Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Vietnam - 2022
Contents:
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Vietnam (CIF) - 2022
- Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Vietnam (FOB) - 2022
- Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Vietnam
- Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Vietnam
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Vietnam (CIF) - 2022
In 2022, the average import price for borates; disodium tetraborate (refined borax), other than anhydroi amounted to $581 per ton, picking up by 17% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2013 when the average import price increased by 25%. The import price peaked at $600 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($588 per ton), while the price for Peru ($377 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Vietnam (FOB) - 2022
In 2022, the average export price for borates; disodium tetraborate (refined borax), other than anhydroi amounted to $622 per ton, picking up by 9.3% against the previous year. Over the period under review, the export price, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 10% against the previous year. The export price peaked at $943 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Lao People's Democratic Republic ($624 per ton) and India ($622 per ton), while the average price for exports to Cambodia ($455 per ton) and Malaysia ($622 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+0.2%), while the prices for the other major destinations experienced a decline.
Imports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Vietnam
In 2022, imports of borates; disodium tetraborate (refined borax), other than anhydroi into Vietnam dropped slightly to 12K tons, waning by -2.5% compared with the previous year's figure. Over the period under review, imports showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 12% against the previous year.
In value terms, imports of borates; disodium tetraborate (refined borax), other than anhydroi totaled $7.1M in 2022. The total import value increased at an average annual rate of +7.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.
| Import of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1.2 | 0.6 | 2.4 | 3.9 | 48.1% |
| United States | 3.9 | 3.9 | 2.8 | 2.3 | -16.1% |
| Malaysia | 0.2 | 0.1 | 0.7 | 0.6 | 44.2% |
| Peru | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Argentina | 0.1 | 0.2 | N/A | 0.1 | 0.0% |
| Others | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Total | 5.6 | 5.0 | 6.2 | 7.1 | 8.2% |
Top Suppliers of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous to Vietnam in 2022:
- Turkey (6.6K tons)
- United States (3.9K tons)
- Malaysia (1.0K tons)
- Peru (0.3K tons)
- Argentina (0.2K tons)
Exports of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Vietnam
For the fourth year in a row, Vietnam recorded growth in overseas shipments of borates; disodium tetraborate (refined borax), other than anhydroi, which increased by 18% to 14 tons in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +18.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 18%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of borates; disodium tetraborate (refined borax), other than anhydroi skyrocketed to $8.7K in 2022. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | N/A | N/A | N/A | 5.3 | 0% |
| India | N/A | N/A | N/A | 1.2 | 0% |
| New Zealand | N/A | N/A | N/A | 1.2 | 0% |
| Malaysia | 2.6 | 1.2 | 0.7 | 0.7 | -35.4% |
| Lao People's Democratic Republic | 1.3 | 3.9 | 6.0 | 0.2 | -46.4% |
| Others | 0.2 | 0.1 | 0.1 | N/A | -29.3% |
| Total | 4.0 | 5.2 | 6.7 | 8.7 | 29.6% |
Top Export Markets for Borates; Disodium Tetraborate (Refined Borax), Other than Anhydrous from Vietnam in 2022:
- Thailand (8.6 tons)
- India (2.0 tons)
- New Zealand (2.0 tons)
- Malaysia (1.2 tons)
- Lao People's Democratic Republic (0.3 tons)
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