China - Oxides Of Boron and Boric Acids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Boron Oxide and Boric Acid in China - 2023
Contents:
- Price for Boron Oxide and Boric Acid in China (CIF) - 2023
- Price for Boron Oxide and Boric Acid in China (FOB) - 2022
- Imports of Boron Oxide and Boric Acid in China
- Exports of Boron Oxide and Boric Acid in China
Price for Boron Oxide and Boric Acid in China (CIF) - 2023
The average import price for oxides of boron and boric acids stood at $952 per ton in September 2023, increasing by 5.2% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $1,028 per ton in January 2023; however, from February 2023 to September 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the highest price was recorded for prices from the United States ($949 per ton) and Turkey ($945 per ton), while the price for Peru ($855 per ton) and Russia ($897 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Turkey (-0.3%), while the prices for the other major suppliers experienced a decline.
Price for Boron Oxide and Boric Acid in China (FOB) - 2022
The average export price for oxides of boron and boric acids stood at $2,584 per ton in 2022, rising by 14% against the previous year. Overall, the export price showed a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of 40% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($3,745 per ton), while the average price for exports to the United States ($738 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 Taiwan (Chinese) (+20.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Boron Oxide and Boric Acid in China
In 2022, overseas purchases of oxides of boron and boric acids decreased by -5% to 296K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +6.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 17%.
In value terms, boron oxide and boric acid imports soared to $274M in 2022. Overall, imports, however, saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Boron Oxide and Boric Acid in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 44.3 | 49.4 | 70.2 | 105 | 33.3% |
| United States | 34.6 | 42.3 | 42.4 | 74.1 | 28.9% |
| Russia | 23.3 | 30.9 | 30.2 | 42.6 | 22.3% |
| Chile | 23.8 | 28.8 | 33.8 | 38.8 | 17.7% |
| Peru | 8.6 | 4.8 | 5.0 | 6.5 | -8.9% |
| Others | 3.7 | 2.7 | 3.8 | 6.7 | 21.9% |
| Total | 138 | 159 | 185 | 274 | 25.7% |
Top Suppliers of Boron Oxide and Boric Acid to China in 2022:
- Turkey (111.5K tons)
- United States (80.3K tons)
- Russia (49.4K tons)
- Chile (44.3K tons)
- Peru (7.1K tons)
Exports of Boron Oxide and Boric Acid in China
In 2022, approx. 4K tons of oxides of boron and boric acids were exported from China; rising by 13% compared with 2021 figures. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 60%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, boron oxide and boric acid exports skyrocketed to $10M in 2022. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 87% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Boron Oxide and Boric Acid in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 47.8 | 73.4 | 1,893 | 5,074 | 373.5% |
| India | 294 | 230 | 1,054 | 1,152 | 57.7% |
| South Korea | 565 | 582 | 895 | 707 | 7.8% |
| Australia | 602 | 407 | 548 | 514 | -5.1% |
| Saudi Arabia | 9.0 | N/A | 116 | 316 | 227.5% |
| Brazil | 76.8 | 28.2 | 47.1 | 262 | 50.5% |
| Spain | 335 | 166 | 218 | 255 | -8.7% |
| United States | 416 | 252 | 320 | 178 | -24.6% |
| Oman | 326 | N/A | N/A | 122 | -27.9% |
| Malaysia | 25.1 | 21.3 | 19.6 | 97.0 | 56.9% |
| Pakistan | N/A | 287 | 392 | 85.8 | -45.3% |
| Israel | N/A | 501 | N/A | N/A | 0% |
| Myanmar | N/A | 687 | 380 | N/A | -44.7% |
| Others | 997 | 1,046 | 2,117 | 1,547 | 15.8% |
| Total | 3,694 | 4,282 | 8,000 | 10,310 | 40.8% |
Top Export Markets for Boron Oxide and Boric Acid from China in 2022:
- Japan (1916.9 tons)
- India (317.6 tons)
- United States (241.2 tons)
- South Korea (229.7 tons)
- Saudi Arabia (216.0 tons)
- Australia (137.2 tons)
- Oman (92.5 tons)
- Brazil (85.0 tons)
- Spain (83.0 tons)
- Malaysia (78.3 tons)
- Pakistan (21.0 tons)
This report provides an in-depth analysis of the market for boron oxide and boric acid in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20132462 -
- Prodcom 20132465 -
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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