Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the UK - 2024
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the UK (CIF) - 2022
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the UK (FOB) - 2022
- Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the UK
- Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the UK
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the UK (CIF) - 2022
The average import price for borates; disodium tetraborate (refined borax), other than anhydroi stood at $498 per ton in 2022, surging by 17% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Turkey.
From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +0.9% per year.
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the UK (FOB) - 2022
The average export price for borates; disodium tetraborate (refined borax), other than anhydroi stood at $2,597 per ton in 2022, falling by -13.3% against the previous year. Overall, the export price, however, saw a slight increase. The growth pace was the most rapid in 2020 an increase of 238% against the previous year. Over the period under review, the average export prices hit record highs at $9,843 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($14,460 per ton), while the average price for exports to Australia ($1,295 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 Pakistan (+24.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the UK
Imports of borates; disodium tetraborate (refined borax), other than anhydroi into the UK dropped sharply to 20K tons in 2022, which is down by -26% on the previous year's figure. In general, imports continue to indicate a drastic downturn. The smallest decline of -2.9% was in 2020.
In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi dropped to $10M in 2022. Overall, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 1.1% against the previous year.
| Import of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 8.7 | 8.3 | 9.3 | 9.9 | 4.4% |
| Luxembourg | 3.0 | 3.0 | 2.0 | N/A | -18.4% |
| Others | 0.3 | 0.3 | 0.4 | 0.3 | 0.0% |
| Total | 12.0 | 11.6 | 11.8 | 10.2 | -5.3% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous to the UK in 2022:
- Turkey (20.4K tons)
Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the UK
In 2022, exports of borates; disodium tetraborate (refined borax), other than anhydroi from the UK surged to 151 tons, increasing by 90% compared with the previous year's figure. In general, exports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 132% against the previous year. 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 $391K in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +8.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.3 | 145 | 74.9 | 93.0 | 315.1% |
| Netherlands | N/A | N/A | 16.1 | 72.8 | 352.2% |
| Chile | N/A | N/A | 66.5 | 57.3 | -13.8% |
| Australia | N/A | N/A | 41.4 | 56.7 | 37.0% |
| France | 2.9 | 7.9 | 3.1 | 51.2 | 160.4% |
| Bahrain | N/A | N/A | N/A | 20.6 | 0% |
| New Zealand | N/A | N/A | N/A | 18.4 | 0% |
| Malaysia | 25.6 | N/A | N/A | N/A | 0% |
| Luxembourg | 251 | 55.2 | N/A | N/A | -78.0% |
| Others | 27.3 | 95.3 | 35.4 | 21.5 | -7.7% |
| Total | 308 | 303 | 237 | 391 | 8.3% |
Top Export Markets for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous from the UK in 2022:
- Australia (43.8 tons)
- Netherlands (40.2 tons)
- Chile (25.1 tons)
- France (14.9 tons)
- United States (11.8 tons)
- New Zealand (8.9 tons)
- Bahrain (2.7 tons)
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