Northern America: Market for Oxides Of Boron and Boric Acids 2024

Market Size for Oxides Of Boron and Boric Acids in Northern America

After two years of growth, the North American market for oxides of boron and boric acids decreased by -4.2% to $X in 2021. Overall, consumption recorded a mild curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Oxides Of Boron and Boric Acids in Northern America

In value terms, boron oxide and boric acid production reduced slightly to $X in 2021 estimated in export price. Over the period under review, production recorded a mild descent. The most prominent rate of growth was recorded in 2019 when the production volume increased by 18%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Oxides Of Boron and Boric Acids

Exports in Northern America

In 2021, the amount of oxides of boron and boric acids exported in Northern America rose remarkably to X tons, with an increase of 8.9% against 2020 figures. Total exports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -15.7% against 2019 indices. The pace of growth was the most pronounced in 2018 when exports increased by 34%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, boron oxide and boric acid exports rose notably to $X in 2021. The total export value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 35%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, the United States (X tons) represented the largest exporter of oxides of boron and boric acids in Northern America, committing 100% of total export.

The United States was also the fastest-growing in terms of the oxides of boron and boric acids exports, with a CAGR of +4.4% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest boron oxide and boric acid supplier in Northern America.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at +1.5%.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, growing by 3.2% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2020 an increase of 33%. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -2.7% per year.

Imports of Oxides Of Boron and Boric Acids

Imports in Northern America

In 2021, overseas purchases of oxides of boron and boric acids increased by 35% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, boron oxide and boric acid imports surged to $X in 2021. In general, imports, however, saw a noticeable decrease. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The United States was the major importing country with an import of about X tons, which finished at 77% of total imports. It was distantly followed by Canada (X tons), creating a 22% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of oxides of boron and boric acids. At the same time, Canada (+11.0%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +11.0% from 2012-2021. While the share of Canada (+12 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the United States (-13.1 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported oxides of boron and boric acids in Northern America, comprising 73% of total imports. The second position in the ranking was held by Canada ($X), with a 25% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at -3.8%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, surging by 1.8% against the previous year. In general, the import price, however, showed a perceptible decline. The pace of growth appeared the most rapid in 2014 an increase of 17%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-3.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :