Borates; Peroxoborates (Perborates) Price in New Zealand - 2023
Contents:
- Borates; Peroxoborates (Perborates) Price in New Zealand (CIF) - 2022
- Borates; Peroxoborates (Perborates) Price in New Zealand (FOB) - 2022
- Borates; Peroxoborates (Perborates) Imports in New Zealand
- Borates; Peroxoborates (Perborates) Exports in New Zealand
Borates; Peroxoborates (Perborates) Price in New Zealand (CIF) - 2022
In 2022, the average borates; peroxoborates (perborates) import price amounted to $953 per ton, jumping by 54% against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, borates; peroxoborates (perborates) import price increased by +79.9% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($1,242 per ton), while the price for the United States ($748 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Borates; Peroxoborates (Perborates) Price in New Zealand (FOB) - 2022
In 2022, the average borates; peroxoborates (perborates) export price amounted to $1,997 per ton, with an increase of 10% against the previous year. In general, the export price saw tangible growth. The most prominent rate of growth was recorded in 2018 an increase of 151%. As a result, the export price attained the peak level of $3,391 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Fiji.
From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +8.6% per year.
Borates; Peroxoborates (Perborates) Imports in New Zealand
After three years of growth, overseas purchases of borates; peroxoborates (perborates)s decreased by -16.7% to 3.1K tons in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +8.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +27.8% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 34%. As a result, imports reached the peak of 3.8K tons, and then declined dramatically in the following year.
In value terms, borates; peroxoborates (perborates) imports soared to $3M in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 45% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
Import of Borates; Peroxoborates (Perborates) in New Zealand (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 417 | 386 | 1,160 | 1,962 | 67.6% |
United States | 708 | 1,012 | 716 | 364 | -19.9% |
Malaysia | N/A | N/A | 99.9 | 298 | 198.3% |
Argentina | 23.8 | 63.9 | 44.0 | 186 | 98.4% |
China | 77.8 | 65.6 | 202 | 85.8 | 3.3% |
Others | 68.3 | 68.9 | 99.5 | 81.6 | 6.1% |
Total | 1,295 | 1,596 | 2,321 | 2,977 | 32.0% |
Top Suppliers of Borates; Peroxoborates (Perborates) to New Zealand in 2022:
- Turkey (2085.6 tons)
- United States (486.5 tons)
- Malaysia (240.0 tons)
- Argentina (206.2 tons)
- China (77.8 tons)
Borates; Peroxoborates (Perborates) Exports in New Zealand
In 2022, overseas shipments of borates; peroxoborates (perborates)s increased by 50% to 3.8 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, faced a dramatic downturn.
In value terms, borates; peroxoborates (perborates) exports surged to $7.5K in 2022. Overall, exports, however, faced a precipitous slump.
Export of Borates; Peroxoborates (Perborates) in New Zealand (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Fiji | 7.7 | 14.1 | 3.0 | 7.5 | -0.9% |
New Caledonia | 0.5 | N/A | 1.3 | N/A | 61.2% |
Australia | 8.3 | N/A | N/A | N/A | 0% |
Others | 0.7 | 0.2 | 0.2 | N/A | -46.5% |
Total | 17.2 | 14.3 | 4.5 | 7.5 | -24.2% |
Top Export Markets for Borates; Peroxoborates (Perborates) from New Zealand in 2022:
- Fiji (3.8 tons)
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