Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Belgium - 2023
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Belgium (CIF) - 2023
- Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Belgium (FOB) - 2022
- Imports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Belgium
- Exports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Belgium
Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Belgium (CIF) - 2023
In September 2023, the average import price for borates; disodium tetraborate (refined borax), anhydroi amounted to $1,243 per ton, with an increase of 5.8% against the previous month. In general, import price indicated perceptible growth from October 2022 to September 2023: its price increased at an average monthly rate of +2.4% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, import price for borates; disodium tetraborate (refined borax), anhydroi decreased by -26.5% against May 2023 indices. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 76% m-o-m. As a result, import price reached the peak level of $1,690 per ton. From June 2023 to September 2023, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was the Netherlands ($1,351 per ton), while the price for the United States amounted to $1,050 per ton.
From October 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Belgium (FOB) - 2022
In 2022, the average export price for borates; disodium tetraborate (refined borax), anhydroi amounted to $1,213 per ton, increasing by 16% against the previous year. In general, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for borates; disodium tetraborate (refined borax), anhydroi increased by +22.2% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of 65% against the previous year. Over the period under review, the average export prices attained the maximum at $1,547 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($2,710 per ton), while the average price for exports to Guinea ($879 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 Saudi Arabia (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Belgium
In 2022, approx. 7.2K tons of borates; disodium tetraborate (refined borax), anhydroi were imported into Belgium; growing by 20% compared with the year before. Over the period under review, total imports indicated a modest expansion from 2019 to 2022: its volume increased at an average annual rate of +1.7% 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 decreased by -29.7% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 50% against the previous year. As a result, imports attained the peak of 10K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of borates; disodium tetraborate (refined borax), anhydroi soared to $4.6M in 2022. In general, imports, however, continue to indicate a abrupt slump.
| Import of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.4 | 1.1 | 1.1 | 1.8 | 65.1% |
| Netherlands | 0.8 | 0.9 | 1.3 | 1.7 | 28.6% |
| Luxembourg | 0.8 | 1.3 | 1.5 | 1.1 | 11.2% |
| United Kingdom | 3.3 | 1.9 | N/A | N/A | -42.4% |
| Others | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Total | 5.4 | 5.1 | 4.0 | 4.6 | -5.2% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Anhydrous to Belgium in 2022:
- Netherlands (3.7K tons)
- United States (2.1K tons)
- Luxembourg (1.4K tons)
Exports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Belgium
After three years of growth, overseas shipments of borates; disodium tetraborate (refined borax), anhydroi decreased by -29.2% to 667 tons in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 721%.
In value terms, exports of borates; disodium tetraborate (refined borax), anhydroi reduced dramatically to $810K in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 647%.
| Export of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | N/A | 51.2 | 320 | 240 | 116.5% |
| Germany | 16.1 | 378 | 279 | 195 | 129.7% |
| Slovenia | N/A | 217 | 172 | 120 | -25.6% |
| Austria | N/A | 34.9 | 62.8 | 94.2 | 64.3% |
| Italy | 0.6 | 4.7 | 26.8 | 32.2 | 277.2% |
| Saudi Arabia | N/A | N/A | 0.1 | 25.0 | 24900.0% |
| Guinea | N/A | N/A | N/A | 16.8 | 0% |
| United Kingdom | 24.8 | 0.5 | 29.5 | 0.6 | -71.1% |
| Others | 62.3 | 90.5 | 97.0 | 86.3 | 11.5% |
| Total | 104 | 776 | 987 | 810 | 98.2% |
Top Export Markets for Borates; Disodium Tetraborate (Refined Borax), Anhydrous from Belgium in 2022:
- South Africa (188.3 tons)
- Germany (179.0 tons)
- Slovenia (117.9 tons)
- Austria (70.4 tons)
- Italy (23.5 tons)
- Saudi Arabia (20.9 tons)
- Guinea (19.1 tons)
- United Kingdom (0.5 tons)
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