Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Iraq - 2022
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Iraq (CIF) - 2022
- Imports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Iraq
Price for Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Iraq (CIF) - 2022
The average import price for borates; disodium tetraborate (refined borax), anhydroi stood at $1,166 per ton in 2022, shrinking by -19.3% against the previous year. In general, the import price, however, saw a strong expansion. The pace of growth was the most pronounced in 2013 when the average import price increased by 193% against the previous year. Over the period under review, average import prices attained the maximum at $1,691 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($8,000 per ton), while the price for Turkey stood at $1,164 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+30.1%).
Imports of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Iraq
For the fourth year in a row, Iraq recorded growth in overseas purchases of borates; disodium tetraborate (refined borax), anhydroi, which increased by 18% to 5.9 tons in 2022. Overall, imports enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 338% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of borates; disodium tetraborate (refined borax), anhydroi declined to $6.9K in 2022. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 305%. As a result, imports attained the peak of $7.3K, and then fell in the following year.
Import of Borates; Disodium Tetraborate (Refined Borax), Anhydrous in Iraq (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | N/A | N/A | N/A | 6.9 | 0% |
India | 0.4 | 1.8 | 7.3 | N/A | 327.2% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 0.4 | 1.8 | 7.3 | 6.9 | 158.4% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Anhydrous to Iraq in 2022:
- Turkey (5.9 tons)
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