Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Vietnam - 2022
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Vietnam (CIF) - 2022
- Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Vietnam (FOB) - 2022
- Imports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Vietnam
- Exports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Vietnam
Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Vietnam (CIF) - 2022
In 2022, the average import price for borates; disodium tetraborate (refined borax), anhydroi amounted to $1,077 per ton, picking up by 38% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,309 per ton), while the price for Singapore ($461 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Vietnam (FOB) - 2022
The average export price for borates; disodium tetraborate (refined borax), anhydroi stood at $762 per ton in 2022, with a decrease of -2.3% against the previous year. Overall, the export price recorded a mild descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by 16% against the previous year. Over the period under review, the average export prices reached the maximum at $847 per ton in 2012; however, from 2013 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 Cambodia.
From 2012 to 2022, the rate of growth in terms of prices for Cambodia amounted to -0.2% per year.
Imports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Vietnam
In 2022, the amount of borates; disodium tetraborate (refined borax), anhydroi imported into Vietnam surged to 25 tons, with an increase of 53% compared with the previous year's figure. Overall, imports showed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of borates; disodium tetraborate (refined borax), anhydroi soared to $27K in 2022. Over the period under review, imports continue to indicate a significant expansion. 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 Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.1 | 7.6 | 9.5 | 17.6 | 24.6% |
| China | 2.0 | 1.4 | 1.8 | 5.1 | 36.6% |
| Singapore | N/A | N/A | 0.4 | 1.4 | 250.0% |
| United Kingdom | 0.2 | 0.2 | 0.4 | 1.4 | 91.3% |
| Germany | 0.1 | 0.1 | 0.3 | 1.1 | 122.4% |
| Taiwan (Chinese) | 0.7 | 0.5 | 0.5 | 0.8 | 4.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 12.2 | 10.0 | 12.9 | 27.3 | 30.8% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Anhydrous to Vietnam in 2022:
- United States (15.2 tons)
- China (3.9 tons)
- Singapore (2.9 tons)
- Taiwan (Chinese) (1.4 tons)
- United Kingdom (1.0 tons)
- Germany (0.8 tons)
Exports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Vietnam
In 2022, shipments abroad of borates; disodium tetraborate (refined borax), anhydroi was finally on the rise to reach 2.3 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a relatively flat trend pattern.
In value terms, exports of borates; disodium tetraborate (refined borax), anhydroi amounted to $1.8K in 2022. The total export value increased at an average annual rate of +5.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 12%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 1.5 | 1.6 | 0.6 | 1.8 | 6.3% |
| Hong Kong SAR | N/A | N/A | 1.2 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.5 | 1.6 | 1.8 | 1.8 | 6.3% |
Top Export Markets for Borates; Disodium Tetraborate (Refined Borax), Anhydrous from Vietnam in 2022:
- Cambodia (2.3 tons)
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