Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Canada - 2023
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Canada (CIF) - 2023
- Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Canada (FOB) - 2022
- Imports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Canada
- Exports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Canada
Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Canada (CIF) - 2023
In October 2023, the average import price for borates; disodium tetraborate (refined borax), anhydroi amounted to $688 per ton, increasing by 28% against the previous month. Overall, the import price, however, showed a deep slump. The pace of growth was the most pronounced in November 2022 an increase of 130% month-to-month. As a result, import price attained the peak level of $3,174 per ton. From December 2022 to October 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From October 2022 to October 2023, the rate of growth in terms of prices for Turkey amounted to +0.2% per month.
Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Canada (FOB) - 2022
In 2022, the average export price for borates; disodium tetraborate (refined borax), anhydroi amounted to $702 per ton, increasing by 5.2% against the previous year. In general, the export price, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2016 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices hit record highs at $1,242 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($734 per ton) and Suriname ($696 per ton), while the average price for exports to Guyana ($679 per ton) and South Africa ($686 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+0.3%), while the prices for the other major destinations experienced a decline.
Imports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Canada
Imports of borates; disodium tetraborate (refined borax), anhydroi into Canada reduced dramatically to 321 tons in 2022, waning by -48.6% on the previous year's figure. Overall, imports faced a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 70% against the previous year. As a result, imports attained the peak of 624 tons, and then shrank sharply in the following year.
In value terms, imports of borates; disodium tetraborate (refined borax), anhydroi dropped notably to $499K in 2022. In general, imports faced a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 72% against the previous year. As a result, imports reached the peak of $1M, and then contracted sharply in the following year.
| Import of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 695 | 503 | 855 | 410 | -16.1% |
| Turkey | 98.6 | 90.7 | 170 | 86.5 | -4.3% |
| Bolivia | 83.6 | N/A | N/A | N/A | 0% |
| Others | 2.2 | 2.9 | 2.5 | 2.4 | 2.9% |
| Total | 879 | 597 | 1,027 | 499 | -17.2% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Anhydrous to Canada in 2022:
- United States (261.0 tons)
- Turkey (59.0 tons)
Exports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Canada
Exports of borates; disodium tetraborate (refined borax), anhydroi from Canada fell significantly to 80 tons in 2022, with a decrease of -80% on 2021 figures. Over the period under review, exports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by 816% against the previous year. As a result, the exports attained the peak of 402 tons, and then plummeted in the following year.
In value terms, exports of borates; disodium tetraborate (refined borax), anhydroi contracted rapidly to $56K in 2022. Overall, exports, however, posted prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 811% against the previous year. As a result, the exports reached the peak of $268K, and then reduced notably in the following year.
| Export of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Suriname | 3.1 | 15.5 | 11.9 | 23.8 | 97.3% |
| United States | 41.4 | 11.2 | 186 | 14.2 | -30.0% |
| South Africa | N/A | N/A | N/A | 8.1 | 0% |
| Guyana | N/A | N/A | N/A | 4.9 | 0% |
| Colombia | 2.5 | 2.7 | N/A | 2.4 | -1.4% |
| Zambia | N/A | N/A | N/A | 2.4 | 0% |
| Australia | N/A | N/A | 69.2 | N/A | 0% |
| Others | 0.5 | N/A | 0.4 | 0.6 | 6.3% |
| Total | 47.5 | 29.4 | 268 | 56.4 | 5.9% |
Top Export Markets for Borates; Disodium Tetraborate (Refined Borax), Anhydrous from Canada in 2022:
- Suriname (34.2 tons)
- United States (19.4 tons)
- South Africa (11.7 tons)
- Guyana (7.2 tons)
- Colombia (3.5 tons)
- Zambia (3.4 tons)
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