Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in India - 2023
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in India (CIF) - 2022
- Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in India (FOB) - 2022
- Imports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in India
- Exports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in India
Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in India (CIF) - 2022
The average import price for borates; disodium tetraborate (refined borax), anhydroi stood at $1,147 per ton in 2022, growing by 12% against the previous year. In general, the import price posted a prominent expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 102%. The import price peaked in 2022 and is likely to see gradual growth in the near future.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($1,608 per ton), while the price for the United States ($1,073 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in India (FOB) - 2022
The average export price for borates; disodium tetraborate (refined borax), anhydroi stood at $3,459 per ton in 2022, falling by -12.8% against the previous year. In general, the export price, however, continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2013 an increase of 87% against the previous year. Over the period under review, the average export prices attained the maximum at $4,168 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($6,290 per ton), while the average price for exports to Nigeria ($948 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 the United Arab Emirates (+16.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in India
In 2022, approx. 1.8K tons of borates; disodium tetraborate (refined borax), anhydroi were imported into India; with an increase of 28% against 2021 figures. The total import volume increased at an average annual rate of +12.5% 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 41% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of borates; disodium tetraborate (refined borax), anhydroi skyrocketed to $2.1M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +16.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.6% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 212 | 517 | 464 | 1,080 | 72.1% |
| United States | 917 | 990 | 687 | 704 | -8.4% |
| Netherlands | 182 | 168 | 290 | 290 | 16.8% |
| Others | 3.2 | 46.3 | 12.1 | 10.0 | 46.2% |
| Total | 1,314 | 1,722 | 1,453 | 2,084 | 16.6% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Anhydrous to India in 2022:
- Turkey (979.2 tons)
- United States (655.4 tons)
- Netherlands (180.6 tons)
Exports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in India
In 2022, overseas shipments of borates; disodium tetraborate (refined borax), anhydroi decreased by -30.4% to 61 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 20% against the previous year. As a result, the exports reached the peak of 93 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of borates; disodium tetraborate (refined borax), anhydroi contracted remarkably to $210K in 2022. Overall, total exports indicated mild growth from 2019 to 2022: its value increased at an average annual rate of +1.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. As a result, the exports reached the peak of $345K, and then declined remarkably in the following year.
| Export of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 191 | 254 | 193 | 199 | 1.4% |
| Nigeria | N/A | N/A | N/A | 2.0 | 0% |
| Others | 6.6 | 4.7 | 153 | 8.9 | 10.5% |
| Total | 198 | 258 | 345 | 210 | 2.0% |
Top Export Markets for Borates; Disodium Tetraborate (Refined Borax), Anhydrous from India in 2022:
- United States (55.9 tons)
- Nigeria (2.1 tons)
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