Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in China - 2023
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in China (CIF) - 2022
- Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in China (FOB) - 2022
- Imports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in China
- Exports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in China
Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in China (CIF) - 2022
In 2022, the average import price for borates; disodium tetraborate (refined borax), anhydroi amounted to $951 per ton, jumping by 30% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $996 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($956 per ton), while the price for Turkey totaled $903 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-0.0%).
Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in China (FOB) - 2022
The average export price for borates; disodium tetraborate (refined borax), anhydroi stood at $1,507 per ton in 2022, with a decrease of -8.3% against the previous year. Overall, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.0% 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 +65.3% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by 80% against the previous year. As a result, the export price attained the peak level of $1,643 per ton, and then declined in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($2,309 per ton), while the average price for exports to Mozambique ($483 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 Democratic People's Republic of Korea (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in China
Imports of borates; disodium tetraborate (refined borax), anhydroi into China rose modestly to 21K tons in 2022, with an increase of 4.3% compared with 2021 figures. In general, imports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 4.6%.
In value terms, imports of borates; disodium tetraborate (refined borax), anhydroi soared to $20M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +5.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 14.1 | 11.5 | 11.8 | 15.7 | 3.6% |
| Turkey | 3.1 | 1.7 | 3.1 | 4.2 | 10.7% |
| Others | 0.1 | 0.1 | 0.1 | 0.4 | 58.7% |
| Total | 17.3 | 13.3 | 15.0 | 20.3 | 5.5% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Anhydrous to China in 2022:
- United States (16.4K tons)
- Turkey (4.6K tons)
Exports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in China
In 2022, after three years of growth, there was significant decline in overseas shipments of borates; disodium tetraborate (refined borax), anhydroi, when their volume decreased by -24.1% to 389 tons. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 168%.
In value terms, exports of borates; disodium tetraborate (refined borax), anhydroi fell significantly to $586K in 2022. Overall, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 318%. As a result, the exports reached the peak of $842K, and then dropped significantly in the following year.
| Export of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 14.9 | 11.0 | 609 | 248 | 155.3% |
| Australia | N/A | N/A | 57.7 | 86.2 | 49.4% |
| Democratic People's Republic of Korea | N/A | N/A | N/A | 84.0 | 0% |
| Mozambique | 1.9 | 3.0 | 4.2 | 54.0 | 205.2% |
| Philippines | 16.1 | 142 | 102 | 44.3 | 40.1% |
| Thailand | 0.7 | 2.2 | N/A | 34.4 | 266.3% |
| Myanmar | 37.0 | 2.5 | 0.5 | N/A | -88.4% |
| Saudi Arabia | N/A | N/A | 23.9 | N/A | 0% |
| Ghana | N/A | 35.3 | 25.0 | N/A | -29.2% |
| Others | 44.5 | 4.7 | 19.1 | 34.6 | -8.0% |
| Total | 115 | 201 | 842 | 586 | 72.1% |
Top Export Markets for Borates; Disodium Tetraborate (Refined Borax), Anhydrous from China in 2022:
- Mozambique (111.9 tons)
- Japan (107.6 tons)
- Democratic People's Republic of Korea (55.8 tons)
- Australia (41.9 tons)
- Philippines (27.2 tons)
- Thailand (26.9 tons)
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