Asia-Pacific: Market for Oxides Of Boron and Boric Acids 2024

Market Size for Oxides Of Boron and Boric Acids in Asia-Pacific

The Asia-Pacific market for oxides of boron and boric acids surged to $X in 2021, with an increase of 19% against the previous year. In general, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Oxides Of Boron and Boric Acids in Asia-Pacific

In value terms, boron oxide and boric acid production fell to $X in 2021 estimated in export price. The total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +59.5% against 2018 indices. The pace of growth was the most pronounced in 2019 with an increase of 40% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then contracted in the following year.

Exports of Oxides Of Boron and Boric Acids

Exports in Asia-Pacific

In 2021, approx. X tons of oxides of boron and boric acids were exported in Asia-Pacific; increasing by 23% compared with the previous year. In general, exports, however, continue to indicate a mild decrease. The pace of growth was the most pronounced in 2015 when exports increased by 121% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, boron oxide and boric acid exports soared to $X in 2021. Total exports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +46.5% against 2017 indices. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China represented the main exporting country with an export of around X tons, which reached 36% of total exports. Taiwan (Chinese) (X tons) held an 18% share (based on physical terms) of total exports, which put it in second place, followed by India (15%), Malaysia (14%) and South Korea (11%). Japan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +29.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest boron oxide and boric acid supplier in Asia-Pacific, comprising 44% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 16% share of total exports. It was followed by India, with a 13% share.

In China, boron oxide and boric acid exports remained relatively stable over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (+31.0% per year) and India (+6.3% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, rising by 11% against the previous year. Export price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, boron oxide and boric acid export price decreased by -7.0% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 65%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.0%), while the other leaders experienced more modest paces of growth.

Imports of Oxides Of Boron and Boric Acids

Imports in Asia-Pacific

In 2021, the amount of oxides of boron and boric acids imported in Asia-Pacific rose significantly to X tons, picking up by 14% against 2020 figures. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 38% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, boron oxide and boric acid imports soared to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

China represented the main importer of oxides of boron and boric acids in Asia-Pacific, with the volume of imports amounting to X tons, which was approx. 61% of total imports in 2021. It was distantly followed by Taiwan (Chinese) (X tons), South Korea (X tons), Malaysia (X tons) and Japan (X tons), together comprising a 31% share of total imports. India (X tons) followed a long way behind the leaders.

Imports into China increased at an average annual rate of +7.7% from 2012 to 2021. At the same time, Malaysia (+12.7%) and Taiwan (Chinese) (+4.7%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +12.7% from 2012-2021. By contrast, South Korea (-1.0%), India (-3.1%) and Japan (-12.0%) illustrated a downward trend over the same period. China (+18 p.p.) and Malaysia (+2.9 p.p.) significantly strengthened its position in terms of the total imports, while South Korea and Japan saw its share reduced by -4.9% and -17% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported oxides of boron and boric acids in Asia-Pacific, comprising 56% of total imports. The second position in the ranking was taken by South Korea ($X), with an 11% share of total imports. It was followed by Taiwan (Chinese), with a 10% share.

In China, boron oxide and boric acid imports increased at an average annual rate of +3.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (-2.9% per year) and Taiwan (Chinese) (+2.6% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, rising by 7.6% against the previous year. Over the period under review, the import price, however, saw a perceptible setback. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-1.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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