Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Morocco - 2023
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Morocco (CIF) - 2022
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Morocco (FOB) - 2022
- Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Morocco
- Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Morocco
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Morocco (CIF) - 2022
In 2022, the average import price for borates; disodium tetraborate (refined borax), other than anhydroi amounted to $773 per ton, increasing by 33% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for borates; disodium tetraborate (refined borax), other than anhydroi increased by +69.9% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($26,500 per ton), while the price for Turkey totaled $766 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+34.9%).
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Morocco (FOB) - 2022
In 2022, the average export price for borates; disodium tetraborate (refined borax), other than anhydroi amounted to $790 per ton, dropping by -34% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 87%. As a result, the export price reached the peak level of $1,197 per ton, and then contracted significantly in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Guinea ($1,780 per ton), while the average price for exports to Portugal ($645 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 Guinea (+88.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Morocco
In 2022, imports of borates; disodium tetraborate (refined borax), other than anhydroi into Morocco shrank notably to 506 tons, waning by -52.1% compared with 2021 figures. Over the period under review, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 47% against the previous year. As a result, imports reached the peak of 1.1K tons, and then declined notably in the following year.
In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi reduced dramatically to $391K in 2022. In general, imports saw a noticeable downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 80% against the previous year. As a result, imports attained the peak of $614K, and then reduced remarkably in the following year.
Import of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Morocco (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 410 | 326 | 599 | 387 | -1.9% |
Others | 31.8 | 14.3 | 14.7 | 3.8 | -50.7% |
Total | 442 | 340 | 614 | 391 | -4.0% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous to Morocco in 2022:
- Turkey (505.7 tons)
Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Morocco
Exports of borates; disodium tetraborate (refined borax), other than anhydroi from Morocco skyrocketed to 32 tons in 2022, increasing by 478% compared with 2021 figures. Over the period under review, exports saw a significant increase. As a result, the exports attained 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 surged to $25K in 2022. Overall, exports enjoyed 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 Morocco (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
Portugal | N/A | N/A | 15.5 | 0% | |
Mauritania | 0.2 | 1.2 | 6.0 | 447.7% | |
Guinea | N/A | 0.9 | 3.6 | 300.0% | |
Sudan | 1.9 | 2.0 | N/A | 5.3% | |
Others | N/A | 2.5 | N/A | 0% | |
Total | 2.1 | 6.6 | 25.1 | 245.7% |
Top Export Markets for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous from Morocco in 2022:
- Portugal (24.1 tons)
- Mauritania (5.7 tons)
- Guinea (2.0 tons)
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