Ireland: Market for Oxides Of Boron and Boric Acids 2024

Market Size for Oxides Of Boron and Boric Acids in Ireland

The Irish market for oxides of boron and boric acids fell sharply to $X in 2021, with a decrease of -30.7% 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). Over the period under review, consumption continues to indicate a noticeable reduction. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Exports of Oxides Of Boron and Boric Acids

Exports from Ireland

For the fourth year in a row, Ireland recorded growth in shipments abroad of oxides of boron and boric acids, which increased by 6.2% to X tons in 2021. In general, exports, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2016 with an increase of 755% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, boron oxide and boric acid exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2016 when exports increased by 877%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for boron oxide and boric acid exports from Ireland, with a 93% share of total exports. Moreover, boron oxide and boric acid exports to the UK exceeded the volume sent to the second major destination, France (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the UK amounted to +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (0.0% per year) and Belgium (-53.5% per year).

In value terms, the UK ($X) remains the key foreign market for oxides of boron and boric acids exports from Ireland, comprising 90% of total exports. The second position in the ranking was held by France ($X), with a 4.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK totaled +2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (0.0% per year) and Belgium (-43.7% per year).

Export Prices by Country

The average export price for oxides of boron and boric acids stood at $X per ton in 2021, growing by 16% against the previous year. Over the period under review, the export price, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2015 when the average export price increased by 54% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per ton), while the average price for exports to the UK ($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 Belgium (+21.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Oxides Of Boron and Boric Acids

Imports into Ireland

In 2021, the amount of oxides of boron and boric acids imported into Ireland dropped markedly to X tons, which is down by -21.7% compared with 2020. In general, imports showed a deep slump. The pace of growth appeared the most rapid in 2015 with an increase of 86%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, boron oxide and boric acid imports shrank rapidly to $X in 2021. Overall, imports showed a mild reduction. The pace of growth was the most pronounced in 2018 when imports increased by 113% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Poland (X tons), the UK (X tons) and Turkey (X tons) were the main suppliers of boron oxide and boric acid imports to Ireland, together comprising 84% of total imports. These countries were followed by Italy, Germany, the United States and the Netherlands, which together accounted for a further 12%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +43.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of oxides of boron and boric acids to Ireland, comprising 59% of total imports. The second position in the ranking was held by the UK ($X), with a 12% share of total imports. It was followed by Italy, with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Poland amounted to +16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-6.6% per year) and Italy (+10.2% per year).

Import Prices by Country

The average import price for oxides of boron and boric acids stood at $X per ton in 2021, falling by -15.9% against the previous year. Over the period under review, the import price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 72%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+24.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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