Borates; Peroxoborates (Perborates) Price in Tanzania - 2022

Contents:

  1. Borates; Peroxoborates (Perborates) Price in Tanzania (CIF) - 2022
  2. Borates; Peroxoborates (Perborates) Price in Tanzania (FOB) - 2022
  3. Borates; Peroxoborates (Perborates) Imports in Tanzania
  4. Borates; Peroxoborates (Perborates) Exports in Tanzania

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

In 2022, the average borates; peroxoborates (perborates) import price amounted to $1,357 per ton, increasing by 9.3% against the previous year. In general, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.7% 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 +64.2% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 50% against the previous year. The import price peaked at $1,552 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($2,671 per ton), while the price for Spain ($1,152 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+31.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average borates; peroxoborates (perborates) export price amounted to $1,558 per ton, growing by 17% against the previous year. Over the period under review, the export price, however, recorded a noticeable slump. The pace of growth appeared the most rapid in 2018 when the average export price increased by 42% against the previous year. Over the period under review, the average export prices attained the maximum at $3,670 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Burundi ($6,800 per ton), while the average price for exports to Zimbabwe ($92 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 Burundi (+18.5%), while the prices for the other major destinations experienced mixed trend patterns.

Borates; Peroxoborates (Perborates) Imports in Tanzania

In 2022, imports of borates; peroxoborates (perborates)s into Tanzania surged to 790 tons, increasing by 446% on 2021 figures. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 516%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, borates; peroxoborates (perborates) imports surged to $1.1M in 2022. In general, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Borates; Peroxoborates (Perborates) in Tanzania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey1.070.152.3989896.3%
China19.246.223.057.143.8%
Spain18.539.240.30.5-70.0%
United States10.838.831.8N/A71.6%
Others9.888.632.225.537.5%
Total59.32831801,072162.5%

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

  1. Turkey (754.2 tons)
  2. China (21.4 tons)
  3. Spain (0.4 tons)

Borates; Peroxoborates (Perborates) Exports in Tanzania

In 2022, approx. 5.2 tons of borates; peroxoborates (perborates)s were exported from Tanzania; picking up by 1,248% on the previous year. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, borates; peroxoborates (perborates) exports surged to $8.1K in 2022. Overall, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Borates; Peroxoborates (Perborates) in Tanzania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Rwanda2.32.20.55.029.5%
ZambiaN/AN/AN/A2.20%
Burundi0.1N/AN/A0.8100.0%
Democratic Republic of the Congo0.40.1N/AN/A-75.0%
OthersN/AN/AN/AN/A0%
Total2.82.30.58.142.5%

Top Export Markets for Borates; Peroxoborates (Perborates) from Tanzania in 2022:

  1. Rwanda (4.0 tons)
  2. Zambia (1.0 tons)
  3. Burundi (0.1 tons)

Source: IndexBox Market Intelligence Platform

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