U.S. - 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 the United States - 2023
Contents:
- Price for Boron Oxide and Boric Acid in the United States (FOB) - 2022
- Price for Boron Oxide and Boric Acid in the United States (CIF) - 2023
- Exports of Boron Oxide and Boric Acid in the United States
- Imports of Boron Oxide and Boric Acid in the United States
Price for Boron Oxide and Boric Acid in the United States (FOB) - 2022
The average export price for oxides of boron and boric acids stood at $833 per ton in 2022, jumping by 30% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices hit record highs at $909 per ton in 2013; however, from 2014 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 Japan ($1,086 per ton), while the average price for exports to the Netherlands ($588 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 Japan (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Boron Oxide and Boric Acid in the United States (CIF) - 2023
The average import price for oxides of boron and boric acids stood at $906 per ton in September 2023, declining by -5.1% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 23% against the previous month. As a result, import price attained the peak level of $990 per ton. From April 2023 to September 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Peru ($1,053 per ton), while the price for Turkey ($890 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Peru (+0.6%), while the prices for the other major suppliers experienced a decline.
Exports of Boron Oxide and Boric Acid in the United States
In 2022, exports of oxides of boron and boric acids from the United States fell to 241K tons, reducing by -14.2% against 2021. In general, exports recorded a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 8.9% against the previous year.
In value terms, boron oxide and boric acid exports rose sharply to $201M in 2022. The total export value increased at an average annual rate of +9.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 12%. The exports peaked in 2022 and are expected to retain growth in the near future.
Export of Boron Oxide and Boric Acid in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 37.3 | 44.4 | 55.2 | 77.8 | 27.8% |
South Korea | 25.8 | 24.4 | 34.8 | 33.0 | 8.6% |
Netherlands | 23.6 | 22.9 | 20.5 | 24.2 | 0.8% |
Japan | 15.0 | 16.0 | 19.3 | 21.9 | 13.4% |
Taiwan (Chinese) | 23.7 | 24.3 | 22.3 | 14.0 | -16.1% |
Mexico | 5.4 | 5.3 | 6.6 | 7.8 | 13.0% |
Malaysia | 4.1 | 4.6 | 6.0 | 5.8 | 12.3% |
Others | 19.7 | 17.8 | 14.7 | 16.2 | -6.3% |
Total | 155 | 160 | 179 | 201 | 9.0% |
Top Export Markets for Boron Oxide and Boric Acid from the United States in 2022:
- China (83.1K tons)
- South Korea (43.0K tons)
- Netherlands (41.2K tons)
- Japan (20.2K tons)
- Taiwan (Chinese) (19.7K tons)
- Malaysia (8.4K tons)
- Mexico (8.0K tons)
Imports of Boron Oxide and Boric Acid in the United States
Boron oxide and boric acid imports into the United States fell to 48K tons in 2022, waning by -11.3% compared with the previous year's figure. The total import volume increased at an average annual rate of +5.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 35% against the previous year. As a result, imports attained the peak of 54K tons, and then fell in the following year.
In value terms, boron oxide and boric acid imports surged to $40M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +14.8% 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 +67.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
Import of Boron Oxide and Boric Acid in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 16.1 | 15.1 | 24.8 | 32.2 | 26.0% |
Italy | 2.3 | 2.2 | 1.9 | 2.4 | 1.4% |
Peru | 1.7 | 1.8 | 1.8 | 2.2 | 9.0% |
China | 0.3 | 0.5 | 0.5 | 0.9 | 44.2% |
Chile | 2.8 | 2.2 | 2.0 | 0.8 | -34.1% |
Russia | 1.8 | N/A | N/A | N/A | 0% |
Bolivia | 0.9 | 0.4 | 0.6 | N/A | -18.4% |
Others | 0.8 | 1.9 | 1.3 | 1.8 | 31.0% |
Total | 26.7 | 24.1 | 32.9 | 40.3 | 14.7% |
Top Suppliers of Boron Oxide and Boric Acid to the United States in 2022:
- Turkey (38.8K tons)
- Italy (2.9K tons)
- Peru (2.5K tons)
- China (1.1K tons)
- Chile (0.7K tons)
This report provides an in-depth analysis of the market for boron oxide and boric acid in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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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