Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Italy - 2023

Contents:

1. Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Italy (CIF) - 2022
2. Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Italy (FOB) - 2022
3. Imports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Italy
4. Exports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Italy

Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Italy (CIF) - 2022

The average import price for borates; disodium tetraborate (refined borax), anhydroi stood at $887 per ton in 2022, increasing by 19% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $970 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($1,216 per ton), while the price for Turkey ($863 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.1%).

Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Italy (FOB) - 2022

In 2022, the average export price for borates; disodium tetraborate (refined borax), anhydroi amounted to $1,207 per ton, rising by 5.9% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible slump. The pace of growth was the most pronounced in 2014 an increase of 20% against the previous year. As a result, the export price attained the peak level of $1,558 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

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 Switzerland ($1,719 per ton), while the average price for exports to Hungary ($953 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 France (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Italy

Imports of borates; disodium tetraborate (refined borax), anhydroi into Italy expanded markedly to 3.5K tons in 2022, picking up by 10% on 2021. The total import volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of borates; disodium tetraborate (refined borax), anhydroi surged to $3.1M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +12.0% 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 +48.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Anhydrous to Italy in 2022:

1. Turkey (3208.6 tons)
2. Netherlands (142.4 tons)
3. Poland (105.8 tons)

Exports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Italy

In 2022, the amount of borates; disodium tetraborate (refined borax), anhydroi exported from Italy soared to 286 tons, growing by 142% on the year before. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 240%. As a result, the exports attained the peak of 362 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 surged to $346K in 2022. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 284%. As a result, the exports attained the peak of $448K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Borates; Disodium Tetraborate (Refined Borax), Anhydrous from Italy in 2022:

1. Sweden (159.6 tons)
2. Germany (61.8 tons)
3. Switzerland (23.9 tons)
4. Hungary (22.8 tons)
5. France (14.1 tons)

Source: IndexBox Market Intelligence Platform