Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Sri Lanka - 2022
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Sri Lanka (CIF) - 2022
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Sri Lanka (FOB) - 2022
- Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Sri Lanka
- Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Sri Lanka
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Sri Lanka (CIF) - 2022
The average import price for borates; disodium tetraborate (refined borax), other than anhydroi stood at $677 per ton in 2022, growing by 27% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 China ($813 per ton), while the price for Singapore ($217 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.4%), 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 Sri Lanka (FOB) - 2022
The average export price for borates; disodium tetraborate (refined borax), other than anhydroi stood at $542 per ton in 2022, approximately reflecting the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 18%. As a result, the export price reached the peak level of $811 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Maldives.
From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to -0.8% per year.
Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Sri Lanka
Imports of borates; disodium tetraborate (refined borax), other than anhydroi into Sri Lanka shrank to 431 tons in 2022, with a decrease of -9.9% on the year before. Overall, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 19%.
In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi totaled $291K in 2022. Over the period under review, imports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2021 when imports increased by 38%.
| Import of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 160 | 122 | 176 | 226 | 12.2% |
| United States | 93.8 | 23.9 | 54.7 | 38.1 | -25.9% |
| China | 15.0 | 16.9 | 20.3 | 23.9 | 16.8% |
| Argentina | 42.6 | 20.2 | N/A | N/A | -52.6% |
| Others | 11.2 | 1.7 | 4.1 | 3.1 | -34.8% |
| Total | 323 | 185 | 255 | 291 | -3.4% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous to Sri Lanka in 2022:
- Turkey (340.8 tons)
- United States (54.1 tons)
- China (29.4 tons)
Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Sri Lanka
Exports of borates; disodium tetraborate (refined borax), other than anhydroi from Sri Lanka contracted to 131 kg in 2022, reducing by -14.9% compared with 2021. In general, exports showed a abrupt slump.
In value terms, exports of borates; disodium tetraborate (refined borax), other than anhydroi dropped to $71 in 2022. Over the period under review, exports recorded a abrupt descent. The smallest decline of -14.2% was in 2020.
| Export of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Sri Lanka (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 113 | 97.0 | 83.0 | 71.0 | -14.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 113 | 97.0 | 83.0 | 71.0 | -14.4% |
Top Export Markets for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous from Sri Lanka in 2022:
- Maldives (131.0 kg)
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