Price for Boron Oxide and Boric Acid in Latvia - 2023
Contents:
- Price for Boron Oxide and Boric Acid in Latvia (CIF) - 2022
- Price for Boron Oxide and Boric Acid in Latvia (FOB) - 2022
- Imports of Boron Oxide and Boric Acid in Latvia
- Exports of Boron Oxide and Boric Acid in Latvia
Price for Boron Oxide and Boric Acid in Latvia (CIF) - 2022
The average import price for oxides of boron and boric acids stood at $1,011 per ton in 2022, growing by 35% against the previous year. In general, the import price saw a resilient expansion. The most prominent rate of growth was recorded in 2020 an increase of 58% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($3,169 per ton), while the price for Turkey totaled $652 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+19.1%).
Price for Boron Oxide and Boric Acid in Latvia (FOB) - 2022
The average export price for oxides of boron and boric acids stood at $776 per ton in 2022, picking up by 17% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The export price peaked at $783 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($815 per ton), while the average price for exports to Finland ($461 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+54.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Boron Oxide and Boric Acid in Latvia
In 2022, the amount of oxides of boron and boric acids imported into Latvia dropped remarkably to 8K tons, with a decrease of -36.1% against the year before. Overall, imports recorded a noticeable decrease. The pace of growth was the most pronounced in 2021 with an increase of 61%. As a result, imports reached the peak of 12K tons, and then dropped dramatically in the following year.
In value terms, boron oxide and boric acid imports contracted to $8.1M in 2022. In general, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 54%. As a result, imports attained the peak of $9.4M, and then fell in the following year.
| Import of Boron Oxide and Boric Acid in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1.6 | 3.3 | 6.4 | 4.5 | 41.2% |
| Finland | 2.7 | 2.8 | 2.9 | 3.5 | 9.0% |
| Others | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Total | 4.5 | 6.1 | 9.4 | 8.1 | 21.6% |
Top Suppliers of Boron Oxide and Boric Acid to Latvia in 2022:
- Turkey (6.9K tons)
- Finland (1.1K tons)
Exports of Boron Oxide and Boric Acid in Latvia
After three years of growth, shipments abroad of oxides of boron and boric acids decreased by -52.1% to 5.5K tons in 2022. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 101%. As a result, the exports attained the peak of 11K tons, and then declined sharply in the following year.
In value terms, boron oxide and boric acid exports dropped markedly to $4.3M in 2022. In general, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 106% against the previous year. As a result, the exports reached the peak of $7.6M, and then shrank rapidly in the following year.
| Export of Boron Oxide and Boric Acid in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 0.6 | 1.5 | 3.7 | 2.8 | 67.1% |
| Lithuania | 1.2 | 2.0 | 3.6 | 1.4 | 5.3% |
| Finland | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.2 | 0.2 | 0.4 | N/A | 41.4% |
| Total | 2.0 | 3.7 | 7.6 | 4.3 | 29.1% |
Top Export Markets for Boron Oxide and Boric Acid from Latvia in 2022:
- Poland (3.4K tons)
- Lithuania (1.8K tons)
- Finland (0.3K tons)
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