Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in South Korea - 2022
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in South Korea (CIF) - 2022
- Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in South Korea (FOB) - 2022
- Imports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in South Korea
- Exports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in South Korea
Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in South Korea (CIF) - 2022
In 2022, the average import price for borates; disodium tetraborate (refined borax), anhydroi amounted to $1,095 per ton, with an increase of 33% against the previous year. In general, the import price showed a relatively flat trend pattern. The import price peaked at $1,219 per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 ($1,248 per ton), while the price for Turkey amounted to $1,007 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.1%).
Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in South Korea (FOB) - 2022
In 2022, the average export price for borates; disodium tetraborate (refined borax), anhydroi amounted to $1,447 per ton, waning by -83.3% against the previous year. Over the period under review, the export price continues to indicate a mild decline. The growth pace was the most rapid in 2016 an increase of 881% against the previous year. The export price peaked at $19,970 per ton in 2020; however, from 2021 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 Japan.
From 2015 to 2022, the rate of growth in terms of prices for Japan amounted to 0.0% per year.
Imports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in South Korea
In 2022, imports of borates; disodium tetraborate (refined borax), anhydroi into South Korea surged to 2.2K tons, jumping by 16% on the previous year. The total import volume increased at an average annual rate of +9.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of borates; disodium tetraborate (refined borax), anhydroi skyrocketed to $2.5M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +18.7% 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 +67.4% against 2019 indices. 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 South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 408 | 879 | 1,042 | 1,430 | 51.9% |
| United States | 1,052 | 691 | 546 | 1,020 | -1.0% |
| Others | 5.7 | 3.5 | 5.3 | 2.6 | -23.0% |
| Total | 1,465 | 1,573 | 1,593 | 2,453 | 18.7% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Anhydrous to South Korea in 2022:
- Turkey (1420.0 tons)
- United States (817.0 tons)
Exports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in South Korea
Exports of borates; disodium tetraborate (refined borax), anhydroi from South Korea soared to 18 tons in 2022, growing by 13,986% on the previous year. In general, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of borates; disodium tetraborate (refined borax), anhydroi skyrocketed to $26K in 2022. Overall, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | N/A | N/A | 25.6 | 0% |
| Others | 0.3 | 0.7 | 1.1 | 0.5 | 18.6% |
| Total | 0.3 | 0.7 | 1.1 | 26.1 | 343.1% |
Top Export Markets for Borates; Disodium Tetraborate (Refined Borax), Anhydrous from South Korea in 2022:
- Japan (18.0 tons)
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