Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Indonesia - 2022

Contents:

1. Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Indonesia (CIF) - 2022
2. Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Indonesia (FOB) - 2022
3. Imports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Indonesia
4. Exports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Indonesia

Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Indonesia (CIF) - 2022

In 2022, the average import price for borates; disodium tetraborate (refined borax), anhydroi amounted to $982 per ton, picking up by 30% against the previous year. In general, the import price, however, showed a noticeable decline. Over the period under review, average import prices reached the maximum at $1,270 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($1,006 per ton), while the price for the United States totaled $643 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-0.8%).

Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Indonesia (FOB) - 2022

The average export price for borates; disodium tetraborate (refined borax), anhydroi stood at $4,545 per ton in 2022, stabilizing at the previous year. Over the period under review, the export price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2016 an increase of 67% against the previous year. Over the period under review, the average export prices hit record highs at $9,000 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.

From 2015 to 2022, the rate of growth in terms of prices for Singapore amounted to +21.6% per year.

Imports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Indonesia

In 2022, imports of borates; disodium tetraborate (refined borax), anhydroi into Indonesia skyrocketed to 584 tons, with an increase of 21% against the previous year's figure. Over the period under review, total imports indicated a moderate expansion 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. Based on 2022 figures, imports increased by +90.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 57% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of borates; disodium tetraborate (refined borax), anhydroi soared to $574K in 2022. In general, imports posted a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 80%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Anhydrous to Indonesia in 2022:

1. Turkey (544.0 tons)
2. United States (40.0 tons)

Exports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Indonesia

Exports of borates; disodium tetraborate (refined borax), anhydroi from Indonesia amounted to 22 kg in 2022, standing approx. at 2021. Over the period under review, exports saw a sharp shrinkage. The smallest decline of 99.9% was in 2021.

In value terms, exports of borates; disodium tetraborate (refined borax), anhydroi totaled $100 in 2022. In general, exports faced a dramatic downturn. The smallest decline of 99.9% was in 2021.

Top Export Markets for Borates; Disodium Tetraborate (Refined Borax), Anhydrous from Indonesia in 2022:

1. Hong Kong SAR (22.0 kg)

Source: IndexBox Market Intelligence Platform