Borates; Peroxoborates (Perborates) Price in Myanmar - 2022
Contents:
- Borates; Peroxoborates (Perborates) Price in Myanmar (CIF) - 2022
- Borates; Peroxoborates (Perborates) Imports in Myanmar
Borates; Peroxoborates (Perborates) Price in Myanmar (CIF) - 2022
The average borates; peroxoborates (perborates) import price stood at $702 per ton in 2022, jumping by 29% against the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, borates; peroxoborates (perborates) import price increased by +106.5% against 2017 indices. The growth pace was the most rapid in 2018 when the average import price increased by 31%. Over the period under review, average import prices attained the maximum at $703 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($902 per ton), while the price for China ($297 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Borates; Peroxoborates (Perborates) Imports in Myanmar
In 2022, approx. 976 tons of borates; peroxoborates (perborates)s were imported into Myanmar; increasing by 2% compared with 2021 figures. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +15.0% 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 decreased by -25.6% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 104%. As a result, imports reached the peak of 1.3K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, borates; peroxoborates (perborates) imports soared to $685K in 2022. In general, imports enjoyed significant growth. The growth pace was the most rapid in 2020 when imports increased by 97%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Import of Borates; Peroxoborates (Perborates) in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 25.6 | 16.0 | 148 | 383 | 146.4% |
| India | 30.2 | 86.5 | 35.2 | 150 | 70.6% |
| United States | 37.4 | 63.0 | 49.4 | 67.8 | 21.9% |
| Thailand | 3.1 | 11.1 | 2.3 | 35.1 | 124.6% |
| China | 39.8 | 112 | 114 | 29.8 | -9.2% |
| Argentina | 15.9 | 102 | 28.1 | 19.2 | 6.5% |
| Malaysia | 183 | 272 | 143 | N/A | -11.6% |
| Others | 2.4 | 3.3 | 1.1 | N/A | -32.3% |
| Total | 337 | 665 | 522 | 685 | 26.7% |
Top Suppliers of Borates; Peroxoborates (Perborates) to Myanmar in 2022:
- Turkey (513.0 tons)
- India (166.0 tons)
- China (100.0 tons)
- United States (79.1 tons)
- Thailand (69.8 tons)
- Argentina (48.0 tons)
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