Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Thailand - 2024
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Thailand (CIF) - 2024
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Thailand (FOB) - 2022
- Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Thailand
- Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Thailand
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Thailand (CIF) - 2024
In September 2023, the average import price for borates; disodium tetraborate (refined borax), other than anhydroi amounted to $753 per ton, dropping by -3% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 an increase of 6.7% against the previous month. As a result, import price attained the peak level of $776 per ton, and then reduced in the following month.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was the United States ($783 per ton), while the price for Turkey amounted to $697 per ton.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+2.8%).
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Thailand (FOB) - 2022
In 2022, the average export price for borates; disodium tetraborate (refined borax), other than anhydroi amounted to $899 per ton, picking up by 20% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 60% against the previous year. The export price peaked at $933 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($1,280 per ton), while the average price for exports to Lao People's Democratic Republic ($898 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 Vietnam (+1.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Thailand
For the fourth consecutive year, Thailand recorded growth in supplies from abroad of borates; disodium tetraborate (refined borax), other than anhydroi, which increased by 5.1% to 21K tons in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +14.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.8% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 20%. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi soared to $14M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +26.4% 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 +102.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 36%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.
| Import of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1.7 | 2.6 | 5.3 | 7.9 | 66.9% |
| United States | 4.9 | 6.4 | 4.8 | 5.5 | 3.9% |
| Others | 0.2 | 0.3 | 0.3 | 0.4 | 26.0% |
| Total | 6.8 | 9.3 | 10.4 | 13.8 | 26.6% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous to Thailand in 2022:
- Turkey (12.3K tons)
- United States (8.5K tons)
Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Thailand
In 2022, approx. 489 tons of borates; disodium tetraborate (refined borax), other than anhydroi were exported from Thailand; rising by 66% against the year before. In general, exports saw a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of borates; disodium tetraborate (refined borax), other than anhydroi skyrocketed to $440K in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lao People's Democratic Republic | 188 | 191 | 212 | 430 | 31.8% |
| Myanmar | N/A | N/A | 0.2 | 9.6 | 4700.0% |
| Vietnam | 56.4 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 9.6 | N/A | 0% |
| Total | 244 | 191 | 222 | 440 | 21.7% |
Top Export Markets for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous from Thailand in 2022:
- Lao People's Democratic Republic (479.2 tons)
- Myanmar (10.0 tons)
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