Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Pakistan - 2023
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Pakistan (CIF) - 2022
- Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Pakistan
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Pakistan (CIF) - 2022
The average import price for borates; disodium tetraborate (refined borax), other than anhydroi stood at $671 per ton in 2022, jumping by 22% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. As a result, import price reached 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 China ($808 per ton), while the price for Spain ($392 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Pakistan
Imports of borates; disodium tetraborate (refined borax), other than anhydroi into Pakistan skyrocketed to 6K tons in 2022, picking up by 29% compared with 2021. Overall, total imports indicated a tangible increase from 2019 to 2022: its volume increased at an average annual rate of +2.3% 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 +83.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 42%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi soared to $4M in 2022. In general, imports posted a prominent expansion. 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 Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1,523 | 711 | 1,871 | 3,154 | 27.5% |
| United States | 667 | 475 | 295 | 512 | -8.4% |
| Argentina | 244 | 318 | 230 | 190 | -8.0% |
| Netherlands | 65.2 | 58.1 | 58.0 | 66.2 | 0.5% |
| Others | 134 | 115 | 87.2 | 91.3 | -12.0% |
| Total | 2,634 | 1,677 | 2,542 | 4,014 | 15.1% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous to Pakistan in 2022:
- Turkey (4.5K tons)
- United States (0.8K tons)
- Argentina (0.4K tons)
- Netherlands (0.2K tons)
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