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

Contents:

  1. Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in the Philippines (CIF) - 2022
  2. Imports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in the Philippines

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

In 2022, the average import price for borates; disodium tetraborate (refined borax), anhydroi amounted to $2,648 per ton, increasing by 164% against the previous year. Over the period under review, the import price posted a remarkable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +3.7% per year.

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

In 2022, approx. 29 tons of borates; disodium tetraborate (refined borax), anhydroi were imported into the Philippines; which is down by -87.3% on 2021. Overall, imports showed a dramatic decrease. The smallest decline of -21.9% was in 2020.

In value terms, imports of borates; disodium tetraborate (refined borax), anhydroi fell dramatically to $76K in 2022. Over the period under review, imports faced a sharp curtailment. The smallest decline of -22.4% was in 2020.

Import of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in the Philippines (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China18117354.776.3-25.0%
Malaysia19266.868.4N/A-40.3%
United States14414177.3N/A-26.7%
Turkey27.952.225.3N/A-4.8%
Others15.41.71.3N/A-70.9%
Total56043522776.3-48.5%

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

  1. China (28.8 tons)

Source: IndexBox Market Intelligence Platform

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