Price for Boron Oxide and Boric Acid in Lithuania - 2023

Contents:

  1. Price for Boron Oxide and Boric Acid in Lithuania (CIF) - 2022
  2. Price for Boron Oxide and Boric Acid in Lithuania (FOB) - 2022
  3. Imports of Boron Oxide and Boric Acid in Lithuania
  4. Exports of Boron Oxide and Boric Acid in Lithuania

Price for Boron Oxide and Boric Acid in Lithuania (CIF) - 2022

The average import price for oxides of boron and boric acids stood at $924 per ton in 2022, jumping by 27% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 81%. As a result, import price reached the peak level of $1,728 per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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 Spain ($2,194 per ton), while the price for Finland ($787 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (-0.0%), while the prices for the other major suppliers experienced a decline.

Price for Boron Oxide and Boric Acid in Lithuania (FOB) - 2022

The average export price for oxides of boron and boric acids stood at $1,303 per ton in 2022, dropping by -13.7% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 72% against the previous year. The export price peaked at $2,640 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($2,011 per ton), while the average price for exports to Russia ($1,006 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 Belarus (+20.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Boron Oxide and Boric Acid in Lithuania

In 2022, after three years of growth, there was significant decline in purchases abroad of oxides of boron and boric acids, when their volume decreased by -57.8% to 2.5K tons. In general, imports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 135%.

In value terms, boron oxide and boric acid imports declined sharply to $2.3M in 2022. Overall, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 125% against the previous year.

Import of Boron Oxide and Boric Acid in Lithuania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Latvia3112,1073,2661,67975.4%
Finland591263474211-29.1%
Poland256353241136-19.0%
Spain23.457.624713579.4%
Others11413850.11314.7%
Total1,2962,9194,2792,29220.9%

Top Suppliers of Boron Oxide and Boric Acid to Lithuania in 2022:

  1. Latvia (2011.0 tons)
  2. Finland (268.6 tons)
  3. Poland (103.1 tons)
  4. Spain (61.4 tons)

Exports of Boron Oxide and Boric Acid in Lithuania

In 2022, the amount of oxides of boron and boric acids exported from Lithuania declined notably to 21 tons, waning by -45.5% compared with the previous year. Over the period under review, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 1,017% against the previous year. As a result, the exports reached the peak of 39 tons, and then shrank remarkably in the following year.

In value terms, boron oxide and boric acid exports dropped dramatically to $28K in 2022. In general, exports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 539%. As a result, the exports attained the peak of $59K, and then dropped remarkably in the following year.

Export of Boron Oxide and Boric Acid in Lithuania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia10.75.20.117.116.9%
KazakhstanN/A0.20.36.0447.7%
Estonia0.51.81.80.921.6%
Latvia6.00.553.30.7-51.1%
Finland2.10.41.8N/A-7.4%
OthersN/A1.21.53.058.1%
Total19.39.258.927.712.8%

Top Export Markets for Boron Oxide and Boric Acid from Lithuania in 2022:

  1. Russia (17.0 tons)
  2. Kazakhstan (3.0 tons)
  3. Latvia (0.6 tons)
  4. Estonia (0.5 tons)

Source: IndexBox Market Intelligence Platform

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