Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Hungary - 2023

Contents:

1. Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Hungary (FOB) - 2022
2. Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Hungary (CIF) - 2022
3. Exports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Hungary
4. Imports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Hungary

Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Hungary (FOB) - 2022

The average export price for borates; disodium tetraborate (refined borax), anhydroi stood at $5,771 per ton in 2022, reducing by -33.3% against the previous year. In general, the export price, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2021 an increase of 50% against the previous year. The export price peaked at $12,091 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($22,091 per ton), while the average price for exports to the Netherlands ($1,621 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+42.5%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Hungary (CIF) - 2022

The average import price for borates; disodium tetraborate (refined borax), anhydroi stood at $783 per ton in 2022, declining by -6.3% against the previous year. In general, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 30%. The import price peaked at $1,951 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($3,526 per ton), while the price for Poland amounted to $652 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.2%), while the prices for the other major suppliers experienced a decline.

Exports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Hungary

For the fourth year in a row, Hungary recorded growth in overseas shipments of borates; disodium tetraborate (refined borax), anhydroi, which increased by 87% to 402 kg in 2022. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 2,588% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of borates; disodium tetraborate (refined borax), anhydroi soared to $2.3K in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 3,941% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Borates; Disodium Tetraborate (Refined Borax), Anhydrous from Hungary in 2022:

1. Netherlands (256.0 kg)
2. Austria (83.0 kg)
3. Slovenia (40.0 kg)
4. Slovakia (11.0 kg)
5. Romania (6.0 kg)

Imports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Hungary

In 2022, overseas purchases of borates; disodium tetraborate (refined borax), anhydroi decreased by -97.1% to 1.7 tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a sharp decline. The pace of growth was the most pronounced in 2020 when imports increased by 4.6% against the previous year. As a result, imports attained the peak of 228 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of borates; disodium tetraborate (refined borax), anhydroi dropped rapidly to $1.3K in 2022. Over the period under review, imports recorded a dramatic decrease. The growth pace was the most rapid in 2020 with an increase of 11% against the previous year. As a result, imports reached the peak of $146K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Anhydrous to Hungary in 2022:

1. Poland (1638.0 kg)
2. Germany (76.0 kg)

Source: IndexBox Market Intelligence Platform