Czech Republic: Oxides Of Boron Market 2024

Oxides Of Boron Market Size in the Czech Republic

In 2022, the Czech oxides of boron market decreased by -20.2% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption recorded a noticeable slump. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Oxides Of Boron Exports

Exports from the Czech Republic

In 2022, overseas shipments of oxides of boron, boric acids and inorganic acids decreased by -14.9% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports showed a deep slump. The pace of growth appeared the most rapid in 2019 with an increase of 42%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, oxides of boron exports surged to $X in 2022. In general, exports faced a abrupt decrease. The growth pace was the most rapid in 2014 with an increase of 85% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Belarus (X tons), Slovakia (X tons) and Sweden (X tons) were the main destinations of oxides of boron exports from the Czech Republic, with a combined 83% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of +498.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) remains the key foreign market for oxides of boron, boric acids and inorganic acids exports from the Czech Republic, comprising 52% of total exports. The second position in the ranking was held by Belarus ($X), with a 16% share of total exports. It was followed by Slovakia, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Sweden amounted to +44.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+819.1% per year) and Slovakia (-8.3% per year).

Export Prices by Country

In 2022, the average oxides of boron export price amounted to $X per ton, growing by 55% against the previous year. Over the period under review, the export price showed a strong increase. The pace of growth was the most pronounced in 2014 an increase of 59%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+53.4%), while the prices for the other major destinations experienced more modest paces of growth.

Oxides Of Boron Imports

Imports into the Czech Republic

After two years of growth, overseas purchases of oxides of boron, boric acids and inorganic acids decreased by -35.4% to X tons in 2022. Overall, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 when imports increased by 29%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, oxides of boron imports fell to $X in 2022. Over the period under review, imports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) constituted the largest oxides of boron supplier to the Czech Republic, with a 79% share of total imports. Moreover, oxides of boron imports from Turkey exceeded the figures recorded by the second-largest supplier, Spain (X tons), tenfold. The third position in this ranking was held by Poland (X tons), with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey stood at +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+119.8% per year) and Poland (-8.1% per year).

In value terms, Turkey ($X) constituted the largest supplier of oxides of boron, boric acids and inorganic acids to the Czech Republic, comprising 54% of total imports. The second position in the ranking was held by Spain ($X), with an 18% share of total imports. It was followed by China, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value from Turkey amounted to +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+119.9% per year) and China (+25.9% per year).

Import Prices by Country

In 2022, the average oxides of boron import price amounted to $X per ton, with an increase of 34% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price 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, oxides of boron import price increased by +15.8% against 2018 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 47%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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