Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the Philippines - 2023
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the Philippines (CIF) - 2022
- Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the Philippines
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the Philippines (CIF) - 2022
The average import price for borates; disodium tetraborate (refined borax), other than anhydroi stood at $632 per ton in 2022, increasing by 4.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 7.9%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($7,109 per ton), while the price for the United States ($529 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+46.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the Philippines
In 2022, imports of borates; disodium tetraborate (refined borax), other than anhydroi into the Philippines soared to 3.8K tons, jumping by 156% against 2021 figures. In general, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi soared to $2.4M in 2022. Over the period under review, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 677 | 656 | 238 | 889 | 9.5% |
| Turkey | 101 | 326 | 344 | 799 | 99.3% |
| Malaysia | 53.6 | 32.0 | 119 | 458 | 104.4% |
| China | 119 | 88.2 | 91.4 | 134 | 4.0% |
| Argentina | 38.7 | 39.7 | 34.9 | 53.5 | 11.4% |
| Others | 93.0 | 52.1 | 77.4 | 84.8 | -3.0% |
| Total | 1,082 | 1,193 | 905 | 2,418 | 30.7% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous to the Philippines in 2022:
- United States (1680.8 tons)
- Turkey (1347.8 tons)
- Malaysia (527.8 tons)
- China (139.4 tons)
- Argentina (70.3 tons)
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