Egypt: Oxides Of Boron Market 2022

Oxides Of Boron Market Size in Egypt

The Egyptian oxides of boron market surged to $X in 2021, jumping by 22% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a deep reduction. Oxides of boron consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Oxides Of Boron Exports

Exports from Egypt

In 2021, shipments abroad of oxides of boron, boric acids and inorganic acids increased by 457% to X tons, rising for the fourth year in a row after two years of decline. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, oxides of boron exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Tunisia (X tons) was the main destination for oxides of boron exports from Egypt, with a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Tunisia totaled +36.2%.

In value terms, Tunisia ($X) also remains the key foreign market for oxides of boron exports from Egypt.

From 2012 to 2021, the average annual growth rate of value to Tunisia amounted to -4.1%.

Export Prices by Country

In 2021, the average oxides of boron export price amounted to $X per ton, approximately reflecting the previous year. Overall, the export price, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2017 when the average export price increased by 79% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Tunisia amounted to -29.5% per year.

Oxides Of Boron Imports

Imports into Egypt

In 2021, the amount of oxides of boron, boric acids and inorganic acids imported into Egypt skyrocketed to X tons, picking up by 42% on the year before. Overall, imports, however, continue to indicate a pronounced reduction. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, oxides of boron imports skyrocketed to $X in 2021. In general, imports, however, recorded a drastic downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest oxides of boron supplier to Egypt, with a 57% share of total imports. Moreover, oxides of boron imports from Turkey exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was held by the Netherlands (X tons), with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to -7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+33.3% per year) and the Netherlands (+6.0% per year).

In value terms, Turkey ($X) constituted the largest supplier of oxides of boron to Egypt, comprising 52% of total imports. The second position in the ranking was taken by the United States ($X), with a 13% share of total imports. It was followed by the Netherlands, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey amounted to -9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+28.4% per year) and the Netherlands (+2.3% per year).

Import Prices by Country

In 2021, the average oxides of boron import price amounted to $X per ton, rising by 9.1% against the previous year. In general, the import price, however, recorded a pronounced descent. The growth pace was the most rapid in 2014 an increase of 34% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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