Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Ghana - 2022

Contents:

  1. Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Ghana (CIF) - 2022
  2. Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Ghana (FOB) - 2022
  3. Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Ghana
  4. Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Ghana

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

In 2022, the average import price for borates; disodium tetraborate (refined borax), other than anhydroi amounted to $591 per ton, dropping by -33.6% against the previous year. Overall, the import price continues to indicate a mild curtailment. The growth pace was the most rapid in 2021 an increase of 29%. As a result, import price attained the peak level of $891 per ton, and then dropped remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,607 per ton), while the price for Spain ($307 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Ghana (FOB) - 2022

The average export price for borates; disodium tetraborate (refined borax), other than anhydroi stood at $3,400 per ton in 2022, surging by 29% against the previous year. Overall, the export price, however, continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2015 when the average export price increased by 36%. The export price peaked at $11,816 per ton in 2013; however, from 2014 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 Burkina Faso.

From 2012 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to +6.7% per year.

Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Ghana

In 2022, the amount of borates; disodium tetraborate (refined borax), other than anhydroi imported into Ghana rose sharply to 48 tons, surging by 7.6% on the previous year. In general, imports, however, faced a abrupt downturn. The pace of growth was the most pronounced in 2020 when imports increased by 44% against the previous year. As a result, imports reached the peak of 112 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi fell markedly to $29K in 2022. Overall, imports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 52% against the previous year. As a result, imports attained the peak of $77K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China3.511.21.57.428.3%
Turkey14.016.310.05.8-25.5%
Spain15.516.89.55.2-30.5%
Belgium5.37.110.04.0-9.0%
Netherlands6.48.65.83.7-16.7%
United States4.55.13.11.8-26.3%
South Africa0.311.8N/AN/A3833.3%
Others1.30.50.10.7-18.6%
Total50.877.440.128.7-17.3%

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

  1. Spain (16.8 tons)
  2. Turkey (10.6 tons)
  3. Netherlands (6.7 tons)
  4. United States (4.8 tons)
  5. Belgium (4.8 tons)
  6. China (4.6 tons)

Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Ghana

In 2022, exports of borates; disodium tetraborate (refined borax), other than anhydroi from Ghana shrank sharply to 4.8 tons, which is down by -15.7% compared with the year before. In general, exports faced a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 19%.

In value terms, exports of borates; disodium tetraborate (refined borax), other than anhydroi amounted to $16K in 2022. Over the period under review, exports recorded a pronounced reduction.

Export of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Burkina Faso8.416.17.316.124.2%
Cote d'Ivoire9.1N/A7.6N/A-8.6%
OthersN/AN/AN/AN/A0%
Total17.416.114.916.1-2.6%

Top Export Markets for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous from Ghana in 2022:

  1. Burkina Faso (4.8 tons)

Source: IndexBox Market Intelligence Platform

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