Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the United States - 2024
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the United States (FOB) - 2024
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the United States (CIF) - 2024
- Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the United States
- Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the United States
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the United States (FOB) - 2024
In September 2023, the average export price for borates; disodium tetraborate (refined borax), other than anhydroi amounted to $681 per ton, increasing by 3.1% against the previous month. Over the period from February 2023 to September 2023, it increased at an average monthly rate of +2.6%. The pace of growth was the most pronounced in March 2023 when the average export price increased by 15% against the previous month. Over the period under review, the average export prices attained the peak figure in September 2023.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Brazil ($900 per ton), while the average price for exports to Canada ($553 per ton) was amongst the lowest.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the United States (CIF) - 2024
In September 2023, the average import price for borates; disodium tetraborate (refined borax), other than anhydroi amounted to $532 per ton, with a decrease of -78.9% against the previous month. Over the period under review, the import price, however, continues to indicate a slight increase. The pace of growth appeared the most rapid in March 2023 an increase of 300% month-to-month. The import price peaked at $2,526 per ton in August 2023, and then shrank remarkably in the following month.
As there is only one major supplying country, the average price level is determined by prices for Turkey.
From February 2023 to September 2023, the rate of growth in terms of prices for Turkey amounted to +1.3% per month.
Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the United States
For the fourth consecutive year, the United States recorded growth in shipments abroad of borates; disodium tetraborate (refined borax), other than anhydroi, which increased by 7.9% to 617K tons in 2022. The total export volume increased at an average annual rate of +3.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, the exports attained 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 $332M in 2022. The total export value increased at an average annual rate of +12.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 109 | 126 | 118 | 182 | 18.6% |
| Indonesia | 12.8 | 9.2 | 18.6 | 35.9 | 41.0% |
| Canada | 17.9 | 13.1 | 17.7 | 22.4 | 7.8% |
| India | 16.5 | 18.4 | 26.5 | 18.9 | 4.6% |
| Malaysia | 17.2 | 9.6 | 13.9 | 13.8 | -7.1% |
| Mexico | 8.2 | 9.1 | 12.7 | 12.1 | 13.8% |
| Japan | 8.7 | 7.9 | 7.5 | 7.8 | -3.6% |
| Netherlands | 6.5 | 8.4 | 2.6 | 7.6 | 5.3% |
| South Korea | 5.2 | 4.4 | 5.2 | 5.7 | 3.1% |
| Brazil | 9.5 | 7.7 | 8.9 | 4.3 | -23.2% |
| Others | 22.8 | 25.5 | 23.2 | 21.8 | -1.5% |
| Total | 235 | 239 | 255 | 332 | 12.2% |
Top Export Markets for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous from the United States in 2022:
- China (341.5K tons)
- Indonesia (58.6K tons)
- Canada (46.1K tons)
- Malaysia (37.3K tons)
- India (30.8K tons)
- Mexico (25.4K tons)
- Netherlands (16.2K tons)
- Japan (12.6K tons)
- South Korea (10.2K tons)
- Brazil (6.2K tons)
Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the United States
In 2022, after three years of growth, there was significant decline in purchases abroad of borates; disodium tetraborate (refined borax), other than anhydroi, when their volume decreased by -28.2% to 162K tons. In general, total imports indicated noticeable growth from 2019 to 2022: its volume increased at an average annual rate of +2.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 31%. As a result, imports reached the peak of 226K tons, and then reduced markedly in the following year.
In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi contracted markedly to $63M in 2022. Over the period under review, total imports indicated a temperate increase from 2019 to 2022: its value increased at an average annual rate of +4.0% 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 +12.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 38% against the previous year. As a result, imports reached the peak of $81M, and then reduced remarkably in the following year.
| Import of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 54.0 | 57.1 | 79.0 | 61.0 | 4.1% |
| Others | 1.7 | 1.5 | 1.6 | 1.7 | 0.0% |
| Total | 55.6 | 58.6 | 80.6 | 62.7 | 4.1% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous to the United States in 2022:
- Turkey (161.5K tons)
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