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

Contents:

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

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

The average export price for borates; disodium tetraborate (refined borax), other than anhydroi stood at $1,205 per ton in 2022, rising by 87% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $1,206 per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($1,554 per ton), while the average price for exports to Uzbekistan ($810 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 Kazakhstan (+2.9%), while the prices for the other major destinations experienced a decline.

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

The average import price for borates; disodium tetraborate (refined borax), other than anhydroi stood at $1,027 per ton in 2022, shrinking by -10.3% against the previous year. In general, the import price, however, showed a strong increase. The most prominent rate of growth was recorded in 2021 an increase of 39%. As a result, import price reached the peak level of $1,145 per ton, and then reduced in the following year.

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 Germany ($3,517 per ton), while the price for Finland ($534 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+39.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

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 -78.3% to 861 tons. In general, exports showed a significant decline. The most prominent rate of growth was recorded in 2021 when exports increased by 30%. As a result, the exports attained the peak of 4K tons, and then reduced markedly in the following year.

In value terms, exports of borates; disodium tetraborate (refined borax), other than anhydroi dropped dramatically to $1M in 2022. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 21%. As a result, the exports attained the peak of $2.6M, and then contracted rapidly in the following year.

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

1. Kazakhstan (426.2 tons)
2. Uzbekistan (396.3 tons)
3. Ukraine (17.2 tons)

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

Imports of borates; disodium tetraborate (refined borax), other than anhydroi into Russia dropped markedly to 225 tons in 2022, reducing by -54.8% compared with 2021. Overall, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 89%. As a result, imports attained the peak of 498 tons, and then shrank dramatically in the following year.

In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi reduced markedly to $231K in 2022. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 162% against the previous year. As a result, imports reached the peak of $570K, and then contracted remarkably in the following year.

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

1. Poland (94.6 tons)
2. Finland (64.5 tons)
3. China (26.9 tons)
4. Hungary (21.5 tons)
5. Germany (16.6 tons)

Source: IndexBox Market Intelligence Platform