Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Guatemala - 2023
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Guatemala (FOB) - 2023
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Guatemala (CIF) - 2023
- Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Guatemala
- Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Guatemala
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Guatemala (FOB) - 2023
In June 2023, the average export price for borates; disodium tetraborate (refined borax), other than anhydroi amounted to $808 per ton, approximately reflecting the previous month. Over the period from December 2022 to June 2023, it increased at an average monthly rate of +1.3%. The growth pace was the most rapid in January 2023 an increase of 16% against the previous month. As a result, the export price attained the peak level of $873 per ton. From February 2023 to June 2023, the the average export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In June 2023, the country with the highest price was Brazil ($811 per ton), while the average price for exports to Mexico totaled $755 per ton.
From December 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+77.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Guatemala (CIF) - 2023
In June 2023, the average import price for borates; disodium tetraborate (refined borax), other than anhydroi amounted to $775 per ton, approximately mirroring the previous month. Overall, the import price, however, recorded a mild increase. The growth pace was the most rapid in April 2023 when the average import price increased by 75% m-o-m. As a result, import price attained the peak level of $1,386 per ton. From May 2023 to June 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From January 2023 to June 2023, the rate of growth in terms of prices for Turkey amounted to +52.1% per month.
Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Guatemala
In 2022, exports of borates; disodium tetraborate (refined borax), other than anhydroi from Guatemala surged to 18K tons, increasing by 121% against the previous year. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 501%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of borates; disodium tetraborate (refined borax), other than anhydroi skyrocketed to $13M in 2022. Over the period under review, exports recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 444% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 146 | 290 | 3,092 | 9,681 | 304.8% |
| Mexico | 111 | 273 | 1,123 | 1,151 | 118.1% |
| Costa Rica | 4.5 | 45.7 | 46.1 | 1,055 | 516.6% |
| Nicaragua | 0.8 | 154 | 534 | 619 | 818.1% |
| Honduras | 11.7 | 18.8 | 205 | 246 | 176.0% |
| Dominican Republic | 129 | 123 | 154 | 22.3 | -44.3% |
| Others | 45.9 | 53.3 | 53.4 | 156 | 50.4% |
| Total | 449 | 957 | 5,208 | 12,931 | 206.5% |
Top Export Markets for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous from Guatemala in 2022:
- Brazil (14.1K tons)
- Mexico (1.5K tons)
- Costa Rica (1.2K tons)
- Nicaragua (0.8K tons)
- Honduras (0.3K tons)
Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Guatemala
In 2022, after three years of growth, there was significant decline in supplies from abroad of borates; disodium tetraborate (refined borax), other than anhydroi, when their volume decreased by -29% to 17K tons. Overall, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 407% against the previous year.
In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi contracted slightly to $12M in 2022. In general, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 250% against the previous year.
| Import of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 0.2 | 3.8 | 11.2 | 10.7 | 276.8% |
| United States | 0.3 | 0.3 | 0.9 | 1.0 | 49.4% |
| Malaysia | 0.6 | 0.1 | N/A | N/A | -83.3% |
| Others | 0.1 | N/A | 0.2 | N/A | 41.4% |
| Total | 1.2 | 4.2 | 12.2 | 11.7 | 113.6% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous to Guatemala in 2022:
- Turkey (15.4K tons)
- United States (1.2K tons)
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