Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Spain - 2023
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Spain (CIF) - 2022
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Spain (FOB) - 2022
- Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Spain
- Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Spain
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Spain (CIF) - 2022
The average import price for borates; disodium tetraborate (refined borax), other than anhydroi stood at $450 per ton in 2022, rising by 11% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 40%. As a result, import price reached the peak level of $528 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($703 per ton), while the price for the United States ($349 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+0.1%), while the prices for the other major suppliers experienced a decline.
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Spain (FOB) - 2022
In 2022, the average export price for borates; disodium tetraborate (refined borax), other than anhydroi amounted to $742 per ton, increasing by 37% against the previous year. In general, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for borates; disodium tetraborate (refined borax), other than anhydroi increased by +82.4% against 2019 indices. Over the period under review, the average export prices reached the peak figure at $775 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($1,494 per ton), while the average price for exports to Luxembourg ($508 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 Germany (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Spain
Imports of borates; disodium tetraborate (refined borax), other than anhydroi into Spain contracted to 34K tons in 2022, stabilizing at the year before. Over the period under review, imports, however, showed a noticeable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 388% against the previous year. As a result, imports reached the peak of 34K tons, leveling off in the following year.
In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi rose markedly to $15M in 2022. Overall, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 318% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 10.4 | 1.0 | 11.5 | 13.5 | 9.1% |
| United States | 0.9 | 0.6 | 0.2 | 0.7 | -8.0% |
| Netherlands | N/A | 1.4 | 0.8 | 0.6 | -34.5% |
| Others | 0.2 | 0.3 | 1.3 | 0.5 | 35.7% |
| Total | 11.5 | 3.3 | 13.9 | 15.3 | 10.0% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous to Spain in 2022:
- Turkey (30.6K tons)
- United States (2.0K tons)
- Netherlands (0.8K tons)
Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Spain
In 2022, shipments abroad of borates; disodium tetraborate (refined borax), other than anhydroi decreased by -83.5% to 2K tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 1.8% against the previous year. As a result, the exports attained the peak of 23K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of borates; disodium tetraborate (refined borax), other than anhydroi contracted markedly to $1.4M in 2022. Overall, exports faced a sharp decline. The growth pace was the most rapid in 2020 with an increase of 5%. As a result, the exports attained the peak of $9.5M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 842 | 931 | 841 | 457 | -18.4% |
| Greece | 228 | 277 | 526 | 238 | 1.4% |
| Belgium | 245 | 185 | 50.7 | 140 | -17.0% |
| Switzerland | 83.3 | 40.1 | 48.7 | 107 | 8.7% |
| Egypt | 1.4 | 28.5 | 1.0 | 102 | 317.7% |
| Luxembourg | N/A | N/A | N/A | 66.4 | 0% |
| Algeria | 331 | 190 | 216 | 49.9 | -46.8% |
| France | 6,457 | 6,677 | 4,129 | 17.5 | -86.1% |
| Others | 879 | 1,187 | 597 | 268 | -32.7% |
| Total | 9,067 | 9,516 | 6,409 | 1,446 | -45.8% |
Top Export Markets for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous from Spain in 2022:
- Portugal (794.1 tons)
- Greece (334.5 tons)
- Luxembourg (130.7 tons)
- Belgium (124.8 tons)
- Switzerland (111.9 tons)
- Egypt (91.2 tons)
- Algeria (81.7 tons)
- France (27.5 tons)
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