Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Iran - 2022
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Iran (CIF) - 2022
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Iran (FOB) - 2022
- Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Iran
- Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Iran
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Iran (CIF) - 2022
In 2022, the average import price for borates; disodium tetraborate (refined borax), other than anhydroi amounted to $1,001 per ton, picking up by 59% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for borates; disodium tetraborate (refined borax), other than anhydroi increased by +75.5% against 2015 indices. 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 Canada ($1,415 per ton), while the price for South Korea ($662 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+4.7%), 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 Iran (FOB) - 2022
In 2022, the average export price for borates; disodium tetraborate (refined borax), other than anhydroi amounted to $2,148 per ton, with an increase of 6% against the previous year. Overall, the export price saw strong growth. The most prominent rate of growth was recorded in 2018 an increase of 163%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Armenia ($4,558 per ton), while the average price for exports to Azerbaijan amounted to $354 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+22.7%), 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 Iran
In 2022, the amount of borates; disodium tetraborate (refined borax), other than anhydroi imported into Iran shrank dramatically to 850 tons, waning by -83.8% compared with the previous year's figure. Overall, imports showed a sharp decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 56%.
In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi dropped significantly to $851K in 2022. Over the period under review, imports showed a precipitous descent. The most prominent rate of growth was recorded in 2021 when imports increased by 60%.
| Import of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 3,534 | 829 | 2,127 | 538 | -46.6% |
| China | 496 | 615 | 662 | 167 | -30.4% |
| Canada | 203 | 172 | 173 | 41.3 | -41.2% |
| South Korea | 105 | 101 | 113 | 30.6 | -33.7% |
| India | 86.5 | 86.6 | 103 | 29.0 | -30.5% |
| United Arab Emirates | 28.2 | 135 | 79.3 | 20.8 | -9.6% |
| Others | 119 | 116 | 28.7 | 23.9 | -41.4% |
| Total | 4,572 | 2,054 | 3,286 | 851 | -42.9% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous to Iran in 2022:
- Turkey (601.9 tons)
- China (208.7 tons)
- South Korea (46.1 tons)
- Canada (29.2 tons)
- India (28.0 tons)
- United Arab Emirates (20.1 tons)
Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Iran
In 2022, approx. 975 kg of borates; disodium tetraborate (refined borax), other than anhydroi were exported from Iran; falling by -7.9% on 2021. Overall, exports saw a abrupt contraction. The smallest decline of -7.9% was in 2020.
In value terms, exports of borates; disodium tetraborate (refined borax), other than anhydroi shrank to $2.1K in 2022. In general, exports recorded a pronounced curtailment. The smallest decline of -2.4% was in 2020.
| Export of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Armenia | 1.9 | 1.9 | 1.9 | 1.9 | 0.0% |
| Azerbaijan | 0.3 | 0.3 | 0.2 | 0.2 | -12.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.3 | 2.2 | 2.1 | 2.1 | -3.0% |
Top Export Markets for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous from Iran in 2022:
- Azerbaijan (559.0 kg)
- Armenia (416.0 kg)
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