Borates; Peroxoborates (Perborates) Price in Canada - 2023
Contents:
- Borates; Peroxoborates (Perborates) Price in Canada (CIF) - 2023
- Borates; Peroxoborates (Perborates) Price in Canada (FOB) - 2022
- Borates; Peroxoborates (Perborates) Imports in Canada
- Borates; Peroxoborates (Perborates) Exports in Canada
Borates; Peroxoborates (Perborates) Price in Canada (CIF) - 2023
In September 2023, the average borates; peroxoborates (perborates) import price amounted to $695 per ton, reducing by -5.5% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 when the average import price increased by 34% month-to-month. The import price peaked at $805 per ton in February 2023; however, from March 2023 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Turkey ($928 per ton), while the price for the United States totaled $616 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Turkey (+1.1%).
Borates; Peroxoborates (Perborates) Price in Canada (FOB) - 2022
The average borates; peroxoborates (perborates) export price stood at $783 per ton in 2022, which is down by -8.6% against the previous year. In general, the export price saw a perceptible curtailment. The growth pace was the most rapid in 2021 an increase of 7.9%. The export price peaked at $1,251 per ton in 2012; however, from 2013 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 the United States ($1,948 per ton), while the average price for exports to New Caledonia ($653 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (-2.3%), while the prices for the other major destinations experienced a decline.
Borates; Peroxoborates (Perborates) Imports in Canada
In 2022, after three years of growth, there was decline in overseas purchases of borates; peroxoborates (perborates)s, when their volume decreased by -3.9% to 62K tons. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +18.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 41%. As a result, imports attained the peak of 64K tons, and then declined modestly in the following year.
In value terms, borates; peroxoborates (perborates) imports declined to $40M in 2022. The total import value increased at an average annual rate of +8.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year. As a result, imports reached the peak of $45M, and then fell in the following year.
| Import of Borates; Peroxoborates (Perborates) in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 19.0 | 22.5 | 24.7 | 25.5 | 10.3% |
| Turkey | 11.3 | 12.3 | 19.0 | 12.3 | 2.9% |
| Others | 1.0 | 0.8 | 0.8 | 2.2 | 30.1% |
| Total | 31.2 | 35.6 | 44.6 | 40.0 | 8.6% |
Top Suppliers of Borates; Peroxoborates (Perborates) to Canada in 2022:
- United States (43.7K tons)
- Turkey (17.3K tons)
Borates; Peroxoborates (Perborates) Exports in Canada
For the fourth consecutive year, Canada recorded growth in shipments abroad of borates; peroxoborates (perborates)s, which increased by 44% to 5.9K tons in 2022. Overall, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +22.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +83.6% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, borates; peroxoborates (perborates) exports skyrocketed to $4.6M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +18.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.1% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Borates; Peroxoborates (Perborates) in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 787 | 634 | 1,026 | 1,144 | 13.3% |
| Australia | 448 | 801 | 528 | 814 | 22.0% |
| Netherlands | 205 | 251 | 370 | 532 | 37.4% |
| South Africa | 210 | 169 | 234 | 468 | 30.6% |
| China | 88.1 | 196 | 157 | 323 | 54.2% |
| Indonesia | 48.1 | 56.1 | 99.7 | 230 | 68.5% |
| New Caledonia | 85.4 | 7.9 | 95.2 | 186 | 29.6% |
| South Korea | 83.2 | 74.6 | 66.6 | 107 | 8.7% |
| Turkey | 114 | 74.5 | 249 | 96.0 | -5.6% |
| Brazil | 65.3 | 14.2 | 68.1 | 77.6 | 5.9% |
| United Kingdom | 68.2 | 64.8 | 74.5 | 61.3 | -3.5% |
| Malaysia | 23.2 | 28.0 | 66.6 | 61.1 | 38.1% |
| Jordan | 20.3 | 22.2 | 2.4 | 58.4 | 42.2% |
| Others | 493 | 502 | 468 | 447 | -3.2% |
| Total | 2,739 | 2,895 | 3,504 | 4,605 | 18.9% |
Top Export Markets for Borates; Peroxoborates (Perborates) from Canada in 2022:
- Australia (1247.0 tons)
- Netherlands (814.1 tons)
- South Africa (715.7 tons)
- United States (587.6 tons)
- China (494.7 tons)
- Indonesia (351.4 tons)
- New Caledonia (285.5 tons)
- South Korea (163.2 tons)
- Turkey (147.0 tons)
- Brazil (118.8 tons)
- United Kingdom (93.6 tons)
- Malaysia (93.5 tons)
- Jordan (89.1 tons)
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