Borates; Peroxoborates (Perborates) Price in Ecuador - 2022

Borates; Peroxoborates (Perborates) Price in Ecuador (CIF) - 2022

In January 2022, the average borates; peroxoborates (perborates) import price amounted to $677 per ton, surging by 23% against the previous month. Over the period under review, the import price continues to indicate a mild increase. The growth pace was the most rapid in February 2021 when the average import price increased by 295% against the previous month. As a result, import price attained the peak level of $2,277 per ton. From March 2021 to January 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In January 2022, the country with the highest price was the United States ($858 per ton), while the price for Turkey totaled $663 per ton.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Borates; Peroxoborates (Perborates) Price in Ecuador (FOB) - 2022

The average borates; peroxoborates (perborates) export price stood at $1,879 per ton in 2022, with an increase of 42% against the previous year. Overall, the export price, however, showed a pronounced descent. The pace of growth appeared the most rapid in 2013 an increase of 46% against the previous year. Over the period under review, the average export prices reached the maximum at $5,615 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Peru.

From 2012 to 2022, the rate of growth in terms of prices for Peru amounted to -7.4% per year.

Borates; Peroxoborates (Perborates) Imports in Ecuador

In 2022, approx. 1.4K tons of borates; peroxoborates (perborates)s were imported into Ecuador; declining by -38.1% compared with the previous year. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 316% against the previous year. As a result, imports attained the peak of 2.3K tons, and then reduced markedly in the following year.

In value terms, borates; peroxoborates (perborates) imports shrank remarkably to $903K in 2022. In general, imports, however, saw a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 264%. As a result, imports attained the peak of $1.4M, and then fell rapidly in the following year.

Import of Borates; Peroxoborates (Perborates) in Ecuador (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	109	136	616	516	67.9%
United States	356	176	613	238	-12.6%
Guatemala	26.0	11.9	50.1	35.1	10.5%
Chile	17.1	12.3	26.5	18.2	2.1%
Others	72.5	53.5	112	96.4	10.0%
Total	580	389	1,417	903	15.9%

Top Suppliers of Borates; Peroxoborates (Perborates) to Ecuador in 2022:

Turkey (842.1 tons)
United States (269.9 tons)
Guatemala (215.1 tons)
Chile (56.8 tons)

Borates; Peroxoborates (Perborates) Exports in Ecuador

In 2022, overseas shipments of borates; peroxoborates (perborates)s decreased by -58.9% to 23 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 273%. As a result, the exports attained the peak of 56 kg, and then dropped sharply in the following year.

In value terms, borates; peroxoborates (perborates) exports shrank remarkably to $44 in 2022. In general, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 393% against the previous year. As a result, the exports reached the peak of $74, and then fell sharply in the following year.