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

Contents:

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

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

In 2022, the average export price for borates; disodium tetraborate (refined borax), other than anhydroi amounted to $464 per ton, picking up by 7.8% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 11% against the previous year. As a result, the export price attained the peak level of $526 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

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 Italy ($722 per ton), while the average price for exports to Slovenia ($423 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 Romania (+7.6%), 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 Luxembourg (CIF) - 2022

In 2022, the average import price for borates; disodium tetraborate (refined borax), other than anhydroi amounted to $3,834 per ton, with an increase of 13% against the previous year. Overall, the import price saw a remarkable increase. The growth pace was the most rapid in 2016 an increase of 348%. The import price peaked at $4,495 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 Australia ($4,929 per ton), while the price for Belgium ($1,626 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.8%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, overseas shipments of borates; disodium tetraborate (refined borax), other than anhydroi decreased by -9.9% to 34K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 36% against the previous year.

In value terms, exports of borates; disodium tetraborate (refined borax), other than anhydroi fell modestly to $16M in 2022. The total export value increased at an average annual rate of +10.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 25% against the previous year.

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

1. France (13.8K tons)
2. Belgium (7.1K tons)
3. Netherlands (5.6K tons)
4. Romania (2.3K tons)
5. Slovenia (2.2K tons)
6. Portugal (1.2K tons)
7. Denmark (0.8K tons)
8. Czech Republic (0.5K tons)

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

In 2022, approx. 617 kg of borates; disodium tetraborate (refined borax), other than anhydroi were imported into Luxembourg; growing by 4,646% against the year before. Over the period under review, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi soared to $2.4K in 2022. In general, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Australia (411.0 kg)
2. Belgium (171.0 kg)
3. Germany (34.0 kg)

Source: IndexBox Market Intelligence Platform