Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in the United States - 2023
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in the United States (FOB) - 2023
- Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in the United States (CIF) - 2022
- Exports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in the United States
- Imports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in the United States
Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in the United States (FOB) - 2023
In December 2023, the average export price for borates; disodium tetraborate (refined borax), anhydroi amounted to $1,124 per ton, declining by -2.8% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in March 2023 an increase of 22% m-o-m. Over the period under review, the average export prices attained the peak figure at $1,310 per ton in April 2023; however, from May 2023 to December 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In December 2023, the countries with the highest prices were Japan ($1,365 per ton) and Malaysia ($1,344 per ton), while the average price for exports to Belgium ($999 per ton) and India ($1,032 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in the United States (CIF) - 2022
In 2022, the average import price for borates; disodium tetraborate (refined borax), anhydroi amounted to $727 per ton, increasing by 14% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for borates; disodium tetraborate (refined borax), anhydroi increased by +68.9% against 2013 indices. The most prominent rate of growth was recorded in 2020 an increase of 22%. The import price peaked in 2022 and is likely to see gradual growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for Turkey.
From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +3.4% per year.
Exports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in the United States
In 2022, approx. 42K tons of borates; disodium tetraborate (refined borax), anhydroi were exported from the United States; shrinking by -11.7% against the previous year. In general, exports continue to indicate a abrupt curtailment. The smallest decline of -7.7% was in 2021.
In value terms, exports of borates; disodium tetraborate (refined borax), anhydroi rose modestly to $41M in 2022. Over the period under review, exports continue to indicate a slight curtailment.
| Export of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 21.2 | 12.0 | 17.0 | 17.0 | -7.1% |
| Mexico | 6.2 | 8.2 | 6.5 | 7.3 | 5.6% |
| Japan | 4.4 | 3.7 | 5.3 | 5.4 | 7.1% |
| Netherlands | 3.1 | 5.6 | 1.5 | 3.7 | 6.1% |
| Belgium | 0.1 | 1.3 | 1.0 | 1.8 | 162.1% |
| Malaysia | 1.2 | 1.1 | 1.2 | 1.6 | 10.1% |
| Australia | 0.8 | 1.1 | 1.4 | 1.3 | 17.6% |
| India | 0.9 | 1.0 | 0.9 | 0.8 | -3.9% |
| South Korea | 1.1 | 0.5 | 0.7 | 0.7 | -14.0% |
| Taiwan (Chinese) | 2.2 | 0.4 | 0.5 | 0.2 | -55.0% |
| Others | 2.4 | 3.2 | 3.6 | 1.6 | -12.6% |
| Total | 43.5 | 38.1 | 39.7 | 41.4 | -1.6% |
Top Export Markets for Borates; Disodium Tetraborate (Refined Borax), Anhydrous from the United States in 2022:
- China (17.0K tons)
- Mexico (6.9K tons)
- Japan (5.5K tons)
- Netherlands (4.9K tons)
- Belgium (2.0K tons)
- Malaysia (1.9K tons)
- Australia (1.0K tons)
- India (0.7K tons)
- South Korea (0.7K tons)
- Taiwan (Chinese) (0.2K tons)
Imports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in the United States
In 2022, imports of borates; disodium tetraborate (refined borax), anhydroi into the United States fell to 5.4K tons, waning by -10.7% on the previous year's figure. Over the period under review, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 132%.
In value terms, imports of borates; disodium tetraborate (refined borax), anhydroi rose to $3.9M in 2022. In general, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 114%.
| Import of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 5.2 | 1.6 | 3.6 | 3.6 | -11.5% |
| Others | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| Total | 5.4 | 1.8 | 3.9 | 3.9 | -10.3% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Anhydrous to the United States in 2022:
- Turkey (5.3K tons)
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