Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Hong Kong SAR - 2023
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Hong Kong SAR (CIF) - 2022
- Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Hong Kong SAR (FOB) - 2022
- Imports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Hong Kong SAR
- Exports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Hong Kong SAR
Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Hong Kong SAR (CIF) - 2022
The average import price for borates; disodium tetraborate (refined borax), anhydroi stood at $960 per ton in 2022, which is down by -56.3% against the previous year. In general, the import price showed a dramatic descent. The growth pace was the most rapid in 2018 an increase of 17% against the previous year. The import price peaked at $3,817 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Indonesia.
From 2016 to 2022, the rate of growth in terms of prices for Indonesia amounted to 0.0% per year.
Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for borates; disodium tetraborate (refined borax), anhydroi amounted to $954 per ton, declining by -61.6% against the previous year. Overall, the export price showed a perceptible decrease. The pace of growth was the most pronounced in 2014 when the average export price increased by 92% against the previous year. The export price peaked at $2,717 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($2,609 per ton), while the average price for exports to Indonesia amounted to $935 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded growth in purchases abroad of borates; disodium tetraborate (refined borax), anhydroi, which increased by 2,303% to 193 tons in 2022. In general, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of borates; disodium tetraborate (refined borax), anhydroi soared to $185K in 2022. Over the period under review, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Indonesia | N/A | N/A | 180 | 0% | |
| China | 7.1 | 11.0 | 5.4 | -12.8% | |
| Netherlands | N/A | 3.7 | N/A | 0% | |
| Others | 0.1 | 3.0 | N/A | 2900.0% | |
| Total | 7.2 | 17.6 | 185 | 406.9% | |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Anhydrous to Hong Kong SAR in 2022:
- Indonesia (192.0 tons)
- China (0.7 tons)
Exports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Hong Kong SAR
In 2022, overseas shipments of borates; disodium tetraborate (refined borax), anhydroi were finally on the rise to reach 78 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of borates; disodium tetraborate (refined borax), anhydroi skyrocketed to $74K in 2022. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | N/A | N/A | N/A | 71.8 | 0% |
| Others | 0.4 | 0.4 | 0.4 | 2.3 | 79.2% |
| Total | 0.4 | 0.4 | 0.4 | 74.1 | 470.1% |
Top Export Markets for Borates; Disodium Tetraborate (Refined Borax), Anhydrous from Hong Kong SAR in 2022:
- Indonesia (76.8 tons)
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