Borates; Peroxoborates (Perborates) Price in India - 2023
Contents:
- Borates; Peroxoborates (Perborates) Price in India (CIF) - 2022
- Borates; Peroxoborates (Perborates) Price in India (FOB) - 2022
- Borates; Peroxoborates (Perborates) Imports in India
- Borates; Peroxoborates (Perborates) Exports in India
Borates; Peroxoborates (Perborates) Price in India (CIF) - 2022
The average borates; peroxoborates (perborates) import price stood at $661 per ton in 2022, jumping by 23% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,743 per ton), while the price for Malaysia ($400 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Borates; Peroxoborates (Perborates) Price in India (FOB) - 2022
In 2022, the average borates; peroxoborates (perborates) export price amounted to $2,203 per ton, growing by 14% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, borates; peroxoborates (perborates) export price increased by +82.1% against 2017 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($3,216 per ton), while the average price for exports to Indonesia ($711 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 Italy (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.
Borates; Peroxoborates (Perborates) Imports in India
In 2022, overseas purchases of borates; peroxoborates (perborates)s decreased by -17.5% to 108K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +5.5% 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 when imports increased by 34%. As a result, imports attained the peak of 131K tons, and then fell remarkably in the following year.
In value terms, borates; peroxoborates (perborates) imports reached $71M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +12.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.8% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Borates; Peroxoborates (Perborates) in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 24.2 | 23.8 | 33.6 | 39.0 | 17.2% |
| United States | 18.1 | 20.5 | 24.2 | 23.6 | 9.2% |
| Malaysia | 0.8 | 1.0 | 1.0 | 1.1 | 11.2% |
| Others | 6.6 | 5.8 | 11.7 | 7.7 | 5.3% |
| Total | 49.7 | 51.2 | 70.6 | 71.5 | 12.9% |
Top Suppliers of Borates; Peroxoborates (Perborates) to India in 2022:
- Turkey (68.0K tons)
- United States (31.5K tons)
- Malaysia (2.9K tons)
Borates; Peroxoborates (Perborates) Exports in India
For the fourth year in a row, India recorded growth in overseas shipments of borates; peroxoborates (perborates)s, which increased by 31% to 5.3K tons in 2022. In general, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, borates; peroxoborates (perborates) exports skyrocketed to $12M in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Borates; Peroxoborates (Perborates) in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,915 | 3,325 | 3,339 | 6,148 | 47.5% |
| Italy | 546 | 411 | 955 | 2,032 | 55.0% |
| Poland | 331 | 321 | 316 | 416 | 7.9% |
| Nepal | 127 | 137 | 198 | 348 | 39.9% |
| Bangladesh | 228 | 201 | 184 | 322 | 12.2% |
| Australia | 136 | 75.8 | 147 | 264 | 24.7% |
| Indonesia | 79.2 | 102 | 97.1 | 203 | 36.9% |
| Myanmar | 36.2 | 62.6 | 56.2 | 199 | 76.5% |
| Saudi Arabia | 43.2 | 87.9 | 103 | 181 | 61.2% |
| United Arab Emirates | 76.9 | 86.5 | 101 | 176 | 31.8% |
| Syrian Arab Republic | 37.9 | 46.9 | 43.2 | 101 | 38.6% |
| Thailand | 82.4 | 58.4 | 22.8 | 54.0 | -13.1% |
| Malaysia | 334 | 45.9 | 24.6 | 22.1 | -59.6% |
| Others | 551 | 578 | 2,236 | 1,266 | 32.0% |
| Total | 4,523 | 5,539 | 7,823 | 11,732 | 37.4% |
Top Export Markets for Borates; Peroxoborates (Perborates) from India in 2022:
- United States (2252.0 tons)
- Italy (661.1 tons)
- Nepal (373.7 tons)
- Indonesia (285.7 tons)
- Saudi Arabia (243.5 tons)
- Myanmar (195.3 tons)
- Bangladesh (188.3 tons)
- Australia (152.9 tons)
- Syrian Arab Republic (134.9 tons)
- Poland (129.4 tons)
- United Arab Emirates (115.1 tons)
- Thailand (70.6 tons)
- Malaysia (29.6 tons)
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