China: Oxides Of Boron Market 2024

Oxides Of Boron Market Size in China

In 2022, the Chinese oxides of boron market increased by X% to $X, rising for the third year in a row after two years of decline. Overall, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Oxides Of Boron Production in China

In value terms, oxides of boron production dropped to $X in 2022 estimated in export price. Overall, production saw a abrupt descent. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Oxides Of Boron Exports

Exports from China

In 2022, overseas shipments of oxides of boron, boric acids and inorganic acids decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then fell in the following year.

In value terms, oxides of boron exports surged to $X in 2022. In general, exports, however, recorded prominent growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X tons) was the main destination for oxides of boron exports from China, accounting for a X% share of total exports. Moreover, oxides of boron exports to the United States exceeded the volume sent to the second major destination, Brazil (X tons), twofold. The third position in this ranking was held by Spain (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Spain (X% per year).

In value terms, the United States ($X) remains the key foreign market for oxides of boron, boric acids and inorganic acids exports from China, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Spain (X% per year).

Export Prices by Country

The average oxides of boron export price stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price enjoyed resilient growth. The pace of growth was the most pronounced in 2021 an increase of X%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Indonesia ($X 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 Israel (X%), while the prices for the other major destinations experienced more modest paces of growth.

Oxides Of Boron Imports

Imports into China

In 2022, purchases abroad of oxides of boron, boric acids and inorganic acids decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of X%. Imports peaked at X tons in 2021, and then shrank modestly in the following year.

In value terms, oxides of boron imports surged to $X in 2022. In general, imports, however, recorded a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons), the United States (X tons) and Russia (X tons) were the main suppliers of oxides of boron imports to China, together comprising X% of total imports. Chile, Jordan, Israel, Peru and Bolivia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Jordan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest oxides of boron suppliers to China were Turkey ($X), Jordan ($X) and Israel ($X), together comprising X% of total imports.

Among the main suppliers, Jordan, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average oxides of boron import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, oxides of boron import price increased by X% against 2017 indices. As a result, import price reached 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 Israel ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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