Greece: Oxides Of Boron Market 2022

Oxides Of Boron Market Size in Greece

In 2021, the Greek oxides of boron market decreased by -13.6% to $X, falling for the second year in a row after two years of growth. In general, consumption recorded a relatively flat trend pattern. Oxides of boron consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Oxides Of Boron Exports

Exports from Greece

Oxides of boron exports from Greece soared to X tons in 2021, picking up by 1,341% against 2020 figures. In general, exports continue to indicate a strong increase. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, oxides of boron exports soared to $X in 2021. Overall, exports enjoyed resilient growth. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for oxides of boron exports from Greece, with a 86% share of total exports. Moreover, oxides of boron exports to Germany exceeded the volume sent to the second major destination, Albania (X kg), tenfold. Romania (X kg) ranked third in terms of total exports with a 3.8% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +2,682.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (+48.8% per year) and Romania (-20.0% per year).

In value terms, Germany ($X) emerged as the key foreign market for oxides of boron exports from Greece, comprising 60% of total exports. The second position in the ranking was held by Albania ($X), with a 7.4% share of total exports. It was followed by Cyprus, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +2,068.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (+22.1% per year) and Cyprus (-8.6% per year).

Export Prices by Country

In 2021, the average oxides of boron export price amounted to $X per ton, dropping by -5.3% against the previous year. Over the period under review, the export price recorded a slight contraction. The pace of growth was the most pronounced in 2016 an increase of 125%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Cyprus ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+9.6%), while the prices for the other major destinations experienced mixed trend patterns.

Oxides Of Boron Imports

Imports into Greece

In 2021, overseas purchases of oxides of boron, boric acids and inorganic acids decreased by -15.7% to X tons, falling for the second consecutive year after four years of growth. In general, total imports indicated a modest expansion from 2012 to 2021: its volume increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -20.8% against 2019 indices. The growth pace was the most rapid in 2014 when imports increased by 56%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, oxides of boron imports declined to $X in 2021. Over the period under review, imports continue to indicate a slight descent. The most prominent rate of growth was recorded in 2014 when imports increased by 35%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Turkey (X tons), Spain (X tons) and China (X tons) were the main suppliers of oxides of boron imports to Greece, together comprising 90% of total imports. Poland, France, Italy and Germany lagged somewhat behind, together comprising a further 9.2%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +2,832.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest oxides of boron suppliers to Greece were Turkey ($X), Spain ($X) and China ($X), together accounting for 77% of total imports. France, Poland, Italy and Germany lagged somewhat behind, together accounting for a further 19%.

Poland, with a CAGR of +638.0%, saw the highest growth rate of the value of imports, among the main suppliers 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 2021, growing by 7.7% against the previous year. In general, the import price, however, recorded a pronounced reduction. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+13.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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