Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Myanmar - 2023
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Myanmar (CIF) - 2022
- Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Myanmar
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Myanmar (CIF) - 2022
The average import price for borates; disodium tetraborate (refined borax), other than anhydroi stood at $474 per ton in 2022, falling by -27.7% against the previous year. In general, the import price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2016 when the average import price increased by 63% against the previous year. The import price peaked at $656 per ton in 2021, and then contracted significantly in the following year.
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 ($550 per ton), while the price for China ($297 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Myanmar
In 2022, approx. 632 tons of borates; disodium tetraborate (refined borax), other than anhydroi were imported into Myanmar; with an increase of 41% against 2021. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 150%. As a result, imports reached the peak of 784 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi rose modestly to $300K in 2022. Over the period under review, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 126% against the previous year. As a result, imports attained the peak of $370K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 41.5 | 69.6 | 78.4 | 150 | 53.5% |
| Turkey | N/A | 16.8 | 161 | 75.6 | 112.1% |
| China | N/A | 21.0 | N/A | 29.8 | 19.1% |
| United States | 101 | 219 | 54.2 | 21.5 | -40.3% |
| Argentina | 21.8 | 43.7 | N/A | 19.2 | -4.1% |
| Thailand | N/A | N/A | N/A | 4.0 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 164 | 370 | 293 | 300 | 22.3% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous to Myanmar in 2022:
- India (272.0 tons)
- Turkey (162.0 tons)
- China (100.0 tons)
- Argentina (48.0 tons)
- United States (39.9 tons)
- Thailand (10.0 tons)
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