Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Brazil - 2024
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Brazil (CIF) - 2024
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Brazil (FOB) - 2022
- Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Brazil
- Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Brazil
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Brazil (CIF) - 2024
The average import price for borates; disodium tetraborate (refined borax), other than anhydroi stood at $863 per ton in September 2023, surging by 5.8% against the previous month. Over the last seven months, it increased at an average monthly rate of +4.8%. The pace of growth was the most pronounced in March 2023 an increase of 35% month-to-month. The import price peaked in September 2023.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the United States ($966 per ton), while the price for Turkey ($570 per ton) was amongst the lowest.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Brazil (FOB) - 2022
The average export price for borates; disodium tetraborate (refined borax), other than anhydroi stood at $928 per ton in 2022, growing by 33% against the previous year. Overall, the export price, however, continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2018 an increase of 62% against the previous year. The export price peaked at $2,065 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guyana ($2,962 per ton), while the average price for exports to Uruguay ($671 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 Guyana (+7.1%), 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 Brazil
In 2022, overseas purchases of borates; disodium tetraborate (refined borax), other than anhydroi decreased by -13.6% to 20K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a pronounced descent. The most prominent rate of growth was recorded in 2020 when imports increased by 3.7% against the previous year.
In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi shrank to $13M in 2022. In general, imports continue to indicate a mild setback. The pace of growth appeared the most rapid in 2020 when imports increased by 1% against the previous year. As a result, imports attained the peak of $14M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.6 | 7.8 | 6.0 | 4.9 | -13.6% |
| Argentina | 3.3 | 3.1 | 4.1 | 4.1 | 7.5% |
| Turkey | 2.4 | 2.7 | 3.3 | 3.9 | 17.6% |
| Others | 0.3 | N/A | 0.1 | N/A | -42.3% |
| Total | 13.5 | 13.7 | 13.5 | 12.9 | -1.5% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous to Brazil in 2022:
- United States (7.1K tons)
- Turkey (6.8K tons)
- Argentina (6.3K tons)
Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Brazil
After three years of growth, overseas shipments of borates; disodium tetraborate (refined borax), other than anhydroi decreased by -4.4% to 44 tons in 2022. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 95%.
In value terms, exports of borates; disodium tetraborate (refined borax), other than anhydroi soared to $41K in 2022. In general, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 when exports increased by 44% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uruguay | 1.3 | 2.9 | 1.6 | 11.6 | 107.4% |
| Bolivia | N/A | N/A | 2.9 | 6.8 | 134.5% |
| Philippines | 1.1 | 5.7 | 12.8 | 6.4 | 79.9% |
| Guyana | N/A | 2.3 | 2.3 | 4.4 | 38.3% |
| Chile | 2.6 | 0.6 | 2.4 | 3.7 | 12.5% |
| Peru | 0.6 | 4.3 | 8.5 | 1.8 | 44.2% |
| Paraguay | 1.7 | 0.7 | N/A | 1.3 | -8.6% |
| Ecuador | N/A | 1.5 | 1.1 | N/A | -26.7% |
| Argentina | 11.5 | N/A | N/A | N/A | 0% |
| Others | N/A | 4.5 | 0.8 | 5.2 | 7.5% |
| Total | 18.8 | 22.5 | 32.4 | 41.1 | 29.8% |
Top Export Markets for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous from Brazil in 2022:
- Uruguay (17.3 tons)
- Bolivia (9.6 tons)
- Philippines (8.3 tons)
- Chile (3.5 tons)
- Peru (2.3 tons)
- Guyana (1.5 tons)
- Paraguay (1.0 tons)
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