Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Malaysia - 2023
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Malaysia (CIF) - 2023
- Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Malaysia (FOB) - 2022
- Imports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Malaysia
- Exports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Malaysia
Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Malaysia (CIF) - 2023
The average import price for borates; disodium tetraborate (refined borax), anhydroi stood at $1,347 per ton in October 2023, falling by -19.6% against the previous month. In general, the import price, however, posted a significant increase. The most prominent rate of growth was recorded in November 2022 an increase of 647% m-o-m. Over the period under review, average import prices reached the peak figure at $1,675 per ton in September 2023, and then contracted remarkably in the following month.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was Turkey ($1,385 per ton), while the price for the United States stood at $1,340 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Turkey (+22.8%).
Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Malaysia (FOB) - 2022
The average export price for borates; disodium tetraborate (refined borax), anhydroi stood at $1,025 per ton in 2022, picking up by 9.1% against the previous year. In general, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.2% 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 +80.7% against 2014 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 29% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +6.4% per year.
Imports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Malaysia
In 2022, imports of borates; disodium tetraborate (refined borax), anhydroi into Malaysia soared to 2.4K tons, jumping by 17% on 2021 figures. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +14.9% 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 +55.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 33% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of borates; disodium tetraborate (refined borax), anhydroi skyrocketed to $2.1M in 2022. Overall, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,114 | 960 | 1,152 | 1,387 | 7.6% |
| Turkey | 43.4 | 91.6 | 301 | 707 | 153.5% |
| Others | 11.7 | 11.8 | 11.8 | 26.2 | 30.8% |
| Total | 1,169 | 1,064 | 1,465 | 2,121 | 22.0% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Anhydrous to Malaysia in 2022:
- United States (1541.3 tons)
- Turkey (815.1 tons)
Exports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Malaysia
For the third year in a row, Malaysia recorded decline in overseas shipments of borates; disodium tetraborate (refined borax), anhydroi, which decreased by -31.9% to 13 tons in 2022. In general, exports recorded a significant decline.
In value terms, exports of borates; disodium tetraborate (refined borax), anhydroi dropped rapidly to $13K in 2022. Overall, exports faced a precipitous slump.
| Export of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 3.0 | 1.6 | 0.9 | 13.3 | 64.3% |
| China | 35.5 | 8.1 | 2.9 | N/A | -71.4% |
| India | 84.4 | 54.6 | 4.7 | N/A | -76.4% |
| Philippines | 194 | 50.9 | 9.4 | N/A | -78.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 317 | 115 | 17.9 | 13.3 | -65.3% |
Top Export Markets for Borates; Disodium Tetraborate (Refined Borax), Anhydrous from Malaysia in 2022:
- Singapore (12.9 tons)
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