Denmark: Oxides Of Boron Market 2024

Oxides Of Boron Market Size in Denmark

In 2022, the Danish oxides of boron market increased by 68% to $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Oxides Of Boron Production in Denmark

In value terms, oxides of boron production reduced modestly to $X in 2022 estimated in export price. Overall, production showed a abrupt downturn. The pace of growth appeared the most rapid in 2018 with an increase of 227% against the previous year. Oxides of boron production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Oxides Of Boron Exports

Exports from Denmark

In 2022, exports of oxides of boron, boric acids and inorganic acids from Denmark surged to X tons, growing by 29% on 2021. In general, exports showed buoyant growth. The pace of growth was the most pronounced in 2021 when exports increased by 227%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, oxides of boron exports reduced sharply to $X in 2022. Over the period under review, exports recorded strong growth. The pace of growth was the most pronounced in 2021 when exports increased by 135% against the previous year. As a result, the exports attained the peak of $X, and then declined sharply in the following year.

Exports by Country

Norway (X tons), Sweden (X tons) and Finland (X tons) were the main destinations of oxides of boron exports from Denmark, together accounting for 100% of total exports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +105.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for oxides of boron exported from Denmark were Norway ($X), Sweden ($X) and Finland ($X), together accounting for 100% of total exports.

Among the main countries of destination, Finland, with a CAGR of +90.5%, 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 2022, the average oxides of boron export price amounted to $X per ton, reducing by -34.7% against the previous year. In general, the export price, however, recorded tangible growth. The most prominent rate of growth was recorded in 2020 an increase of 95% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Norway ($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 Italy (+47.0%), while the prices for the other major destinations experienced more modest paces of growth.

Oxides Of Boron Imports

Imports into Denmark

After three years of decline, overseas purchases of oxides of boron, boric acids and inorganic acids increased by 68% to X tons in 2022. Over the period under review, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 81%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, oxides of boron imports skyrocketed to $X in 2022. In general, total imports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.4% 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 +97.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Indonesia (X tons) were the main suppliers of oxides of boron imports to Denmark, with a combined 84% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +81.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X), Germany ($X) and China ($X) were the largest oxides of boron suppliers to Denmark, together comprising 85% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +57.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average oxides of boron import price amounted to $X per ton, shrinking by -7.9% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 44%. As a result, import price attained the peak level of $X per ton, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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