Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Belgium - 2023
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Belgium (CIF) - 2023
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Belgium (FOB) - 2022
- Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Belgium
- Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Belgium
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Belgium (CIF) - 2023
In September 2023, the average import price for borates; disodium tetraborate (refined borax), other than anhydroi amounted to $659 per ton, which is down by -42.5% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 100% m-o-m. Over the period under review, average import prices reached the peak figure at $1,145 per ton in August 2023, and then plummeted in the following month.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the UK ($43,130 per ton), while the price for the United States amounted to $7,770 per ton.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+31.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Belgium (FOB) - 2022
The average export price for borates; disodium tetraborate (refined borax), other than anhydroi stood at $1,954 per ton in 2022, jumping by 37% against the previous year. Overall, the export price enjoyed a strong increase. The growth pace was the most rapid in 2013 an increase of 81% against the previous year. 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 Malaysia ($20,554 per ton), while the average price for exports to the Netherlands ($654 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 the UK (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Belgium
For the fourth consecutive year, Belgium recorded growth in overseas purchases of borates; disodium tetraborate (refined borax), other than anhydroi, which increased by 12% to 11K tons in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +19.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.1% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 30% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi surged to $5.8M in 2022. The total import value increased at an average annual rate of +6.9% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Luxembourg | 3.6 | 2.8 | 2.4 | 3.5 | -0.9% |
| Netherlands | 0.4 | 1.2 | 1.9 | 1.8 | 65.1% |
| Spain | N/A | 0.2 | 0.1 | 0.5 | 58.1% |
| United Kingdom | 0.3 | 0.4 | N/A | N/A | 33.3% |
| Others | 0.5 | 0.3 | 0.5 | 0.1 | -41.5% |
| Total | 4.8 | 4.9 | 5.0 | 5.8 | 6.5% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous to Belgium in 2022:
- Luxembourg (7.1K tons)
- Netherlands (3.5K tons)
- Spain (0.5K tons)
Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Belgium
In 2022, shipments abroad of borates; disodium tetraborate (refined borax), other than anhydroi decreased by -3.5% to 334 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 146% against the previous year. As a result, the exports attained the peak of 346 tons, and then dropped modestly in the following year.
In value terms, exports of borates; disodium tetraborate (refined borax), other than anhydroi skyrocketed to $653K in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 113% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 0.2 | 0.1 | 0.1 | 264 | 997.0% |
| France | 70.9 | 97.5 | 147 | 149 | 28.1% |
| Germany | 13.6 | 16.7 | 54.5 | 55.2 | 59.5% |
| Sweden | 33.0 | 18.3 | 38.5 | 44.1 | 10.1% |
| Netherlands | 6.7 | 24.7 | 82.9 | 40.6 | 82.3% |
| Algeria | 1.5 | 2.3 | N/A | 9.6 | 85.7% |
| United Kingdom | 5.3 | 2.6 | 27.2 | 8.7 | 18.0% |
| Spain | 1.6 | 11.0 | 11.4 | 7.1 | 64.3% |
| United Arab Emirates | 3.3 | 5.7 | 20.0 | 1.3 | -26.7% |
| Ghana | 1.5 | 15.7 | 35.3 | 0.6 | -26.3% |
| Cameroon | 10.4 | N/A | 4.9 | N/A | -31.4% |
| Others | 33.2 | 37.4 | 72.2 | 72.6 | 29.8% |
| Total | 181 | 232 | 494 | 653 | 53.4% |
Top Export Markets for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous from Belgium in 2022:
- France (148.0 tons)
- Netherlands (62.0 tons)
- Germany (57.4 tons)
- Algeria (14.2 tons)
- Malaysia (12.8 tons)
- Sweden (7.1 tons)
- United Kingdom (5.9 tons)
- Spain (3.1 tons)
- United Arab Emirates (1.7 tons)
- Ghana (0.5 tons)
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