Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Sweden - 2023
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Sweden (CIF) - 2023
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Sweden (FOB) - 2022
- Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Sweden
- Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Sweden
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Sweden (CIF) - 2023
In August 2023, the average import price for borates; disodium tetraborate (refined borax), other than anhydroi amounted to $673 per ton, picking up by 7.8% against the previous month. Over the period from December 2022 to August 2023, it increased at an average monthly rate of +3.4%. The most prominent rate of growth was recorded in February 2023 an increase of 15% m-o-m. Over the period under review, average import prices attained the maximum at $687 per ton in June 2023; however, from July 2023 to August 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Finland.
From December 2022 to August 2023, the rate of growth in terms of prices for Turkey amounted to +2.7% per month.
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Sweden (FOB) - 2022
The average export price for borates; disodium tetraborate (refined borax), other than anhydroi stood at $503 per ton in 2022, increasing by 2.9% against the previous year. In general, the export price, however, continues to indicate a mild curtailment. The pace of growth appeared the most rapid in 2020 an increase of 4.8%. Over the period under review, the average export prices hit record highs at $600 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Poland ($583 per ton) and Luxembourg ($539 per ton), while the average price for exports to Norway ($465 per ton) and Denmark ($501 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 Poland (+6.6%), while the prices for the other major destinations experienced a decline.
Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Sweden
In 2022, purchases abroad of borates; disodium tetraborate (refined borax), other than anhydroi was finally on the rise to reach 23K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a slight decrease.
In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi soared to $10M in 2022. The total import value increased at an average annual rate of +4.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 6.3 | 6.4 | 5.7 | 5.3 | -5.6% |
| Finland | 2.3 | 2.2 | 2.3 | 4.6 | 26.0% |
| Others | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Total | 8.8 | 8.6 | 8.1 | 10.1 | 4.7% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous to Sweden in 2022:
- Turkey (12.8K tons)
- Finland (10.3K tons)
Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Sweden
In 2022, the amount of borates; disodium tetraborate (refined borax), other than anhydroi exported from Sweden contracted markedly to 11K tons, with a decrease of -15.5% compared with 2021 figures. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 21%. As a result, the exports attained the peak of 13K tons, and then dropped rapidly in the following year.
In value terms, exports of borates; disodium tetraborate (refined borax), other than anhydroi fell to $5.6M in 2022. The total export value increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 21%. As a result, the exports attained the peak of $6.5M, and then contracted in the following year.
| Export of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 3.0 | 3.4 | 3.9 | 3.2 | 2.2% |
| Denmark | 1.7 | 1.6 | 2.1 | 1.5 | -4.1% |
| Luxembourg | N/A | N/A | N/A | 0.5 | 0% |
| Poland | 0.4 | 0.4 | 0.2 | 0.2 | -20.6% |
| Others | 0.2 | 0.1 | 0.3 | 0.2 | 0.0% |
| Total | 5.3 | 5.3 | 6.5 | 5.6 | 1.9% |
Top Export Markets for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous from Sweden in 2022:
- Norway (6.8K tons)
- Denmark (3.0K tons)
- Luxembourg (0.9K tons)
- Poland (0.4K tons)
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