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

Contents:

1. Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Denmark (CIF) - 2022
2. Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Denmark (FOB) - 2022
3. Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Denmark
4. Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Denmark

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

The average import price for borates; disodium tetraborate (refined borax), other than anhydroi stood at $537 per ton in 2022, jumping by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($1,000 per ton), while the price for Finland ($498 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+8.7%).

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

In 2021, the average export price for borates; disodium tetraborate (refined borax), other than anhydroi amounted to $1,150 per ton, falling by -88.1% against the previous year. Over the period under review, the export price faced a abrupt decline. The growth pace was the most rapid in 2014 when the average export price increased by 66%. Over the period under review, the average export prices attained the maximum at $9,686 per ton in 2020, and then fell sharply in the following year.

As there is only one major export destination, the average price level is determined by prices for Finland.

From 2012 to 2021, the rate of growth in terms of prices for Faroe Islands amounted to +32.7% per year.

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

In 2022, approx. 4.4K tons of borates; disodium tetraborate (refined borax), other than anhydroi were imported into Denmark; with a decrease of -3% against 2021. The total import volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 22% against the previous year. As a result, imports attained the peak of 4.5K tons, and then shrank modestly in the following year.

In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi soared to $2.4M in 2022. The total import value increased at an average annual rate of +8.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 21%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

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

1. Finland (3.5K tons)
2. Luxembourg (0.8K tons)

Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Denmark

After two years of growth, shipments abroad of borates; disodium tetraborate (refined borax), other than anhydroi decreased by -83.1% to 20 kg in 2021. Overall, exports showed a sharp decline. The pace of growth was the most pronounced in 2020 with an increase of 97%. As a result, the exports reached the peak of 118 kg, and then shrank remarkably in the following year.

In value terms, exports of borates; disodium tetraborate (refined borax), other than anhydroi dropped rapidly to $23 in 2021. In general, exports continue to indicate a sharp curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 222%. As a result, the exports reached the peak of $1.1K, and then dropped notably in the following year.

Top Export Markets for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous from Denmark in 2022:

1. Finland (20.0 kg)

Source: IndexBox Market Intelligence Platform