Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in the UK - 2023
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in the UK (CIF) - 2022
- Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in the UK (FOB) - 2022
- Imports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in the UK
- Exports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in the UK
Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in the UK (CIF) - 2022
The average import price for borates; disodium tetraborate (refined borax), anhydroi stood at $1,211 per ton in 2022, surging by 12% against the previous year. Overall, the import price, however, continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2019 when the average import price increased by 56% against the previous year. As a result, import price attained the peak level of $1,801 per ton. From 2020 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bosnia and Herzegovina ($1,881 per ton), while the price for the Netherlands ($598 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.6%), while the prices for the other major suppliers experienced a decline.
Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in the UK (FOB) - 2022
The average export price for borates; disodium tetraborate (refined borax), anhydroi stood at $24,842 per ton in 2022, increasing by 247% against the previous year. Overall, the export price enjoyed a significant increase. The growth pace was the most rapid in 2018 when the average export price increased by 346%. The export price peaked in 2022 and is likely to see steady growth in the near future.
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 Bahrain ($10,754 per ton), while the average price for exports to the United Arab Emirates ($5,099 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 Ireland (+36.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in the UK
In 2022, the amount of borates; disodium tetraborate (refined borax), anhydroi imported into the UK skyrocketed to 390 tons, picking up by 117% on 2021 figures. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 208% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of borates; disodium tetraborate (refined borax), anhydroi skyrocketed to $473K in 2022. In general, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 236%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 162 | N/A | N/A | 308 | 23.9% |
| Bosnia and Herzegovina | N/A | N/A | N/A | 125 | 0% |
| Turkey | 52.6 | 36.1 | 105 | 36.4 | -11.5% |
| Netherlands | 82.2 | 5.8 | 0.6 | 3.7 | -64.4% |
| Belgium | 28.0 | 0.2 | 31.9 | N/A | 6.7% |
| Peru | N/A | N/A | 28.2 | N/A | 0% |
| China | N/A | N/A | 28.8 | N/A | 0% |
| Others | 26.9 | 15.9 | 0.3 | N/A | -89.4% |
| Total | 352 | 58.0 | 195 | 473 | 10.4% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Anhydrous to the UK in 2022:
- United States (270.0 tons)
- Bosnia and Herzegovina (66.4 tons)
- Turkey (48.0 tons)
- Netherlands (6.1 tons)
Exports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in the UK
Exports of borates; disodium tetraborate (refined borax), anhydroi from the UK soared to 5.8 tons in 2022, jumping by 52% against the previous year's figure. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 214%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of borates; disodium tetraborate (refined borax), anhydroi soared to $143K in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bahrain | N/A | N/A | N/A | 32.3 | 0% |
| Philippines | 6.0 | N/A | N/A | 13.5 | 31.0% |
| United Arab Emirates | N/A | N/A | N/A | 7.6 | 0% |
| Nigeria | N/A | 1.3 | N/A | N/A | 0% |
| Thailand | N/A | N/A | 4.0 | N/A | 0% |
| Belgium | 0.5 | 0.5 | 11.3 | N/A | 375.4% |
| Guinea | N/A | 5.4 | N/A | N/A | 0% |
| India | 1.3 | N/A | N/A | N/A | 0% |
| Others | 11.4 | 5.2 | 11.8 | 89.8 | 99.0% |
| Total | 19.2 | 12.5 | 27.1 | 143 | 95.3% |
Top Export Markets for Borates; Disodium Tetraborate (Refined Borax), Anhydrous from the UK in 2022:
- Bahrain (3.0 tons)
- United Arab Emirates (1.5 tons)
- Philippines (1.3 tons)
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