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

Contents:

  1. Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Romania (CIF) - 2023
  2. Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Romania (FOB) - 2022
  3. Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Romania
  4. Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Romania

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

The average import price for borates; disodium tetraborate (refined borax), other than anhydroi stood at $682 per ton in September 2023, approximately mirroring the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 6.5% m-o-m. The import price peaked at $723 per ton in May 2023; however, from June 2023 to September 2023, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Turkey.

From December 2022 to September 2023, the rate of growth in terms of prices for Luxembourg amounted to +2.1% per month.

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

In 2022, the average export price for borates; disodium tetraborate (refined borax), other than anhydroi amounted to $702 per ton, declining by -27.3% against the previous year. Over the period under review, the export price saw a pronounced decline. The most prominent rate of growth was recorded in 2018 an increase of 48% against the previous year. Over the period under review, the average export prices reached the peak figure at $1,000 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Moldova ($739 per ton) and Italy ($714 per ton), while the average price for exports to Bulgaria ($686 per ton) and Slovakia ($689 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (-2.4%).

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

In 2022, after three years of growth, there was decline in overseas purchases of borates; disodium tetraborate (refined borax), other than anhydroi, when their volume decreased by -1.4% to 4.5K tons. The total import volume increased at an average annual rate of +7.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of 16% against the previous year.

In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi rose rapidly to $2.2M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.7% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 17%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Import of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Romania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Luxembourg5196717461,11228.9%
Turkey8729831,1541,0436.2%
Others64.548.672.837.4-16.6%
Total1,4561,7021,9732,19314.6%

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

  1. Luxembourg (2.3K tons)
  2. Turkey (2.2K tons)

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

For the fourth consecutive year, Romania recorded growth in overseas shipments of borates; disodium tetraborate (refined borax), other than anhydroi, which increased by 556% to 16 tons in 2022. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 4,300% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of borates; disodium tetraborate (refined borax), other than anhydroi skyrocketed to $11K in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 2,980% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Export of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Romania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
SlovakiaN/AN/AN/A6.90%
MoldovaN/A0.70.52.8100.0%
ItalyN/AN/A1.80.8-55.6%
BulgariaN/AN/AN/A0.80%
OthersN/AN/AN/AN/A0%
TotalN/A0.82.411.3275.8%

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

  1. Slovakia (10.1 tons)
  2. Moldova (3.7 tons)
  3. Italy (1.1 tons)
  4. Bulgaria (1.1 tons)

Source: IndexBox Market Intelligence Platform

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