Borates; Peroxoborates (Perborates) Price in Thailand - 2023
Contents:
- Borates; Peroxoborates (Perborates) Price in Thailand (CIF) - 2023
- Borates; Peroxoborates (Perborates) Price in Thailand (FOB) - 2022
- Borates; Peroxoborates (Perborates) Imports in Thailand
- Borates; Peroxoborates (Perborates) Exports in Thailand
Borates; Peroxoborates (Perborates) Price in Thailand (CIF) - 2023
The average borates; peroxoborates (perborates) import price stood at $775 per ton in September 2023, falling by -10% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 an increase of 35% month-to-month. As a result, import price attained the peak level of $987 per ton. From December 2022 to September 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Malaysia ($813 per ton), while the price for Turkey ($697 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 (+0.7%), while the prices for the other major suppliers experienced a decline.
Borates; Peroxoborates (Perborates) Price in Thailand (FOB) - 2022
The average borates; peroxoborates (perborates) export price stood at $1,056 per ton in 2022, jumping by 31% against the previous year. Overall, the export price saw a modest expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 143%. As a result, the export price reached the peak level of $2,134 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Myanmar ($1,974 per ton), while the average price for exports to Lao People's Democratic Republic ($946 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 Cambodia (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Borates; Peroxoborates (Perborates) Imports in Thailand
In 2022, the amount of borates; peroxoborates (perborates)s imported into Thailand stood at 23K tons, remaining relatively unchanged against the previous year's figure. The total import volume increased at an average annual rate of +13.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 24%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, borates; peroxoborates (perborates) imports soared to $19M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +24.9% 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 +94.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Borates; Peroxoborates (Perborates) in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 2.0 | 2.8 | 6.1 | 9.2 | 66.3% |
| United States | 5.3 | 7.0 | 4.9 | 6.1 | 4.8% |
| China | 1.6 | 1.6 | 2.1 | 2.8 | 20.5% |
| Malaysia | 0.4 | 0.4 | 0.4 | 0.2 | -20.6% |
| Others | 0.7 | 0.7 | 1.2 | 1.1 | 16.3% |
| Total | 9.9 | 12.5 | 14.7 | 19.3 | 24.9% |
Top Suppliers of Borates; Peroxoborates (Perborates) to Thailand in 2022:
- Turkey (13.4K tons)
- United States (8.6K tons)
- China (0.3K tons)
- Malaysia (0.2K tons)
Borates; Peroxoborates (Perborates) Exports in Thailand
In 2022, approx. 507 tons of borates; peroxoborates (perborates)s were exported from Thailand; with an increase of 71% compared with the previous year's figure. In general, exports saw a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, borates; peroxoborates (perborates) exports skyrocketed to $536K in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Borates; Peroxoborates (Perborates) in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lao People's Democratic Republic | 191 | 194 | 214 | 454 | 33.5% |
| Myanmar | 4.3 | 11.6 | 5.0 | 25.7 | 81.5% |
| Vietnam | 56.5 | N/A | N/A | N/A | 0% |
| Others | 6.8 | 10.9 | 19.8 | 56.6 | 102.7% |
| Total | 258 | 216 | 238 | 536 | 27.6% |
Top Export Markets for Borates; Peroxoborates (Perborates) from Thailand in 2022:
- Vietnam (undefined tons)
- Lao People's Democratic Republic (479.2 tons)
- Myanmar (13.0 tons)
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