Borates; Peroxoborates (Perborates) Price in Turkey - 2023
Contents:
- Borates; Peroxoborates (Perborates) Price in Turkey (FOB) - 2022
- Borates; Peroxoborates (Perborates) Price in Turkey (CIF) - 2022
- Borates; Peroxoborates (Perborates) Exports in Turkey
- Borates; Peroxoborates (Perborates) Imports in Turkey
Borates; Peroxoborates (Perborates) Price in Turkey (FOB) - 2022
In 2022, the average borates; peroxoborates (perborates) export price amounted to $1,085 per ton, jumping by 32% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, borates; peroxoborates (perborates) export price increased by +76.0% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($2,606 per ton), while the average price for exports to Iran ($415 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 Brazil (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.
Borates; Peroxoborates (Perborates) Price in Turkey (CIF) - 2022
The average borates; peroxoborates (perborates) import price stood at $3,618 per ton in 2022, surging by 6.9% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible contraction. The growth pace was the most rapid in 2016 when the average import price increased by 426%. Over the period under review, average import prices hit record highs at $9,207 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($51,894 per ton), while the price for Slovenia ($692 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+30.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Borates; Peroxoborates (Perborates) Exports in Turkey
For the fourth consecutive year, Turkey recorded growth in shipments abroad of borates; peroxoborates (perborates)s, which increased by 11% to 46K tons in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +19.3% 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 +69.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 45% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, borates; peroxoborates (perborates) exports surged to $50M in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 67%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Borates; Peroxoborates (Perborates) in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 0.7 | 1.6 | 8.6 | 10.9 | 149.7% |
| United States | 4.3 | 2.7 | 3.6 | 7.0 | 17.6% |
| Netherlands | 3.3 | 4.2 | 3.9 | 4.5 | 10.9% |
| Italy | 1.8 | 1.8 | 2.6 | 3.8 | 28.3% |
| China | 2.1 | 1.6 | 3.3 | 3.7 | 20.8% |
| India | N/A | 0.6 | 0.8 | 2.7 | 112.1% |
| Sweden | 1.1 | 1.1 | 1.4 | 2.0 | 22.1% |
| Russia | 1.8 | 2.1 | 1.2 | 1.9 | 1.8% |
| Japan | 0.4 | 0.3 | 0.7 | 1.8 | 65.1% |
| South Korea | 0.5 | 0.8 | 0.7 | 1.5 | 44.2% |
| Finland | 0.4 | 0.2 | 0.3 | 1.3 | 48.1% |
| Iran | N/A | 0.3 | 0.8 | 1.1 | 91.5% |
| United Arab Emirates | 0.6 | 0.7 | 0.7 | N/A | 8.0% |
| Others | 1.3 | 2.3 | 5.3 | 7.4 | 78.6% |
| Total | 18.5 | 20.4 | 34.0 | 49.7 | 39.0% |
Top Export Markets for Borates; Peroxoborates (Perborates) from Turkey in 2022:
- United Arab Emirates (undefinedK tons)
- United States (6.7K tons)
- Netherlands (5.9K tons)
- Brazil (4.2K tons)
- China (4.0K tons)
- Italy (3.7K tons)
- Iran (2.7K tons)
- Sweden (2.5K tons)
- India (1.9K tons)
- Japan (1.6K tons)
- South Korea (1.6K tons)
- Finland (1.5K tons)
- Russia (1.3K tons)
Borates; Peroxoborates (Perborates) Imports in Turkey
For the third year in a row, Turkey recorded decline in purchases abroad of borates; peroxoborates (perborates)s, which decreased by -5.3% to 365 tons in 2022. Over the period under review, imports showed a sharp decline. The smallest decline of -4.4% was in 2021.
In value terms, borates; peroxoborates (perborates) imports reached $1.3M in 2022. In general, imports saw a dramatic downturn. The growth pace was the most rapid in 2021 with an increase of 18% against the previous year.
| Import of Borates; Peroxoborates (Perborates) in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | N/A | 32.6 | 256 | 232 | 166.8% |
| Germany | 190 | 173 | 189 | 188 | -0.4% |
| Slovenia | 878 | 144 | 160 | 166 | -42.6% |
| Japan | 244 | 90.2 | 72.2 | 72.1 | -33.4% |
| Italy | N/A | 15.4 | 25.8 | 46.5 | 73.8% |
| China | 277 | 267 | 79.8 | 29.0 | -52.9% |
| Austria | 752 | 0.3 | 2.8 | 2.0 | -86.1% |
| Others | 406 | 383 | 518 | 585 | 12.9% |
| Total | 2,748 | 1,106 | 1,303 | 1,320 | -21.7% |
Top Suppliers of Borates; Peroxoborates (Perborates) to Turkey in 2022:
- Slovenia (239.6 tons)
- Peru (62.6 tons)
- Italy (18.9 tons)
- Japan (11.7 tons)
- China (9.3 tons)
- Germany (3.6 tons)
- Austria (0.9 tons)
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