Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Colombia - 2022
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Colombia (CIF) - 2022
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Colombia (FOB) - 2022
- Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Colombia
- Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Colombia
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Colombia (CIF) - 2022
The average import price for borates; disodium tetraborate (refined borax), other than anhydroi stood at $540 per ton in February 2022, dropping by -6.9% against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in October 2021 an increase of 21% month-to-month. As a result, import price reached the peak level of $693 per ton. From November 2021 to February 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was Turkey ($1,180 per ton), while the price for the United States stood at $516 per ton.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Colombia (FOB) - 2022
The average export price for borates; disodium tetraborate (refined borax), other than anhydroi stood at $1,713 per ton in 2022, growing by 34% against the previous year. Over the period under review, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for borates; disodium tetraborate (refined borax), other than anhydroi increased by +94.9% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
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 Costa Rica ($5,743 per ton), while the average price for exports to Ecuador ($1,228 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 Costa Rica (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Colombia
Imports of borates; disodium tetraborate (refined borax), other than anhydroi into Colombia skyrocketed to 11K tons in 2022, growing by 22% compared with the previous year's figure. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +14.1% 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 increased by +59.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi soared to $8.4M in 2022. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 2.1 | 0.9 | 2.6 | 4.6 | 29.9% |
| United States | 1.5 | 2.1 | 1.7 | 3.1 | 27.4% |
| Bolivia | N/A | 0.1 | 0.3 | 0.3 | 73.2% |
| Argentina | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Others | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
| Total | 3.9 | 3.2 | 5.0 | 8.4 | 29.1% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous to Colombia in 2022:
- Turkey (5.5K tons)
- United States (4.3K tons)
- Bolivia (0.4K tons)
- Argentina (0.3K tons)
Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Colombia
In 2022, overseas shipments of borates; disodium tetraborate (refined borax), other than anhydroi increased by 2,614% to 19 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a dramatic shrinkage.
In value terms, exports of borates; disodium tetraborate (refined borax), other than anhydroi soared to $33K in 2022. Overall, exports, however, saw a precipitous setback.
| Export of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | 138 | 5.9 | 0.8 | 29.6 | -40.1% |
| Costa Rica | 2.9 | 1.8 | 0.1 | 1.7 | -16.3% |
| Ecuador | 0.7 | 0.5 | N/A | 0.8 | 4.6% |
| Others | 0.2 | 0.2 | N/A | 0.4 | 26.0% |
| Total | 141 | 8.4 | 0.9 | 32.5 | -38.7% |
Top Export Markets for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous from Colombia in 2022:
- Venezuela (18.0 tons)
- Ecuador (0.7 tons)
- Costa Rica (0.3 tons)
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