Indonesia: Market for Oxides Of Boron and Boric Acids 2024

Market Size for Oxides Of Boron and Boric Acids in Indonesia

The Indonesian market for oxides of boron and boric acids fell modestly to $X in 2021, with a decrease of -3.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption faced a abrupt curtailment. Boron oxide and boric acid consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Exports of Oxides Of Boron and Boric Acids

Exports from Indonesia

Boron oxide and boric acid exports from Indonesia shrank markedly to X tons in 2021, which is down by -81.5% on 2020. Over the period under review, exports recorded a sharp setback. The most prominent rate of growth was recorded in 2015 with an increase of 350%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, boron oxide and boric acid exports fell sharply to $X in 2021. In general, exports saw a sharp contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 195%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Thailand (X tons) was the main destination for boron oxide and boric acid exports from Indonesia, accounting for a 83% share of total exports. Moreover, boron oxide and boric acid exports to Thailand exceeded the volume sent to the second major destination, Australia (X kg), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Thailand amounted to -26.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-73.4% per year) and Malaysia (-30.7% per year).

In value terms, Thailand ($X) remains the key foreign market for oxides of boron and boric acids exports from Indonesia, comprising 74% of total exports. The second position in the ranking was held by Australia ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Thailand stood at -18.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-53.7% per year) and Malaysia (-26.3% per year).

Export Prices by Country

In 2021, the average export price for oxides of boron and boric acids amounted to $X per ton, picking up by 45% against the previous year. Overall, the export price continues to indicate resilient growth. The pace of growth was the most pronounced in 2020 an increase of 176%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+74.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Oxides Of Boron and Boric Acids

Imports into Indonesia

In 2021, imports of oxides of boron and boric acids into Indonesia contracted rapidly to X tons, with a decrease of -18% on the previous year. In general, imports recorded a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 95%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, boron oxide and boric acid imports expanded modestly to $X in 2021. Overall, imports showed a drastic downturn. The growth pace was the most rapid in 2018 with an increase of 74% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest boron oxide and boric acid supplier to Indonesia, accounting for a 63% share of total imports. Moreover, boron oxide and boric acid imports from Turkey exceeded the figures recorded by the second-largest supplier, Peru (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (-10.7% per year) and the United States (-23.7% per year).

In value terms, Turkey ($X) constituted the largest supplier of oxides of boron and boric acids to Indonesia, comprising 40% of total imports. The second position in the ranking was held by Peru ($X), with an 18% share of total imports. It was followed by the United States, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value from Turkey stood at -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (-12.6% per year) and the United States (-27.5% per year).

Import Prices by Country

In 2021, the average import price for oxides of boron and boric acids amounted to $X per ton, with an increase of 24% against the previous year. Overall, the import price, however, continues to indicate a noticeable downturn. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Peru ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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