Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Portugal - 2023

Contents:

1. Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Portugal (CIF) - 2022
2. Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Portugal (FOB) - 2022
3. Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Portugal
4. Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Portugal

Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Portugal (CIF) - 2022

The average import price for borates; disodium tetraborate (refined borax), other than anhydroi stood at $588 per ton in 2022, rising by 8.5% against the previous year. In general, the import price, however, continues to indicate a pronounced setback. The import price peaked at $745 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 France ($1,019 per ton), while the price for Luxembourg ($509 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Portugal (FOB) - 2022

In 2022, the average export price for borates; disodium tetraborate (refined borax), other than anhydroi amounted to $2,842 per ton, waning by -58.6% against the previous year. In general, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2016 an increase of 46% against the previous year. The export price peaked at $6,864 per ton in 2021, and then declined sharply in the following year.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2012 to 2022, the rate of growth in terms of prices for Angola amounted to +12.4% per year.

Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Portugal

In 2022, after three years of growth, there was decline in supplies from abroad of borates; disodium tetraborate (refined borax), other than anhydroi, when their volume decreased by -4.7% to 2.3K tons. The total import volume increased at an average annual rate of +4.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. As a result, imports reached the peak of 2.4K tons, and then reduced in the following year.

In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi amounted to $1.4M in 2022. The total import value increased at an average annual rate of +10.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 22%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.

Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous to Portugal in 2022:

1. Luxembourg (1236.8 tons)
2. Spain (737.8 tons)
3. Turkey (207.9 tons)
4. France (100.1 tons)

Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Portugal

In 2022, exports of borates; disodium tetraborate (refined borax), other than anhydroi from Portugal dropped remarkably to 1.3 tons, which is down by -17.9% on 2021 figures. Over the period under review, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 79,450% against the previous year. As a result, the exports attained the peak of 1.6 tons, and then reduced sharply in the following year.

In value terms, exports of borates; disodium tetraborate (refined borax), other than anhydroi dropped notably to $3.7K in 2022. Overall, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 when exports increased by 99,173%. As a result, the exports attained the peak of $11K, and then dropped rapidly in the following year.

Top Export Markets for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous from Portugal in 2022:

1. Spain (1.3 tons)

Source: IndexBox Market Intelligence Platform