Australia: Market for Oxides Of Boron and Boric Acids 2024

Market Size for Oxides Of Boron and Boric Acids in Australia

In 2021, after two years of decline, there was significant growth in the Australian market for oxides of boron and boric acids, when its value increased by 31% to $X. In general, the total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Exports of Oxides Of Boron and Boric Acids

Exports from Australia

In 2021, approx. X tons of oxides of boron and boric acids were exported from Australia; picking up by 29% on 2020. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 630% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, boron oxide and boric acid exports fell remarkably to $X in 2021. Over the period under review, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 98% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Portugal (X tons), Ireland (X tons) and China (X tons) were the main destinations of boron oxide and boric acid exports from Australia, together accounting for 77% of total exports.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +12,457.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), Germany ($X) and Japan ($X) were the largest markets for boron oxide and boric acid exported from Australia worldwide, together comprising 56% of total exports.

Among the main countries of destination, Portugal, with a CAGR of +4,938.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for oxides of boron and boric acids amounted to $X per ton, falling by -40% against the previous year. Over the period under review, the export price saw a abrupt slump. The pace of growth appeared the most rapid in 2020 an increase of 266% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+5.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Oxides Of Boron and Boric Acids

Imports into Australia

After two years of decline, overseas purchases of oxides of boron and boric acids increased by 27% to X tons in 2021. In general, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 34% 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 surged to $X in 2021. Over the period under review, total imports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 84% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Turkey (X tons), China (X tons) and the United States (X tons) were the main suppliers of boron oxide and boric acid imports to Australia, together accounting for 90% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +41.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest boron oxide and boric acid suppliers to Australia were China ($X), Turkey ($X) and the United States ($X), together comprising 88% of total imports.

China, with a CAGR of +11.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for oxides of boron and boric acids stood at $X per ton in 2021, growing by 4.5% against the previous year. Overall, the import price, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by 49% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from China ($X per ton) and Malaysia ($X per ton), while the price for the United States ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (-1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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