Borates; Peroxoborates (Perborates) Price in the United States - 2023
Contents:
- Borates; Peroxoborates (Perborates) Price in the United States (FOB) - 2023
- Borates; Peroxoborates (Perborates) Price in the United States (CIF) - 2023
- Borates; Peroxoborates (Perborates) Exports in the United States
- Borates; Peroxoborates (Perborates) Imports in the United States
Borates; Peroxoborates (Perborates) Price in the United States (FOB) - 2023
The average borates; peroxoborates (perborates) export price stood at $735 per ton in September 2023, almost unchanged from the previous month. Over the last twelve months, it increased at an average monthly rate of +1.4%. The pace of growth was the most pronounced in January 2023 an increase of 16% against the previous month. As a result, the export price reached the peak level of $780 per ton. From February 2023 to September 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Malaysia ($1,333 per ton), while the average price for exports to China ($696 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.
Borates; Peroxoborates (Perborates) Price in the United States (CIF) - 2023
The average borates; peroxoborates (perborates) import price stood at $630 per ton in September 2023, with a decrease of -66.4% against the previous month. In general, the import price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 266% month-to-month. As a result, import price attained the peak level of $2,019 per ton. From April 2023 to September 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($1,373 per ton), while the price for Turkey ($553 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 Turkey (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Borates; Peroxoborates (Perborates) Exports in the United States
In 2022, the amount of borates; peroxoborates (perborates)s exported from the United States rose significantly to 673K tons, surging by 5.9% against 2021 figures. The total export volume increased at an average annual rate of +2.5% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. 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 surged to $406M in 2022. The total export value increased at an average annual rate of +9.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Borates; Peroxoborates (Perborates) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 133 | 140 | 139 | 202 | 14.9% |
| Indonesia | 13.1 | 9.4 | 18.8 | 36.1 | 40.2% |
| Canada | 29.5 | 27.9 | 33.2 | 34.8 | 5.7% |
| India | 18.7 | 20.9 | 29.7 | 22.9 | 7.0% |
| Mexico | 16.1 | 18.7 | 21.0 | 22.5 | 11.8% |
| Malaysia | 18.5 | 10.8 | 15.2 | 15.5 | -5.7% |
| Japan | 14.9 | 13.6 | 14.5 | 14.0 | -2.1% |
| Netherlands | 12.6 | 18.3 | 6.3 | 12.3 | -0.8% |
| Others | 52.6 | 54.3 | 54.8 | 46.1 | -4.3% |
| Total | 309 | 314 | 332 | 406 | 9.5% |
Top Export Markets for Borates; Peroxoborates (Perborates) from the United States in 2022:
- China (358.6K tons)
- Indonesia (58.6K tons)
- Canada (51.5K tons)
- Malaysia (39.2K tons)
- Mexico (34.7K tons)
- India (33.6K tons)
- Netherlands (21.4K tons)
- Japan (18.6K tons)
Borates; Peroxoborates (Perborates) Imports in the United States
After three years of growth, overseas purchases of borates; peroxoborates (perborates)s decreased by -24.9% to 181K tons in 2022. The total import volume increased at an average annual rate of +1.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 34%. As a result, imports reached the peak of 241K tons, and then fell notably in the following year.
In value terms, borates; peroxoborates (perborates) imports fell to $97M in 2022. The total import value increased at an average annual rate of +6.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 41% against the previous year. As a result, imports attained the peak of $102M, and then reduced in the following year.
| Import of Borates; Peroxoborates (Perborates) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 59.3 | 58.7 | 82.7 | 67.9 | 4.6% |
| Slovenia | 3.2 | 0.3 | 1.9 | 4.2 | 9.5% |
| Others | 18.2 | 13.0 | 17.2 | 24.5 | 10.4% |
| Total | 80.7 | 72.0 | 102 | 96.6 | 6.2% |
Top Suppliers of Borates; Peroxoborates (Perborates) to the United States in 2022:
- Turkey (168.0K tons)
- Slovenia (4.8K tons)
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