Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Mexico - 2023
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Mexico (CIF) - 2023
- Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Mexico
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Mexico (CIF) - 2023
The average import price for borates; disodium tetraborate (refined borax), other than anhydroi stood at $642 per ton in August 2023, increasing by 2% against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 27% against the previous month. As a result, import price attained the peak level of $769 per ton. From March 2023 to August 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Turkey ($771 per ton), while the price for the United States totaled $627 per ton.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the United States (+0.9%).
Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Mexico
After three years of growth, supplies from abroad of borates; disodium tetraborate (refined borax), other than anhydroi decreased by -6.1% to 21K tons in 2022. The total import volume increased at an average annual rate of +4.0% 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 appeared the most rapid in 2021 when imports increased by 18% against the previous year. As a result, imports reached the peak of 22K tons, and then dropped in the following year.
In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi reduced to $11M in 2022. The total import value increased at an average annual rate of +9.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 35%. As a result, imports attained the peak of $12M, and then dropped modestly in the following year.
Import of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 7.9 | 8.4 | 11.5 | 11.2 | 12.3% |
Turkey | 0.7 | 0.3 | 0.2 | 0.3 | -24.6% |
Others | 0.1 | N/A | N/A | N/A | 0% |
Total | 8.7 | 8.7 | 11.7 | 11.5 | 9.7% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous to Mexico in 2022:
- United States (20.2K tons)
- Turkey (0.4K tons)
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