Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Greece - 2023

Contents:

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

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

In 2022, the average import price for borates; disodium tetraborate (refined borax), other than anhydroi amounted to $746 per ton, picking up by 26% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 65%. Over the period under review, average import prices reached the peak figure at $774 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($6,105 per ton), while the price for Turkey ($719 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+13.4%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for borates; disodium tetraborate (refined borax), other than anhydroi stood at $725 per ton in 2022, reducing by -6.3% against the previous year. Overall, the export price continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2021 when the average export price increased by 20% against the previous year. The export price peaked at $1,418 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($729 per ton), while the average price for exports to North Macedonia totaled $722 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (-1.1%), while the prices for the other major destinations experienced a decline.

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

Imports of borates; disodium tetraborate (refined borax), other than anhydroi into Greece contracted remarkably to 1.1K tons in 2022, dropping by -62.4% compared with 2021 figures. Over the period under review, imports faced a dramatic contraction. The growth pace was the most rapid in 2021 with an increase of 112%. As a result, imports attained the peak of 3K tons, and then reduced notably in the following year.

In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi fell dramatically to $842K in 2022. Overall, imports recorded a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 111%. As a result, imports attained the peak of $1.8M, and then fell markedly in the following year.

Import of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Greece (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey1,1095681,255541-21.3%
Spain18021951624110.2%
Netherlands0.511.6N/A52.7372.4%
Others4.243.59.07.018.6%
Total1,2948431,779842-13.3%

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

  1. Turkey (752.4 tons)
  2. Spain (316.8 tons)
  3. Netherlands (38.9 tons)

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

For the third consecutive year, Greece recorded decline in shipments abroad of borates; disodium tetraborate (refined borax), other than anhydroi, which decreased by -38.9% to 7.5 tons in 2022. In general, exports continue to indicate a abrupt slump. The smallest decline of -5.9% was in 2021.

In value terms, exports of borates; disodium tetraborate (refined borax), other than anhydroi fell dramatically to $5.4K in 2022. Overall, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 13%. As a result, the exports attained the peak of $9.5K, and then reduced dramatically in the following year.

Export of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Greece (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
North Macedonia5.44.16.13.0-17.8%
Cyprus0.81.00.82.444.2%
Albania2.53.02.3N/A-4.1%
Others0.20.30.3N/A22.5%
Total8.98.49.55.4-15.3%

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

  1. North Macedonia (4.2 tons)
  2. Cyprus (3.3 tons)

Source: IndexBox Market Intelligence Platform

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