7 | 11.9% |
| Indonesia | 0.4 | 0.5 | 0.5 | 0.6 | 14.5% |
| Saudi Arabia | 0.3 | 0.1 | 0.2 | 0.5 | 18.6% |
| Vietnam | 0.2 | 0.4 | 0.7 | 0.5 | 35.7% |
| Others | 12.1 | 10.3 | 15.2 | 15.1 | 7.7% |
| Total | 28.8 | 27.4 | 32.1 | 38.3 | 10.0% |
Top Export Markets for Borates; Peroxoborates (Perborates) from China in 2022:
- Japan (1.9K tons)
- Russia (1.9K tons)
- Uzbekistan (1.7K tons)
- United States (1.6K tons)
- South Korea (1.0K tons)
- India (0.8K tons)
- Vietnam (0.7K tons)
- Iran (0.7K tons)
- Brazil (0.6K tons)
- Indonesia (0.6K tons)
- Malaysia (0.6K tons)
- Saudi Arabia (0.5K tons)
- Italy (0.5K tons)
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