Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in South Africa - 2024
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in South Africa (CIF) - 2024
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in South Africa (FOB) - 2022
- Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in South Africa
- Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in South Africa
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in South Africa (CIF) - 2024
In July 2023, the average import price for borates; disodium tetraborate (refined borax), other than anhydroi amounted to $883 per ton, increasing by 6.7% against the previous month. Over the period from January 2023 to July 2023, it increased at an average monthly rate of +4.0%. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 17% against the previous month. Over the period under review, average import prices attained the maximum in July 2023.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was Turkey ($944 per ton), while the price for Argentina ($712 per ton) was amongst the lowest.
From January 2023 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in South Africa (FOB) - 2022
In 2022, the average export price for borates; disodium tetraborate (refined borax), other than anhydroi amounted to $1,778 per ton, picking up by 90% against the previous year. In general, the export price posted mild growth. The pace of growth was the most pronounced in 2014 an increase of 122% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
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 Angola ($3,190 per ton), while the average price for exports to Mali ($1,280 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 Democratic Republic of the Congo (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in South Africa
In 2022, approx. 2.2K tons of borates; disodium tetraborate (refined borax), other than anhydroi were imported into South Africa; waning by -24.1% against the previous year's figure. In general, imports showed a dramatic decrease. The pace of growth appeared the most rapid in 2021 with an increase of 24%.
In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi shrank markedly to $1.3M in 2022. Overall, imports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 24% against the previous year.
| Import of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,078 | 964 | 870 | 697 | -13.5% |
| Turkey | 756 | 222 | 772 | 603 | -7.3% |
| Argentina | 65.0 | 74.6 | N/A | 16.8 | -36.3% |
| Others | 101 | 115 | 61.4 | 9.1 | -55.2% |
| Total | 2,000 | 1,375 | 1,703 | 1,326 | -12.8% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous to South Africa in 2022:
- United States (1235.1 tons)
- Turkey (947.2 tons)
- Argentina (28.0 tons)
Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in South Africa
In 2022, shipments abroad of borates; disodium tetraborate (refined borax), other than anhydroi decreased by -89.8% to 37 tons, falling for the second year in a row after two years of growth. Overall, exports faced a deep reduction. The growth pace was the most rapid in 2020 when exports increased by 1,743% against the previous year. As a result, the exports attained the peak of 1.1K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of borates; disodium tetraborate (refined borax), other than anhydroi declined remarkably to $65K in 2022. In general, exports continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 2,369% against the previous year. As a result, the exports reached the peak of $1.8M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 8.0 | 0.5 | 12.7 | 20.6 | 37.1% |
| Malawi | 1.1 | 0.4 | 8.9 | 8.1 | 94.5% |
| Mali | 3.0 | 5.0 | 3.5 | 5.9 | 25.3% |
| Angola | N/A | 0.9 | N/A | 5.8 | 153.9% |
| Zimbabwe | 8.4 | 30.8 | 18.2 | 5.8 | -11.6% |
| Guinea | 13.4 | N/A | 9.2 | 4.2 | -32.1% |
| Mozambique | 0.3 | 2.0 | 3.3 | 2.9 | 113.0% |
| Botswana | 0.6 | 1.7 | 3.1 | 2.9 | 69.1% |
| Kuwait | N/A | 83.9 | N/A | N/A | 0% |
| Mauritius | 18.7 | 85.5 | 3.2 | N/A | -58.6% |
| Lebanon | N/A | 47.4 | N/A | N/A | 0% |
| Australia | N/A | N/A | 235 | N/A | 0% |
| Saudi Arabia | N/A | 1,506 | N/A | N/A | 0% |
| Others | 19.4 | 34.6 | 39.5 | 8.8 | -23.2% |
| Total | 72.9 | 1,799 | 337 | 65.2 | -3.7% |
Top Export Markets for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous from South Africa in 2022:
- Namibia (11.4 tons)
- Malawi (6.0 tons)
- Mali (4.6 tons)
- Zimbabwe (3.1 tons)
- Guinea (2.0 tons)
- Botswana (2.0 tons)
- Angola (1.8 tons)
- Mozambique (1.6 tons)
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