Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Azerbaijan - 2023

Contents:

  1. Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Azerbaijan (CIF) - 2022
  2. Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Azerbaijan

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

The average import price for borates; disodium tetraborate (refined borax), other than anhydroi stood at $912 per ton in 2022, rising by 7.1% against the previous year. Over the period under review, the import price showed a buoyant increase. The pace of growth was the most pronounced in 2016 an increase of 127%. As a result, import price attained the peak level of $1,728 per ton. From 2017 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Turkey.

From 2012 to 2022, the rate of growth in terms of prices for Iran amounted to +6.5% per year.

Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Azerbaijan

After three years of growth, supplies from abroad of borates; disodium tetraborate (refined borax), other than anhydroi decreased by -2.1% to 77 tons in 2022. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 180% against the previous year. As a result, imports attained the peak of 78 tons, and then shrank slightly in the following year.

In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi totaled $70K in 2022. Overall, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 134% against the previous year. 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), Other than Anhydrous in Azerbaijan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey28.528.565.868.534.0%
Others0.70.10.81.426.0%
Total29.228.566.769.933.8%

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

  1. Turkey (76.3 tons)

Source: IndexBox Market Intelligence Platform

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