Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Bangladesh - 2022
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Bangladesh (CIF) - 2022
- Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Bangladesh
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Bangladesh (CIF) - 2022
The average import price for borates; disodium tetraborate (refined borax), other than anhydroi stood at $779 per ton in 2022, jumping by 46% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% 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), other than anhydroi increased by +69.7% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($1,691 per ton), while the price for India ($609 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+20.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Bangladesh
In 2022, purchases abroad of borates; disodium tetraborate (refined borax), other than anhydroi decreased by -4.3% to 2.1K tons, falling for the second consecutive year after two years of growth. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +12.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -7.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 54% against the previous year. As a result, imports attained the peak of 2.2K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi skyrocketed to $1.6M in 2022. In general, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 51%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 564 | 842 | 929 | 1,080 | 24.2% |
| China | 64.6 | 166 | 63.6 | 358 | 77.0% |
| United Arab Emirates | N/A | N/A | 106 | 102 | -3.8% |
| India | 26.3 | 2.0 | 39.4 | 49.3 | 23.3% |
| Others | 15.3 | 5.0 | 5.4 | 10.5 | -11.8% |
| Total | 670 | 1,015 | 1,143 | 1,600 | 33.7% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous to Bangladesh in 2022:
- United States (1566.0 tons)
- China (346.0 tons)
- India (81.0 tons)
- United Arab Emirates (60.2 tons)
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