Price for Boron Oxide and Boric Acid in Guatemala - 2023

Contents:

  1. Price for Boron Oxide and Boric Acid in Guatemala (FOB) - 2022
  2. Price for Boron Oxide and Boric Acid in Guatemala (CIF) - 2022
  3. Exports of Boron Oxide and Boric Acid in Guatemala
  4. Imports of Boron Oxide and Boric Acid in Guatemala

Price for Boron Oxide and Boric Acid in Guatemala (FOB) - 2022

The average export price for oxides of boron and boric acids stood at $1,005 per ton in 2022, picking up by 15% against the previous year. Overall, the export price, however, continues to indicate a mild setback. The pace of growth was the most pronounced in 2013 an increase of 63%. The export price peaked at $1,992 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($1,474 per ton), while the average price for exports to Honduras ($727 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 El Salvador (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Boron Oxide and Boric Acid in Guatemala (CIF) - 2022

In 2022, the average import price for oxides of boron and boric acids amounted to $635 per ton, which is down by -12% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 64%. As a result, import price reached the peak level of $1,066 per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Peru ($760 per ton), while the price for Turkey amounted to $618 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+5.7%), while the prices for the other major suppliers experienced a decline.

Exports of Boron Oxide and Boric Acid in Guatemala

In 2022, exports of oxides of boron and boric acids from Guatemala skyrocketed to 3.2K tons, growing by 546% against the previous year's figure. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,404%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, boron oxide and boric acid exports soared to $3.2M in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 943% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Export of Boron Oxide and Boric Acid in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
MexicoN/AN/A3422,755705.6%
Costa Rica2.91.81.3271353.8%
Others65.539.385.614831.2%
Total68.441.14293,174259.3%

Top Export Markets for Boron Oxide and Boric Acid from Guatemala in 2022:

  1. Mexico (2.8K tons)
  2. Costa Rica (0.2K tons)

Imports of Boron Oxide and Boric Acid in Guatemala

For the fourth year in a row, Guatemala recorded growth in supplies from abroad of oxides of boron and boric acids, which increased by 69% to 4.6K tons in 2022. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 209% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, boron oxide and boric acid imports soared to $2.9M in 2022. In general, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 236% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Import of Boron Oxide and Boric Acid in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey28.21771,7702,689356.9%
Peru1793761082085.1%
Argentina217N/A80.10.2-90.3%
Others12336.624.446.6-27.6%
Total5485901,9822,94375.1%

Top Suppliers of Boron Oxide and Boric Acid to Guatemala in 2022:

  1. Argentina (undefinedK tons)
  2. Turkey (4.4K tons)
  3. Peru (0.3K tons)

Source: IndexBox Market Intelligence Platform

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