Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Indonesia - 2022
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Indonesia (CIF) - 2022
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Indonesia (FOB) - 2022
- Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Indonesia
- Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Indonesia
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Indonesia (CIF) - 2022
In 2022, the average import price for borates; disodium tetraborate (refined borax), other than anhydroi amounted to $624 per ton, picking up by 25% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($674 per ton), while the price for the United States stood at $573 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+0.6%).
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Indonesia (FOB) - 2022
The average export price for borates; disodium tetraborate (refined borax), other than anhydroi stood at $486 per ton in 2022, shrinking by -4.2% against the previous year. In general, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2020 a decrease of -2.1%. Over the period under review, the average export prices hit record highs at $2,426 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($600 per ton), while the average price for exports to Malaysia totaled $486 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-2.7%), while the prices for the other major destinations experienced a decline.
Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Indonesia
In 2022, approx. 80K tons of borates; disodium tetraborate (refined borax), other than anhydroi were imported into Indonesia; with an increase of 12% against the previous year. Over the period under review, total imports indicated perceptible growth from 2019 to 2022: its volume increased at an average annual rate of +4.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.3% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 65% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi soared to $50M in 2022. In general, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 69%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 21.5 | 8.8 | 16.9 | 24.7 | 4.7% |
| Turkey | 12.9 | 11.9 | 18.2 | 24.2 | 23.3% |
| Others | 0.4 | 0.4 | 0.7 | 0.8 | 26.0% |
| Total | 34.8 | 21.1 | 35.7 | 49.7 | 12.6% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous to Indonesia in 2022:
- United States (43.1K tons)
- Turkey (35.9K tons)
Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Indonesia
For the fourth year in a row, Indonesia recorded growth in shipments abroad of borates; disodium tetraborate (refined borax), other than anhydroi, which increased by 778% to 195 tons in 2022. In general, exports recorded a significant increase. As a result, the exports reached 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 skyrocketed to $95K in 2022. Over the period under review, exports saw a significant expansion. 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 Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 1.3 | N/A | N/A | 94.3 | 317.1% |
| Philippines | N/A | 3.8 | 5.1 | 0.3 | -71.9% |
| South Korea | N/A | N/A | 5.9 | N/A | 0% |
| Others | N/A | 0.1 | 0.3 | N/A | 200.0% |
| Total | 1.3 | 3.9 | 11.2 | 94.6 | 317.5% |
Top Export Markets for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous from Indonesia in 2022:
- Malaysia (194.1 tons)
- Philippines (0.5 tons)
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