Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the United Arab Emirates - 2022
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the United Arab Emirates (CIF) - 2022
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the United Arab Emirates (FOB) - 2022
- Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the United Arab Emirates
- Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the United Arab Emirates
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the United Arab Emirates (CIF) - 2022
In 2022, the average import price for borates; disodium tetraborate (refined borax), other than anhydroi amounted to $879 per ton, surging by 34% against the previous year. In general, the import price, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 89%. The import price peaked at $1,257 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($2,635 per ton), while the price for Turkey ($705 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+132.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the United Arab Emirates (FOB) - 2022
In 2022, the average export price for borates; disodium tetraborate (refined borax), other than anhydroi amounted to $1,017 per ton, approximately reflecting the previous year. Over the period under review, the export price, however, showed a noticeable increase. The most prominent rate of growth was recorded in 2017 an increase of 62%. As a result, the export price reached the peak level of $1,508 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iraq ($9,902 per ton), while the average price for exports to Iran ($442 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 Iraq (+13.3%), 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 the United Arab Emirates
In 2022, purchases abroad of borates; disodium tetraborate (refined borax), other than anhydroi decreased by -40% to 217 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 166%. As a result, imports reached the peak of 362 tons, and then contracted markedly in the following year.
In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi reduced sharply to $191K in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +5.0% 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 +57.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 97% against the previous year. As a result, imports attained the peak of $238K, and then shrank rapidly in the following year.
| Import of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 97.1 | 92.8 | 198 | 131 | 10.5% |
| Argentina | N/A | 1.5 | N/A | 23.9 | 299.2% |
| China | 6.8 | 5.4 | 15.2 | 10.5 | 15.6% |
| United States | 16.1 | 4.1 | 2.7 | 6.5 | -26.1% |
| India | 1.9 | 1.9 | 4.1 | 6.1 | 47.5% |
| Others | 43.0 | 15.3 | 18.3 | 12.5 | -33.8% |
| Total | 165 | 121 | 238 | 191 | 5.0% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous to the United Arab Emirates in 2022:
- Turkey (185.9 tons)
- China (10.4 tons)
- Argentina (10.0 tons)
- India (4.0 tons)
- United States (2.5 tons)
Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the United Arab Emirates
In 2022, overseas shipments of borates; disodium tetraborate (refined borax), other than anhydroi decreased by -64.8% to 93 tons, falling for the second year in a row after two years of growth. In general, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 974%. As a result, the exports reached the peak of 277 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 dropped notably to $95K in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 459% against the previous year.
| Export of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 0.6 | 1.7 | 46.7 | 25.5 | 249.0% |
| Bangladesh | N/A | N/A | 77.3 | 20.8 | -73.1% |
| Iran | 6.0 | 96.9 | 66.2 | 19.3 | 47.6% |
| Nigeria | 5.2 | 17.4 | 23.5 | 7.3 | 12.0% |
| Oman | 3.8 | 9.7 | 9.5 | 3.3 | -4.6% |
| Pakistan | 4.3 | 7.5 | 7.7 | 3.0 | -11.3% |
| Saudi Arabia | 2.5 | 19.7 | 16.6 | 1.6 | -13.8% |
| Kuwait | 0.8 | 2.7 | 3.6 | 1.0 | 7.7% |
| Others | 8.4 | 21.2 | 19.0 | 13.1 | 16.0% |
| Total | 31.6 | 177 | 270 | 94.9 | 44.3% |
Top Export Markets for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous from the United Arab Emirates in 2022:
- Iran (43.7 tons)
- Bangladesh (19.2 tons)
- Nigeria (9.1 tons)
- Pakistan (6.7 tons)
- Oman (3.3 tons)
- Iraq (2.6 tons)
- Kuwait (2.3 tons)
- Saudi Arabia (1.8 tons)
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