Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Hong Kong SAR - 2023
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Hong Kong SAR (FOB) - 2022
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Hong Kong SAR (CIF) - 2022
- Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Hong Kong SAR
- Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Hong Kong SAR
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Hong Kong SAR (FOB) - 2022
The average export price for borates; disodium tetraborate (refined borax), other than anhydroi stood at $1,155 per ton in 2022, picking up by 95% against the previous year. Overall, the export price recorded a temperate expansion. The growth pace was the most rapid in 2014 when the average export price increased by 116%. The export price peaked at $1,904 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($2,632 per ton), while the average price for exports to China ($1,005 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+16.8%), while the prices for the other major destinations experienced a decline.
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Hong Kong SAR (CIF) - 2022
The average import price for borates; disodium tetraborate (refined borax), other than anhydroi stood at $765 per ton in 2022, jumping by 31% against the previous year. Over the period under review, the import price saw a temperate increase. The most prominent rate of growth was recorded in 2018 an increase of 243%. Over the period under review, average import prices reached the maximum at $3,483 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
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 Macao SAR ($4,416 per ton), while the price for the United States ($914 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Hong Kong SAR
In 2022, the amount of borates; disodium tetraborate (refined borax), other than anhydroi exported from Hong Kong SAR shrank dramatically to 18 tons, dropping by -81.9% compared with the year before. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 12,903% against the previous year. As a result, the exports attained the peak of 101 tons, and then fell notably in the following year.
In value terms, exports of borates; disodium tetraborate (refined borax), other than anhydroi contracted rapidly to $21K in 2022. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 4,371%. As a result, the exports attained the peak of $60K, and then declined sharply in the following year.
| Export of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 0.1 | 50.8 | 15.5 | 1145.0% |
| Australia | 0.1 | 0.4 | 4.2 | 4.3 | 250.3% |
| Philippines | 0.3 | 0.8 | 4.3 | 1.0 | 49.4% |
| Papua New Guinea | 1.7 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.1 | 0.5 | 0.3 | 73.2% |
| Total | 2.1 | 1.3 | 59.7 | 21.1 | 115.8% |
Top Export Markets for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous from Hong Kong SAR in 2022:
- China (15.4 tons)
- Australia (1.6 tons)
- Philippines (0.6 tons)
Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Hong Kong SAR
In 2022, overseas purchases of borates; disodium tetraborate (refined borax), other than anhydroi decreased by -81.3% to 19 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate significant growth.
In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi contracted markedly to $14K in 2022. Over the period under review, imports, however, continue to indicate significant growth.
| Import of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.8 | N/A | 39.5 | 9.3 | 49.2% |
| China | 0.2 | N/A | 17.0 | 3.4 | 157.1% |
| Macao SAR | N/A | N/A | N/A | 1.0 | 0% |
| Netherlands | 0.4 | N/A | 1.2 | 0.4 | 0.0% |
| Others | 0.1 | N/A | 0.6 | 0.2 | 26.0% |
| Total | 3.5 | N/A | 58.2 | 14.3 | 59.9% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous to Hong Kong SAR in 2022:
- United States (10.2 tons)
- China (1.1 tons)
- Netherlands (0.3 tons)
- Macao SAR (0.2 tons)
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