Asia: Oxides Of Boron Market 2024

Oxides Of Boron Market Size in Asia

In 2022, the Asian oxides of boron market increased by 34% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +52.4% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Oxides Of Boron Production in Asia

In value terms, oxides of boron production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by 13% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Oxides Of Boron Exports

Exports in Asia

Oxides of boron exports expanded rapidly to X tons in 2022, growing by 7.5% on the year before. The total export volume increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 15%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, oxides of boron exports surged to $X in 2022. In general, exports showed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, China (X tons) was the largest exporter of oxides of boron, boric acids and inorganic acids, creating 38% of total exports. Israel (X tons) ranks second in terms of the total exports with a 16% share, followed by Indonesia (11%), Taiwan (Chinese) (9.8%), Malaysia (6.2%) and Jordan (5.4%). India (X tons) took a little share of total exports.

Exports from China increased at an average annual rate of +2.3% from 2012 to 2022. At the same time, India (+15.2%), Malaysia (+9.2%), Indonesia (+6.2%), Jordan (+4.7%) and Israel (+4.2%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +15.2% from 2012-2022. By contrast, Taiwan (Chinese) (-8.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Indonesia, Israel, Malaysia, India and China increased by +3.7, +3.4, +3.2, +2.7 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest oxides of boron supplier in Asia, comprising 43% of total exports. The second position in the ranking was held by Israel ($X), with a 19% share of total exports. It was followed by Taiwan (Chinese), with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +10.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (+13.0% per year) and Taiwan (Chinese) (-0.7% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, with an increase of 27% against the previous year. Overall, the export price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 an increase of 34%. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.9%), while the other leaders experienced more modest paces of growth.

Oxides Of Boron Imports

Imports in Asia

In 2022, after two years of growth, there was significant decline in supplies from abroad of oxides of boron, boric acids and inorganic acids, when their volume decreased by -9.5% to X tons. The total import volume increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when imports increased by 28%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, oxides of boron imports skyrocketed to $X in 2022. Total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.2% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China represented the largest importing country with an import of around X tons, which resulted at 65% of total imports. South Korea (X tons) ranks second in terms of the total imports with an 11% share, followed by Japan (6.8%). Taiwan (Chinese) (X tons), Malaysia (X tons), India (X tons) and Thailand (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the oxides of boron, boric acids and inorganic acids imports, with a CAGR of +7.9% from 2012 to 2022. At the same time, Thailand (+6.2%) and Malaysia (+5.2%) displayed positive paces of growth. South Korea experienced a relatively flat trend pattern. By contrast, India (-3.3%), Taiwan (Chinese) (-6.1%) and Japan (-7.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +26 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported oxides of boron, boric acids and inorganic acids in Asia, comprising 64% of total imports. The second position in the ranking was taken by South Korea ($X), with a 10% share of total imports. It was followed by Japan, with a 5.7% share.

In China, oxides of boron imports increased at an average annual rate of +11.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (+0.3% per year) and Japan (-8.4% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, jumping by 44% against the previous year. Import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, oxides of boron import price increased by +46.1% against 2017 indices. 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 destination: amid the top importers, the country with the highest price was India ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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