Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Switzerland - 2024

Contents:

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

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

The average import price for borates; disodium tetraborate (refined borax), other than anhydroi stood at $545 per ton in 2022, picking up by 6.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2013 when the average import price increased by 15%. The import price peaked at $566 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1,161 per ton), while the price for Turkey amounted to $512 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.7%).

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

In 2022, the average export price for borates; disodium tetraborate (refined borax), other than anhydroi amounted to $31,976 per ton, with a decrease of -7.5% against the previous year. Overall, the export price, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2014 an increase of 503% against the previous year. The export price peaked at $56,508 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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 the United States ($62,598 per ton), while the average price for exports to Germany ($11,996 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 the UK (+26.3%), 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 Switzerland

Imports of borates; disodium tetraborate (refined borax), other than anhydroi into Switzerland declined slightly to 4.6K tons in 2022, waning by -4.2% against the previous year's figure. In general, imports continue to indicate a slight reduction. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. As a result, imports attained the peak of 4.8K tons, and then dropped modestly in the following year.

In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi reached $2.5M in 2022. The total import value increased at an average annual rate of +3.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 23% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

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

1. Turkey (4.4K tons)
2. United States (0.1K tons)

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

In 2022, approx. 8.2 tons of borates; disodium tetraborate (refined borax), other than anhydroi were exported from Switzerland; growing by 30% compared with the previous year. Over the period under review, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 91%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of borates; disodium tetraborate (refined borax), other than anhydroi skyrocketed to $262K in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.6% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Germany (4.2 tons)
2. United States (2.6 tons)
3. China (1.1 tons)
4. South Korea (0.2 tons)

Source: IndexBox Market Intelligence Platform