Price for Boron Oxide and Boric Acid in Ethiopia - 2022
Contents:
- Price for Boron Oxide and Boric Acid in Ethiopia (CIF) - 2022
- Imports of Boron Oxide and Boric Acid in Ethiopia
Price for Boron Oxide and Boric Acid in Ethiopia (CIF) - 2022
In 2022, the average import price for oxides of boron and boric acids amounted to $1,858 per ton, increasing by 12% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% 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 +48.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 33%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the near future.
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 China ($3,193 per ton), while the price for Pakistan ($670 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Boron Oxide and Boric Acid in Ethiopia
In 2022, approx. 48 tons of oxides of boron and boric acids were imported into Ethiopia; which is down by -53.5% on the previous year. In general, imports continue to indicate a precipitous decrease. The pace of growth appeared the most rapid in 2021 with an increase of 6.6% against the previous year.
In value terms, boron oxide and boric acid imports reduced markedly to $89K in 2022. Over the period under review, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 42%. As a result, imports reached the peak of $170K, and then shrank sharply in the following year.
| Import of Boron Oxide and Boric Acid in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 137 | 54.4 | 93.0 | 78.8 | -16.8% |
| China | 7.3 | 4.2 | 0.3 | 5.7 | -7.9% |
| Turkey | 17.4 | 54.4 | 40.0 | 3.3 | -42.5% |
| Pakistan | 3.3 | 4.5 | 0.6 | 0.4 | -50.5% |
| Argentina | N/A | N/A | 26.1 | N/A | 0% |
| Others | 3.8 | 2.8 | 10.5 | 0.3 | -57.1% |
| Total | 169 | 120 | 170 | 88.5 | -19.4% |
Top Suppliers of Boron Oxide and Boric Acid to Ethiopia in 2022:
- India (41.1 tons)
- Turkey (3.5 tons)
- China (1.8 tons)
- Pakistan (0.7 tons)
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