Borates; Peroxoborates (Perborates) Price in the UK - 2023
Contents:
- Borates; Peroxoborates (Perborates) Price in the UK (CIF) - 2023
- Borates; Peroxoborates (Perborates) Price in the UK (FOB) - 2023
- Borates; Peroxoborates (Perborates) Imports in the UK
- Borates; Peroxoborates (Perborates) Exports in the UK
Borates; Peroxoborates (Perborates) Price in the UK (CIF) - 2023
The average borates; peroxoborates (perborates) import price stood at $3,073 per ton in August 2023, jumping by 372% against the previous month. Over the period under review, the import price continues to indicate a buoyant increase. The pace of growth was the most pronounced in October 2022 when the average import price increased by 695% against the previous month. Over the period under review, average import prices attained the maximum at $8,376 per ton in January 2023; however, from February 2023 to August 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($4,847 per ton), while the price for Malaysia ($1,223 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Turkey (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Borates; Peroxoborates (Perborates) Price in the UK (FOB) - 2023
In August 2023, the average borates; peroxoborates (perborates) export price amounted to $1,225 per ton, remaining relatively unchanged against the previous month. Overall, the export price, however, continues to indicate a abrupt setback. The pace of growth appeared the most rapid in June 2023 an increase of 149% m-o-m. The export price peaked at $4,711 per ton in February 2023; however, from March 2023 to August 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was New Zealand ($2,532 per ton), while the average price for exports to the Netherlands ($870 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
Borates; Peroxoborates (Perborates) Imports in the UK
For the third consecutive year, the UK recorded decline in overseas purchases of borates; peroxoborates (perborates)s, which decreased by -28.2% to 22K tons in 2022. Overall, imports showed a deep contraction. The smallest decline of -3.1% was in 2021.
In value terms, borates; peroxoborates (perborates) imports fell to $16M in 2022. Over the period under review, imports showed a perceptible decrease. The growth pace was the most rapid in 2021 when imports increased by 9.1%.
| Import of Borates; Peroxoborates (Perborates) in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 8.8 | 8.5 | 9.7 | 10.9 | 7.4% |
| China | 0.7 | 0.6 | 0.6 | 1.6 | 31.7% |
| Italy | 0.5 | 0.6 | 0.6 | 1.0 | 26.0% |
| Luxembourg | 5.6 | 3.8 | 3.5 | N/A | -20.9% |
| Others | 2.5 | 1.6 | 2.1 | 2.1 | -5.6% |
| Total | 18.2 | 15.1 | 16.5 | 15.6 | -5.0% |
Top Suppliers of Borates; Peroxoborates (Perborates) to the UK in 2022:
- Turkey (20.8K tons)
- China (0.4K tons)
- Italy (0.3K tons)
Borates; Peroxoborates (Perborates) Exports in the UK
In 2022, shipments abroad of borates; peroxoborates (perborates)s increased by 61% to 404 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total exports indicated notable growth from 2019 to 2022: its volume increased at an average annual rate of +2.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, borates; peroxoborates (perborates) exports skyrocketed to $1.4M in 2022. Overall, total exports indicated pronounced growth from 2019 to 2022: its value increased at an average annual rate of +2.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -2.4% against 2020 indices.
| Export of Borates; Peroxoborates (Perborates) in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 5.6 | 31.3 | 31.1 | 178 | 216.8% |
| Netherlands | 14.1 | 2.9 | 16.2 | 144 | 117.0% |
| United States | 80.7 | 341 | 121 | 119 | 13.8% |
| Ireland | 72.0 | 77.3 | 3.2 | 115 | 16.9% |
| Spain | 0.2 | 0.6 | 11.0 | 105 | 706.7% |
| Russia | N/A | N/A | N/A | 88.6 | 0% |
| Vietnam | 9.9 | 60.5 | 175 | 82.3 | 102.6% |
| Chile | 115 | 8.9 | 68.5 | 57.3 | -20.7% |
| Australia | 33.8 | 25.4 | 53.4 | 56.7 | 18.8% |
| France | 12.6 | 13.2 | 57.1 | 55.9 | 64.3% |
| Lithuania | N/A | N/A | 31.4 | 55.6 | 77.1% |
| Germany | 54.3 | 98.9 | 62.6 | 51.0 | -2.1% |
| Italy | 4.2 | 10.7 | 7.9 | 46.5 | 122.9% |
| Others | 889 | 751 | 298 | 233 | -36.0% |
| Total | 1,292 | 1,422 | 936 | 1,389 | 2.4% |
Top Export Markets for Borates; Peroxoborates (Perborates) from the UK in 2022:
- Netherlands (59.1 tons)
- Belgium (50.3 tons)
- Australia (38.9 tons)
- Germany (32.0 tons)
- Ireland (30.4 tons)
- Spain (29.0 tons)
- Lithuania (27.4 tons)
- Russia (25.0 tons)
- Chile (22.3 tons)
- Italy (14.8 tons)
- Vietnam (14.2 tons)
- France (13.2 tons)
- United States (8.4 tons)
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