Borates; Peroxoborates (Perborates) Price in Egypt - 2023
Contents:
- Borates; Peroxoborates (Perborates) Price in Egypt (CIF) - 2022
- Borates; Peroxoborates (Perborates) Price in Egypt (FOB) - 2023
- Borates; Peroxoborates (Perborates) Imports in Egypt
- Borates; Peroxoborates (Perborates) Exports in Egypt
Borates; Peroxoborates (Perborates) Price in Egypt (CIF) - 2022
In 2021, the average borates; peroxoborates (perborates) import price amounted to $545 per ton, growing by 15% against the previous year. Over the period under review, the import price, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2015 when the average import price increased by 29% against the previous year. Over the period under review, average import prices attained the peak figure at $944 per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($1,373 per ton), while the price for the United States ($464 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.8%), while the prices for the other major suppliers experienced a decline.
Borates; Peroxoborates (Perborates) Price in Egypt (FOB) - 2023
The average borates; peroxoborates (perborates) export price stood at $730 per ton in June 2023, remaining stable against the previous month. In general, the export price recorded strong growth. The export price peaked in June 2023.
As there is only one major export destination, the average price level is determined by prices for Libya.
From March 2023 to June 2023, the rate of growth in terms of prices for Libya amounted to +7.4% per month.
Borates; Peroxoborates (Perborates) Imports in Egypt
In 2022, overseas purchases of borates; peroxoborates (perborates)s decreased by -26.7% to 3.6K tons, falling for the second consecutive year after two years of growth. Over the period under review, total imports indicated a notable expansion from 2019 to 2022: its volume increased at an average annual rate of +2.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -35.0% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 65% against the previous year. As a result, imports reached the peak of 5.6K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, borates; peroxoborates (perborates) imports declined sharply to $2.3M in 2022. The total import value increased at an average annual rate of +5.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 34% against the previous year.
| Import of Borates; Peroxoborates (Perborates) in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Turkey | 1,494 | 2,060 | 1,860 | 11.6% | |
| United States | 5.3 | 118 | 527 | 897.2% | |
| India | 0.2 | 7.1 | 161 | 2737.3% | |
| China | 106 | 11.0 | 133 | 12.0% | |
| Others | 362 | 446 | 23.5 | -74.5% | |
| Total | 1,968 | 2,642 | 2,704 | 17.2% | |
Top Suppliers of Borates; Peroxoborates (Perborates) to Egypt in 2022:
- Turkey (3225.7 tons)
- United States (1135.7 tons)
- China (201.1 tons)
- India (117.2 tons)
Borates; Peroxoborates (Perborates) Exports in Egypt
In 2022, exports of borates; peroxoborates (perborates)s from Egypt soared to 1.4 tons, growing by 194% against the previous year. Overall, exports, however, continue to indicate a drastic downturn.
In value terms, borates; peroxoborates (perborates) exports skyrocketed to $11K in 2022. Over the period under review, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Borates; Peroxoborates (Perborates) in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| Sudan | 1.1 | 1.6 | 45.5% | ||
| Others | 0.2 | N/A | 0% | ||
| Total | 1.3 | 1.6 | 23.1% | ||
Top Export Markets for Borates; Peroxoborates (Perborates) from Egypt in 2022:
- Sudan (3.0 tons)
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