Price for Boron Oxide and Boric Acid in Uganda - 2022
Contents:
- Price for Boron Oxide and Boric Acid in Uganda (CIF) - 2022
- Price for Boron Oxide and Boric Acid in Uganda (FOB) - 2022
- Imports of Boron Oxide and Boric Acid in Uganda
- Exports of Boron Oxide and Boric Acid in Uganda
Price for Boron Oxide and Boric Acid in Uganda (CIF) - 2022
The average import price for oxides of boron and boric acids stood at $1,605 per ton in 2022, picking up by 34% against the previous year. Over the last decade, it increased at an average annual rate of +5.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($2,231 per ton), while the price for South Africa ($1,039 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Boron Oxide and Boric Acid in Uganda (FOB) - 2022
In 2022, the average export price for oxides of boron and boric acids amounted to $974 per ton, almost unchanged from the previous year. Overall, the export price, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 60% against the previous year. Over the period under review, the average export prices hit record highs at $1,597 per ton in 2012; however, from 2013 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 Rwanda ($1,991 per ton), while the average price for exports to Democratic Republic of the Congo stood at $946 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+22.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Boron Oxide and Boric Acid in Uganda
In 2022, after three years of growth, there was significant decline in overseas purchases of oxides of boron and boric acids, when their volume decreased by -49.2% to 91 tons. In general, imports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of 35% against the previous year. As a result, imports attained the peak of 179 tons, and then reduced rapidly in the following year.
In value terms, boron oxide and boric acid imports dropped sharply to $146K in 2022. Overall, total imports indicated modest growth from 2019 to 2022: its value increased at an average annual rate of +1.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 24% against the previous year.
| Import of Boron Oxide and Boric Acid in Uganda (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | 4.3 | 10.0 | 10.2 | 76.0 | 160.5% |
| China | 27.5 | 28.3 | 33.8 | 30.9 | 4.0% |
| India | 89.4 | 121 | 148 | 18.7 | -40.6% |
| Russia | 13.5 | 5.9 | 10.2 | 10.3 | -8.6% |
| South Africa | 4.4 | 6.5 | 9.5 | 8.4 | 24.1% |
| Others | 0.6 | 1.8 | 2.3 | 1.7 | 41.5% |
| Total | 140 | 173 | 214 | 146 | 1.4% |
Top Suppliers of Boron Oxide and Boric Acid to Uganda in 2022:
- Kenya (46.9 tons)
- China (21.1 tons)
- India (9.2 tons)
- South Africa (8.1 tons)
- Russia (4.6 tons)
Exports of Boron Oxide and Boric Acid in Uganda
In 2022, the amount of oxides of boron and boric acids exported from Uganda skyrocketed to 4.4 tons, with an increase of 17% on 2021 figures. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 550%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, boron oxide and boric acid exports surged to $4.3K in 2022. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 942% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.
| Export of Boron Oxide and Boric Acid in Uganda (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 0.2 | 2.9 | 0.2 | 4.1 | 173.7% |
| Rwanda | N/A | 0.2 | N/A | 0.2 | 0.0% |
| Kenya | 0.1 | N/A | 3.5 | N/A | 491.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.3 | 3.1 | 3.7 | 4.3 | 142.9% |
Top Export Markets for Boron Oxide and Boric Acid from Uganda in 2022:
- Democratic Republic of the Congo (4.3 tons)
- Rwanda (0.1 tons)
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