Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Kuwait - 2022
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Kuwait (CIF) - 2022
- Imports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Kuwait
Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Kuwait (CIF) - 2022
In 2022, the average import price for borates; disodium tetraborate (refined borax), anhydroi amounted to $912 per ton, approximately equating the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for borates; disodium tetraborate (refined borax), anhydroi increased by +98.9% against 2015 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 26% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($907 per ton), while the price for the UK totaled $906 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.1%).
Imports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Kuwait
In 2022, imports of borates; disodium tetraborate (refined borax), anhydroi into Kuwait dropped notably to 2.5 tons, waning by -61.2% compared with 2021. In general, imports showed a precipitous shrinkage. The smallest decline of -42.7% was in 2020.
In value terms, imports of borates; disodium tetraborate (refined borax), anhydroi contracted sharply to $2.2K in 2022. Over the period under review, imports saw a precipitous contraction. The smallest decline of -37.4% was in 2020.
| Import of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | N/A | 1.6 | 0% |
| United Kingdom | 13.8 | 8.8 | 5.5 | 0.6 | -64.8% |
| India | 0.7 | 0.3 | 0.2 | N/A | -46.5% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 14.6 | 9.1 | 5.7 | 2.2 | -46.8% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Anhydrous to Kuwait in 2022:
- Germany (1786.0 kg)
- United Kingdom (669.0 kg)
- India (9.0 kg)
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