Price for Boron Oxide and Boric Acid in Serbia - 2023
Contents:
- Price for Boron Oxide and Boric Acid in Serbia (FOB) - 2022
- Price for Boron Oxide and Boric Acid in Serbia (CIF) - 2022
- Exports of Boron Oxide and Boric Acid in Serbia
- Imports of Boron Oxide and Boric Acid in Serbia
Price for Boron Oxide and Boric Acid in Serbia (FOB) - 2022
In 2022, the average export price for oxides of boron and boric acids amounted to $1,246 per ton, dropping by -32% against the previous year. In general, the export price showed a abrupt decrease. The growth pace was the most rapid in 2018 when the average export price increased by 55%. Over the period under review, the average export prices attained the maximum at $3,612 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
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 Montenegro ($3,046 per ton), while the average price for exports to North Macedonia ($980 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 North Macedonia (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Boron Oxide and Boric Acid in Serbia (CIF) - 2022
In 2022, the average import price for oxides of boron and boric acids amounted to $1,323 per ton, picking up by 49% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.5% 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 +55.4% against 2019 indices. Over the period under review, average import prices hit record highs at $1,381 per ton in 2013; however, from 2014 to 2022, 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 Greece ($3,651 per ton), while the price for Turkey ($877 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-1.2%), while the prices for the other major suppliers experienced a decline.
Exports of Boron Oxide and Boric Acid in Serbia
In 2022, boron oxide and boric acid exports from Serbia soared to 367 tons, increasing by 1,998% against the previous year. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, boron oxide and boric acid exports skyrocketed to $457K in 2022. In general, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Boron Oxide and Boric Acid in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | N/A | N/A | N/A | 410 | 0% |
| Montenegro | 19.4 | 18.1 | 23.0 | 23.3 | 6.3% |
| Bulgaria | N/A | N/A | N/A | 9.9 | 0% |
| North Macedonia | 5.2 | N/A | 6.4 | 8.2 | 16.4% |
| Bosnia and Herzegovina | 2.7 | 1.2 | 2.6 | 4.4 | 17.7% |
| Others | N/A | N/A | N/A | 1.6 | 0% |
| Total | 27.3 | 19.3 | 32.1 | 457 | 155.8% |
Top Export Markets for Boron Oxide and Boric Acid from Serbia in 2022:
- Iran (336.7 tons)
- Bulgaria (10.0 tons)
- North Macedonia (8.4 tons)
- Montenegro (7.6 tons)
- Bosnia and Herzegovina (4.1 tons)
Imports of Boron Oxide and Boric Acid in Serbia
After three years of growth, supplies from abroad of oxides of boron and boric acids decreased by -54.3% to 49 tons in 2022. Over the period under review, imports saw a abrupt slump. The growth pace was the most rapid in 2020 with an increase of 33%.
In value terms, boron oxide and boric acid imports dropped notably to $65K in 2022. Overall, imports, however, recorded a modest expansion. The growth pace was the most rapid in 2020 when imports increased by 67%. As a result, imports reached the peak of $105K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Boron Oxide and Boric Acid in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 48.3 | 46.0 | 70.1 | 33.1 | -11.8% |
| Greece | 5.9 | 5.5 | 6.7 | 8.5 | 12.9% |
| United States | 3.7 | 43.5 | 13.2 | 8.3 | 30.9% |
| Italy | N/A | 3.7 | 0.1 | 4.3 | 7.8% |
| Others | 5.1 | 6.6 | 5.3 | 10.6 | 27.6% |
| Total | 62.9 | 105 | 95.4 | 64.7 | 0.9% |
Top Suppliers of Boron Oxide and Boric Acid to Serbia in 2022:
- Turkey (37.8 tons)
- United States (6.5 tons)
- Greece (2.3 tons)
- Italy (1.3 tons)
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