Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Bulgaria - 2023
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Bulgaria (CIF) - 2022
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Bulgaria (FOB) - 2022
- Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Bulgaria
- Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Bulgaria
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Bulgaria (CIF) - 2022
In 2022, the average import price for borates; disodium tetraborate (refined borax), other than anhydroi amounted to $740 per ton, picking up by 25% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Turkey.
From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +0.8% per year.
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Bulgaria (FOB) - 2022
The average export price for borates; disodium tetraborate (refined borax), other than anhydroi stood at $703 per ton in 2022, surging by 15% against the previous year. Over the period under review, the export price, however, showed a slight slump. The most prominent rate of growth was recorded in 2018 an increase of 54% against the previous year. As a result, the export price reached the peak level of $845 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was North Macedonia ($697 per ton), while the average price for exports to Iran amounted to $666 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (-1.4%).
Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Bulgaria
In 2022, the amount of borates; disodium tetraborate (refined borax), other than anhydroi imported into Bulgaria contracted significantly to 228 tons, which is down by -27.7% on the previous year. In general, imports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. As a result, imports attained the peak of 315 tons, and then reduced dramatically in the following year.
In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi dropped to $169K in 2022. The total import value increased at an average annual rate of +4.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. As a result, imports reached the peak of $187K, and then shrank in the following year.
| Import of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 114 | 139 | 171 | 152 | 10.1% |
| Others | 32.2 | 3.4 | 16.0 | 16.5 | -20.0% |
| Total | 146 | 142 | 187 | 169 | 5.0% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous to Bulgaria in 2022:
- Turkey (223.9 tons)
Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Bulgaria
In 2022, the amount of borates; disodium tetraborate (refined borax), other than anhydroi exported from Bulgaria surged to 56 tons, picking up by 1,237% against 2021 figures. In general, exports recorded 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), other than anhydroi surged to $39K in 2022. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | N/A | N/A | N/A | 30.4 | 0% |
| North Macedonia | 2.6 | 1.2 | 2.6 | 6.6 | 36.4% |
| Armenia | N/A | 2.6 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 2.5 | 0% |
| Total | 2.6 | 3.7 | 2.6 | 39.5 | 147.7% |
Top Export Markets for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous from Bulgaria in 2022:
- Iran (45.6 tons)
- North Macedonia (9.4 tons)
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