Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Canada - 2024
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Canada (CIF) - 2024
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Canada (FOB) - 2022
- Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Canada
- Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Canada
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Canada (CIF) - 2024
The average import price for borates; disodium tetraborate (refined borax), other than anhydroi stood at $561 per ton in September 2023, falling by -17.9% against the previous month. In general, import price indicated a slight expansion from January 2023 to September 2023: its price increased at an average monthly rate of +1.2% over the last eight-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, import price for borates; disodium tetraborate (refined borax), other than anhydroi increased by +55.6% against June 2023 indices. The pace of growth was the most pronounced in July 2023 an increase of 52% against the previous month. The import price peaked at $683 per ton in August 2023, and then shrank markedly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($928 per ton), while the price for the United States totaled $404 per ton.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+1.3%).
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Canada (FOB) - 2022
The average export price for borates; disodium tetraborate (refined borax), other than anhydroi stood at $564 per ton in 2022, waning by -40.3% against the previous year. In general, the export price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 48%. Over the period under review, the average export prices reached the peak figure at $992 per ton in 2020; however, from 2021 to 2022, 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 2022, the rate of growth in terms of prices for Switzerland amounted to +4.2% per year.
Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Canada
After three years of growth, overseas purchases of borates; disodium tetraborate (refined borax), other than anhydroi decreased by -4% to 55K tons in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +19.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 43%. As a result, imports attained the peak of 58K tons, and then declined in the following year.
In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi contracted to $26M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +11.5% 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 +38.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. As a result, imports attained the peak of $29M, and then reduced in the following year.
| Import of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.9 | 8.4 | 10.2 | 14.6 | 22.7% |
| Turkey | 11.1 | 12.1 | 18.3 | 11.7 | 1.8% |
| Others | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Total | 19.1 | 20.7 | 28.6 | 26.4 | 11.4% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous to Canada in 2022:
- United States (38.6K tons)
- Turkey (16.7K tons)
Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Canada
In 2022, approx. 522 tons of borates; disodium tetraborate (refined borax), other than anhydroi were exported from Canada; jumping by 537% on 2021 figures. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of borates; disodium tetraborate (refined borax), other than anhydroi surged to $295K in 2022. Over the period under review, exports posted a significant increase. 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), Other than Anhydrous in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 53.7 | 67.9 | 75.0 | 295 | 76.4% |
| Others | 11.2 | 2.5 | 2.5 | 0.1 | -79.3% |
| Total | 64.9 | 70.4 | 77.4 | 295 | 65.7% |
Top Export Markets for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous from Canada in 2022:
- United States (522.3 tons)
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