Benelux: Market for Oxides Of Boron and Boric Acids 2024

Market Size for Oxides Of Boron and Boric Acids in Benelux

The Benelux market for oxides of boron and boric acids skyrocketed to $X in 2021, picking up by 20% against the previous year. In general, consumption recorded a moderate expansion. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Production of Oxides Of Boron and Boric Acids in Benelux

In value terms, boron oxide and boric acid production contracted to $X in 2021 estimated in export price. The total production indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.5% 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 +26.0% against 2015 indices. The growth pace was the most rapid in 2013 with an increase of 42% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Oxides Of Boron and Boric Acids

Exports in Benelux

In 2021, overseas shipments of oxides of boron and boric acids increased by 10% to X tons, rising for the third year in a row after two years of decline. Overall, exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 162% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, boron oxide and boric acid exports expanded remarkably to $X in 2021. In general, exports continue to indicate a noticeable expansion. The growth pace was the most rapid in 2020 with an increase of 207%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands prevails in exports structure, recording X tons, which was approx. 93% of total exports in 2021. It was distantly followed by Belgium (X tons), mixing up a 6.6% share of total exports.

The Netherlands was also the fastest-growing in terms of the oxides of boron and boric acids exports, with a CAGR of +50.4% from 2012 to 2021. Belgium (-18.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands increased by +89 percentage points.

In value terms, the Netherlands ($X) remains the largest boron oxide and boric acid supplier in Benelux, comprising 87% of total exports. The second position in the ranking was held by Belgium ($X), with a 13% share of total exports.

In the Netherlands, boron oxide and boric acid exports expanded at an average annual rate of +39.8% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, picking up by 3.2% against the previous year. Over the period under review, the export price, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2020 when the export price increased by 17% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+4.1%).

Imports of Oxides Of Boron and Boric Acids

Imports in Benelux

In 2021, purchases abroad of oxides of boron and boric acids increased by 3.4% to X tons, rising for the second consecutive year after two years of decline. Overall, imports showed tangible growth. The growth pace was the most rapid in 2020 when imports increased by 408% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, boron oxide and boric acid imports rose remarkably to $X in 2021. In general, imports continue to indicate mild growth. The most prominent rate of growth was recorded in 2020 with an increase of 326%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

The Netherlands represented the major importing country with an import of about X tons, which resulted at 83% of total imports. It was distantly followed by Belgium (X tons), committing a 17% share of total imports.

The Netherlands was also the fastest-growing in terms of the oxides of boron and boric acids imports, with a CAGR of +18.0% from 2012 to 2021. Belgium (-10.7%) illustrated a downward trend over the same period. The Netherlands (+54 p.p.) significantly strengthened its position in terms of the total imports, while Belgium saw its share reduced by -54.5% from 2012 to 2021, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported oxides of boron and boric acids in Benelux, comprising 80% of total imports. The second position in the ranking was held by Belgium ($X), with a 20% share of total imports.

In the Netherlands, boron oxide and boric acid imports increased at an average annual rate of +10.0% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, with an increase of 9.4% against the previous year. Overall, the import price, however, showed a perceptible downturn. The pace of growth appeared the most rapid in 2016 an increase of 18% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-0.3%).

Source: IndexBox Platform