Price for Boron Oxide and Boric Acid in Jordan - 2022

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

The average import price for oxides of boron and boric acids stood at $944 per ton in 2022, growing by 42% against the previous year. Overall, the import price, however, continues to indicate a pronounced downturn. The import price peaked at $1,306 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Turkey.

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to -1.6% per year.

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

The average export price for oxides of boron and boric acids stood at $755 per ton in 2022, approximately reflecting the previous year. In general, the export price showed a measured expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 306% against the previous year. As a result, the export price attained the peak level of $920 per ton. From 2019 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Egypt.

From 2012 to 2022, the rate of growth in terms of prices for Free Zones amounted to +16.9% per year.

Imports of Boron Oxide and Boric Acid in Jordan

In 2022, supplies from abroad of oxides of boron and boric acids decreased by -7.8% to 288 tons, falling for the second consecutive year after two years of growth. In general, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 144% against the previous year. As a result, imports reached the peak of 341 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, boron oxide and boric acid imports skyrocketed to $272K in 2022. Over the period under review, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 91%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Import of Boron Oxide and Boric Acid in Jordan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	63.4	152	149	270	62.1%
Peru	15.9	26.5	22.5	N/A	19.0%
Malaysia	18.7	31.7	26.8	N/A	19.7%
Others	16.8	9.2	9.1	2.0	-50.8%
Total	115	220	207	272	33.2%

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

Turkey (286.2 tons)

Exports of Boron Oxide and Boric Acid in Jordan

In 2022, the amount of oxides of boron and boric acids exported from Jordan reduced markedly to 21 tons, falling by -24.1% on the previous year. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +6.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 93% against the previous year. As a result, the exports reached the peak of 27 tons, and then declined sharply in the following year.

In value terms, boron oxide and boric acid exports fell rapidly to $16K in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +6.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 87%. As a result, the exports attained the peak of $20K, and then dropped remarkably in the following year.