Price for Boron Oxide and Boric Acid in Nepal - 2022
Contents:
- Price for Boron Oxide and Boric Acid in Nepal (CIF) - 2022
- Imports of Boron Oxide and Boric Acid in Nepal
Price for Boron Oxide and Boric Acid in Nepal (CIF) - 2022
In 2022, the average import price for oxides of boron and boric acids amounted to $1,701 per ton, growing by 7.4% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, boron oxide and boric acid import price increased by +40.5% against 2019 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by 36%. The import price peaked in 2022 and is likely to continue growth in the near future.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +7.5% per year.
Imports of Boron Oxide and Boric Acid in Nepal
In 2022, the amount of oxides of boron and boric acids imported into Nepal reduced slightly to 171 tons, shrinking by -1.9% on 2021. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +7.9% 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 +63.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 67%. As a result, imports reached the peak of 174 tons, and then shrank in the following year.
In value terms, boron oxide and boric acid imports expanded rapidly to $291K in 2022. Over the period under review, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 88% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Boron Oxide and Boric Acid in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 165 | 147 | 276 | 291 | 20.8% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 165 | 147 | 276 | 291 | 20.8% |
Top Suppliers of Boron Oxide and Boric Acid to Nepal in 2022:
- India (171.0 tons)
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