Price for Boron Oxide and Boric Acid in Tanzania - 2022
Contents:
- Price for Boron Oxide and Boric Acid in Tanzania (CIF) - 2022
- Price for Boron Oxide and Boric Acid in Tanzania (FOB) - 2022
- Imports of Boron Oxide and Boric Acid in Tanzania
- Exports of Boron Oxide and Boric Acid in Tanzania
Price for Boron Oxide and Boric Acid in Tanzania (CIF) - 2022
In 2022, the average import price for oxides of boron and boric acids amounted to $1,311 per ton, increasing by 15% against the previous year. In general, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.8% 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 +40.8% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 49% against the previous year. Over the period under review, average import prices attained the peak figure at $1,386 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat 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 India ($2,256 per ton), while the price for China ($918 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+16.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Boron Oxide and Boric Acid in Tanzania (FOB) - 2022
The average export price for oxides of boron and boric acids stood at $597 per ton in 2022, reducing by -18.4% against the previous year. Over the period under review, the export price faced a deep downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices attained the maximum at $2,732 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Burundi.
From 2012 to 2022, the rate of growth in terms of prices for Malawi amounted to -9.5% per year.
Imports of Boron Oxide and Boric Acid in Tanzania
In 2022, approx. 93 tons of oxides of boron and boric acids were imported into Tanzania; growing by 21% compared with the previous year. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +10.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.3% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 36%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, boron oxide and boric acid imports skyrocketed to $122K in 2022. In general, imports continue to indicate a strong expansion. The growth pace was the most rapid in 2021 when imports increased by 66%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of Boron Oxide and Boric Acid in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | N/A | N/A | 53.2 | 0% |
| India | 47.8 | 22.5 | 27.6 | 37.8 | -7.5% |
| China | 4.0 | 10.8 | 34.1 | 29.8 | 95.3% |
| Hong Kong SAR | 5.5 | N/A | N/A | N/A | 0% |
| Kenya | 9.9 | 9.0 | 14.8 | N/A | 22.3% |
| Others | 7.7 | 10.5 | 10.9 | 1.2 | -46.2% |
| Total | 74.9 | 52.8 | 87.4 | 122 | 17.7% |
Top Suppliers of Boron Oxide and Boric Acid to Tanzania in 2022:
- Turkey (43.3 tons)
- China (32.5 tons)
- India (16.8 tons)
Exports of Boron Oxide and Boric Acid in Tanzania
Boron oxide and boric acid exports from Tanzania reduced to 248 kg in 2022, falling by -11.1% compared with 2021. In general, exports continue to indicate a precipitous descent. The pace of growth was the most pronounced in 2021 when exports increased by 4.1%.
In value terms, boron oxide and boric acid exports fell sharply to $148 in 2022. Overall, exports continue to indicate a precipitous shrinkage. The smallest decline of -21.8% was in 2021.
| Export of Boron Oxide and Boric Acid in Tanzania (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Burundi | 401 | 76.0 | 42.0 | 148 | -28.3% |
| Malawi | 268 | 185 | 162 | N/A | -22.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 669 | 261 | 204 | 148 | -39.5% |
Top Export Markets for Boron Oxide and Boric Acid from Tanzania in 2022:
- Burundi (248.0 kg)
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