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

Contents:

  1. Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Myanmar (CIF) - 2022
  2. Imports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Myanmar

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

The average import price for borates; disodium tetraborate (refined borax), anhydroi stood at $1,290 per ton in 2022, with an increase of 45% against the previous year. Over the period under review, the import price recorded a noticeable expansion. The pace of growth was the most pronounced in 2021 an increase of 55% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +9.5% per year.

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

In 2022, overseas purchases of borates; disodium tetraborate (refined borax), anhydroi decreased by -97.5% to 31 kg, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a dramatic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 54%. As a result, imports reached the peak of 169 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of borates; disodium tetraborate (refined borax), anhydroi declined sharply to $40 in 2022. Overall, imports faced a precipitous contraction. The most prominent rate of growth was recorded in 2020 with an increase of 65% against the previous year. As a result, imports reached the peak of $97K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Myanmar (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Thailand4.2N/AN/AN/A0%
IndiaN/AN/AN/AN/A0%
China54.597.31.1N/A-85.8%
Others0.1N/AN/AN/A0%
Total58.997.41.1N/A-86.3%

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

  1. India (31.0 kg)

Source: IndexBox Market Intelligence Platform

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