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

Contents:

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

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

In 2022, the average export price for borates; disodium tetraborate (refined borax), other than anhydroi amounted to $680 per ton, increasing by 22% against the previous year. Overall, the export price enjoyed a modest increase. Over the period under review, the average export prices hit record highs at $1,033 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Lithuania ($696 per ton) and Poland ($691 per ton), while the average price for exports to Luxembourg ($520 per ton) and Finland ($521 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+1.4%), while the prices for the other major destinations experienced a decline.

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

The average import price for borates; disodium tetraborate (refined borax), other than anhydroi stood at $445 per ton in 2022, declining by -5.6% against the previous year. Overall, the import price saw a pronounced contraction. The most prominent rate of growth was recorded in 2013 an increase of 21% against the previous year. As a result, import price attained the peak level of $842 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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 Finland ($653 per ton), while the price for Turkey totaled $428 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-3.8%).

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

In 2022, after three years of growth, there was significant decline in overseas shipments of borates; disodium tetraborate (refined borax), other than anhydroi, when their volume decreased by -22.1% to 4.1K tons. Over the period under review, exports, however, showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 378%. As a result, the exports attained the peak of 5.2K tons, and then declined markedly in the following year.

In value terms, exports of borates; disodium tetraborate (refined borax), other than anhydroi reduced to $2.8M in 2022. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 327%. As a result, the exports attained the peak of $2.9M, and then shrank in the following year.

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

1. Poland (3303.3 tons)
2. Lithuania (476.2 tons)
3. Luxembourg (206.9 tons)
4. Finland (71.8 tons)

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

In 2022, imports of borates; disodium tetraborate (refined borax), other than anhydroi into Latvia declined to 4.9K tons, shrinking by -12.6% compared with 2021 figures. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 333%. As a result, imports reached the peak of 5.6K tons, and then declined in the following year.

In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi dropped notably to $2.2M in 2022. Over the period under review, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 256%. As a result, imports reached the peak of $2.7M, and then declined sharply in the following year.

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

1. Turkey (4.9K tons)

Source: IndexBox Market Intelligence Platform