Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Ethiopia - 2022
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Ethiopia (CIF) - 2022
- Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Ethiopia
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Ethiopia (CIF) - 2022
In 2022, the average import price for borates; disodium tetraborate (refined borax), other than anhydroi amounted to $1,050 per ton, surging by 20% against the previous year. In general, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for borates; disodium tetraborate (refined borax), other than anhydroi increased by +43.7% against 2019 indices. The growth pace was the most rapid in 2013 an increase of 36% against the previous year. As a result, import price attained the peak level of $1,247 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($7,063 per ton), while the price for India ($441 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 (+15.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Ethiopia
In 2022, approx. 5.8 tons of borates; disodium tetraborate (refined borax), other than anhydroi were imported into Ethiopia; which is down by -83.6% on the previous year. Overall, imports faced a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 84%.
In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi shrank notably to $6K in 2022. In general, imports showed a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 102% against the previous year.
| Import of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.4 | 13.4 | 19.6 | 3.9 | -32.0% |
| United Kingdom | N/A | N/A | 0.2 | 0.9 | 350.0% |
| Netherlands | 23.4 | 1.3 | 8.4 | 0.6 | -70.5% |
| Turkey | 3.1 | 0.2 | 1.7 | 0.4 | -49.5% |
| India | 0.8 | 0.2 | 0.4 | 0.1 | -50.0% |
| Kenya | 0.1 | 0.1 | 0.3 | 0.1 | 0.0% |
| Others | 0.2 | N/A | 0.1 | 0.1 | -20.6% |
| Total | 40.1 | 15.2 | 30.7 | 6.0 | -46.9% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous to Ethiopia in 2022:
- China (3323.0 kg)
- Netherlands (1075.0 kg)
- Turkey (752.0 kg)
- India (263.0 kg)
- Kenya (202.0 kg)
- United Kingdom (126.0 kg)
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