Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Japan - 2023
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Japan (CIF) - 2023
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Japan (FOB) - 2022
- Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Japan
- Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Japan
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Japan (CIF) - 2023
In July 2023, the average import price for borates; disodium tetraborate (refined borax), other than anhydroi amounted to $717 per ton, approximately reflecting the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 18% against the previous month. As a result, import price attained the peak level of $793 per ton. From April 2023 to July 2023, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was the United States ($812 per ton), while the price for Turkey totaled $641 per ton.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (+2.7%).
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Japan (FOB) - 2022
In 2022, the average export price for borates; disodium tetraborate (refined borax), other than anhydroi amounted to $9,676 per ton, surging by 268% against the previous year. Overall, the export price continues to indicate a resilient expansion. The export price peaked at $10,775 per ton in 2017; however, from 2018 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 Indonesia ($22,162 per ton), while the average price for exports to the United States ($6,160 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 Vietnam (+18.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Japan
In 2022, the amount of borates; disodium tetraborate (refined borax), other than anhydroi imported into Japan surged to 28K tons, growing by 23% compared with the previous year. The total import volume increased at an average annual rate of +9.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi soared to $17M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +17.3% 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 +78.9% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.0 | 8.0 | 7.3 | 9.0 | 0.0% |
| Turkey | 1.4 | 1.3 | 4.0 | 7.3 | 73.4% |
| China | 0.2 | 0.2 | 0.3 | 0.7 | 51.8% |
| Others | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Total | 10.6 | 9.6 | 11.7 | 17.1 | 17.3% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous to Japan in 2022:
- United States (14.7K tons)
- Turkey (13.1K tons)
- China (0.4K tons)
Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Japan
Exports of borates; disodium tetraborate (refined borax), other than anhydroi from Japan dropped notably to 2.6 tons in 2022, shrinking by -75.3% compared with the year before. Over the period under review, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 738% against the previous year. As a result, the exports reached the peak of 10 tons, and then reduced rapidly in the following year.
In value terms, exports of borates; disodium tetraborate (refined borax), other than anhydroi contracted to $25K in 2022. In general, exports, however, posted a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 111%. As a result, the exports attained the peak of $27K, and then fell in the following year.
| Export of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 5.2 | N/A | N/A | 9.3 | 21.4% |
| United States | N/A | N/A | N/A | 8.6 | 0% |
| Vietnam | N/A | 3.2 | 3.0 | 3.8 | 9.0% |
| Thailand | N/A | 3.7 | 5.2 | 1.6 | -34.2% |
| Philippines | N/A | N/A | N/A | 1.5 | 0% |
| Germany | 3.0 | N/A | N/A | N/A | 0% |
| United Kingdom | N/A | N/A | 19.1 | N/A | 0% |
| Taiwan (Chinese) | 10.1 | 6.0 | N/A | N/A | -40.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 18.3 | 12.9 | 27.3 | 24.9 | 10.8% |
Top Export Markets for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous from Japan in 2022:
- United States (1400.0 kg)
- Indonesia (420.0 kg)
- Vietnam (378.0 kg)
- Thailand (240.0 kg)
- Philippines (132.0 kg)
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