Borates; Peroxoborates (Perborates) Price in Australia - 2023

Contents:

1. Borates; Peroxoborates (Perborates) Price in Australia (CIF) - 2022
2. Borates; Peroxoborates (Perborates) Price in Australia (FOB) - 2022
3. Borates; Peroxoborates (Perborates) Imports in Australia
4. Borates; Peroxoborates (Perborates) Exports in Australia

Borates; Peroxoborates (Perborates) Price in Australia (CIF) - 2022

In 2022, the average borates; peroxoborates (perborates) import price amounted to $1,501 per ton, growing by 26% against the previous year. In general, the import price saw a resilient increase. The growth pace was the most rapid in 2020 when the average import price increased by 46% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($2,570 per ton), while the price for the United States ($1,161 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Borates; Peroxoborates (Perborates) Price in Australia (FOB) - 2022

In 2022, the average borates; peroxoborates (perborates) export price amounted to $25,307 per ton, surging by 23% against the previous year. Over the period under review, the export price enjoyed strong growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 95%. Over the period under review, the average export prices reached the peak figure at $37,328 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Gabon ($62,926 per ton), while the average price for exports to New Zealand ($2,360 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 Ireland (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Borates; Peroxoborates (Perborates) Imports in Australia

In 2022, overseas purchases of borates; peroxoborates (perborates)s increased by 20% to 4.7K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a sharp decline.

In value terms, borates; peroxoborates (perborates) imports skyrocketed to $7M in 2022. Overall, imports, however, continue to indicate a noticeable setback.

Top Suppliers of Borates; Peroxoborates (Perborates) to Australia in 2022:

1. United States (2724.1 tons)
2. Turkey (1025.5 tons)
3. China (247.8 tons)
4. Malaysia (196.0 tons)
5. Argentina (170.0 tons)
6. India (130.0 tons)

Borates; Peroxoborates (Perborates) Exports in Australia

In 2022, shipments abroad of borates; peroxoborates (perborates)s decreased by -1.4% to 172 tons, falling for the second consecutive year after two years of growth. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +18.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -5.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 75% against the previous year. As a result, the exports reached the peak of 181 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, borates; peroxoborates (perborates) exports soared to $4.4M in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 27% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Borates; Peroxoborates (Perborates) from Australia in 2022:

1. New Zealand (31.9 tons)
2. Belgium (15.1 tons)
3. United States (13.2 tons)
4. South Korea (10.5 tons)
5. Papua New Guinea (10.1 tons)
6. Peru (8.8 tons)
7. Germany (7.1 tons)
8. Canada (7.0 tons)
9. Ireland (7.0 tons)
10. Gabon (6.4 tons)
11. Vietnam (6.2 tons)
12. Indonesia (5.2 tons)
13. South Africa (4.5 tons)

Source: IndexBox Market Intelligence Platform