Borates; Peroxoborates (Perborates) Price in Bangladesh - 2022
Contents:
- Borates; Peroxoborates (Perborates) Price in Bangladesh (CIF) - 2022
- Borates; Peroxoborates (Perborates) Imports in Bangladesh
Borates; Peroxoborates (Perborates) Price in Bangladesh (CIF) - 2022
The average borates; peroxoborates (perborates) import price stood at $1,095 per ton in 2022, rising by 37% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($3,089 per ton), while the price for Malaysia ($469 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Borates; Peroxoborates (Perborates) Imports in Bangladesh
After three years of growth, overseas purchases of borates; peroxoborates (perborates)s decreased by -19.3% to 3.9K tons in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +8.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +27.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 40% against the previous year. As a result, imports reached the peak of 4.8K tons, and then reduced rapidly in the following year.
In value terms, borates; peroxoborates (perborates) imports expanded significantly to $4.3M in 2022. In general, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 65% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Borates; Peroxoborates (Perborates) in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 518 | 730 | 1,273 | 957 | 22.7% |
| Italy | 647 | 651 | 851 | 855 | 9.7% |
| Turkey | 366 | 403 | 580 | 639 | 20.4% |
| Argentina | 145 | 194 | 337 | 601 | 60.6% |
| Peru | 24.5 | 48.9 | 199 | 411 | 156.0% |
| Malaysia | 250 | 85.6 | 267 | 269 | 2.5% |
| China | 49.7 | 76.1 | 91.9 | 254 | 72.2% |
| Others | 164 | 150 | 266 | 292 | 21.2% |
| Total | 2,165 | 2,339 | 3,865 | 4,279 | 25.5% |
Top Suppliers of Borates; Peroxoborates (Perborates) to Bangladesh in 2022:
- United States (1078.3 tons)
- Turkey (740.2 tons)
- Malaysia (574.7 tons)
- China (421.1 tons)
- Argentina (372.9 tons)
- Italy (276.7 tons)
- Peru (276.0 tons)
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