Price for Boron Oxide and Boric Acid in Cameroon - 2022
Contents:
- Price for Boron Oxide and Boric Acid in Cameroon (CIF) - 2022
- Price for Boron Oxide and Boric Acid in Cameroon (FOB) - 2022
- Imports of Boron Oxide and Boric Acid in Cameroon
- Exports of Boron Oxide and Boric Acid in Cameroon
Price for Boron Oxide and Boric Acid in Cameroon (CIF) - 2022
In 2022, the average import price for oxides of boron and boric acids amounted to $1,746 per ton, with an increase of 16% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, boron oxide and boric acid import price increased by +35.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 61% against the previous year. The import price peaked at $2,022 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($6,900 per ton), while the price for the United States ($902 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+21.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Boron Oxide and Boric Acid in Cameroon (FOB) - 2022
In 2022, the average export price for oxides of boron and boric acids amounted to $6,865 per ton, standing approx. at the previous year. In general, the export price, however, continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by 46%. As a result, the export price reached the peak level of $6,961 per ton, and then dropped slightly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Congo ($11,986 per ton), while the average price for exports to Gabon stood at $172 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Congo (+15.8%).
Imports of Boron Oxide and Boric Acid in Cameroon
In 2022, overseas purchases of oxides of boron and boric acids decreased by -36.9% to 23 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 49% against the previous year. As a result, imports attained the peak of 49 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, boron oxide and boric acid imports declined markedly to $40K in 2022. In general, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 36% against the previous year. As a result, imports reached the peak of $63K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Boron Oxide and Boric Acid in Cameroon (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 36.9 | 45.8 | 44.3 | 27.9 | -8.9% |
| Netherlands | 8.2 | 13.9 | 6.3 | 4.5 | -18.1% |
| United States | 0.4 | 1.1 | 1.3 | 3.8 | 111.8% |
| Belgium | 0.3 | 0.6 | 0.5 | 1.4 | 67.1% |
| Others | 1.0 | 1.9 | 2.3 | 2.4 | 33.9% |
| Total | 46.8 | 63.4 | 54.6 | 40.0 | -5.1% |
Top Suppliers of Boron Oxide and Boric Acid to Cameroon in 2022:
- India (13.6 tons)
- United States (4.2 tons)
- Netherlands (4.0 tons)
- Belgium (0.8 tons)
Exports of Boron Oxide and Boric Acid in Cameroon
For the fourth year in a row, Cameroon recorded growth in shipments abroad of oxides of boron and boric acids, which increased by 1.9% to 3.8 tons in 2022. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 79%. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, boron oxide and boric acid exports reached $26K in 2022. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 160% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Boron Oxide and Boric Acid in Cameroon (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Congo | 6.1 | 9.9 | 7.7 | 26.0 | 62.1% |
| Gabon | 0.2 | 0.2 | 0.1 | 0.3 | 14.5% |
| Nigeria | N/A | N/A | 11.9 | N/A | 0% |
| Angola | N/A | N/A | 6.5 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 6.2 | 10.1 | 26.2 | 26.3 | 61.9% |
Top Export Markets for Boron Oxide and Boric Acid from Cameroon in 2022:
- Congo (2.2 tons)
- Gabon (1.7 tons)
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