Price for Boron Oxide and Boric Acid in Costa Rica - 2022
Contents:
- Price for Boron Oxide and Boric Acid in Costa Rica (CIF) - 2022
- Price for Boron Oxide and Boric Acid in Costa Rica (FOB) - 2022
- Imports of Boron Oxide and Boric Acid in Costa Rica
- Exports of Boron Oxide and Boric Acid in Costa Rica
Price for Boron Oxide and Boric Acid in Costa Rica (CIF) - 2022
The average import price for oxides of boron and boric acids stood at $1,154 per ton in 2022, surging by 70% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, boron oxide and boric acid import price increased by +74.9% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 ($1,902 per ton), while the price for Chile ($671 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bolivia (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Boron Oxide and Boric Acid in Costa Rica (FOB) - 2022
In 2022, the average export price for oxides of boron and boric acids amounted to $781 per ton, remaining relatively unchanged against the previous year. In general, the export price, however, continues to indicate a perceptible downturn. The growth pace was the most rapid in 2017 when the average export price increased by 36% against the previous year. The export price peaked at $1,061 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
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 Guatemala ($1,092 per ton), while the average price for exports to Panama ($616 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 Guatemala (-0.8%), while the prices for the other major destinations experienced a decline.
Imports of Boron Oxide and Boric Acid in Costa Rica
In 2022, after three years of growth, there was significant decline in supplies from abroad of oxides of boron and boric acids, when their volume decreased by -26.6% to 1.5K tons. In general, total imports indicated a measured increase from 2019 to 2022: its volume increased at an average annual rate of +2.5% 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 with an increase of 34% against the previous year. As a result, imports attained the peak of 2.1K tons, and then fell markedly in the following year.
In value terms, boron oxide and boric acid imports surged to $1.8M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +16.1% 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 +72.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 38%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.
| Import of Boron Oxide and Boric Acid in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 841 | 717 | 676 | 893 | 2.0% |
| Chile | 16.0 | 147 | 562 | 432 | 200.0% |
| Argentina | 18.9 | 37.4 | 39.6 | 126 | 88.2% |
| Bolivia | N/A | 65.9 | 68.4 | 47.8 | -14.8% |
| China | N/A | N/A | 16.9 | 37.2 | 120.1% |
| Others | 260 | 64.9 | 64.0 | 240 | -2.6% |
| Total | 1,136 | 1,033 | 1,427 | 1,776 | 16.1% |
Top Suppliers of Boron Oxide and Boric Acid to Costa Rica in 2022:
- Peru (685.6 tons)
- Chile (643.0 tons)
- Argentina (83.2 tons)
- Bolivia (56.3 tons)
- China (36.9 tons)
Exports of Boron Oxide and Boric Acid in Costa Rica
In 2022, shipments abroad of oxides of boron and boric acids decreased by -11.8% to 2.6 tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a dramatic curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 34% against the previous year. As a result, the exports attained the peak of 29 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, boron oxide and boric acid exports fell to $2K in 2022. Overall, exports recorded a sharp decline. The most prominent rate of growth was recorded in 2020 when exports increased by 14%. As a result, the exports attained the peak of $20K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Boron Oxide and Boric Acid in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 14.0 | 14.7 | 1.7 | 1.0 | -58.5% |
| Nicaragua | 2.7 | N/A | 0.5 | 0.8 | -33.3% |
| Guatemala | N/A | 5.8 | N/A | 0.2 | -81.4% |
| Others | 1.3 | N/A | N/A | N/A | 0% |
| Total | 18.0 | 20.5 | 2.2 | 2.0 | -51.9% |
Top Export Markets for Boron Oxide and Boric Acid from Costa Rica in 2022:
- Panama (1642.0 kg)
- Nicaragua (760.0 kg)
- Guatemala (152.0 kg)
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