EU: Oxides Of Boron Market 2024

Oxides Of Boron Market Size in the EU

In 2022, the EU oxides of boron market increased by 18% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Oxides Of Boron Production in the EU

In value terms, oxides of boron production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production showed a mild descent. The pace of growth appeared the most rapid in 2016 with an increase of 13%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Oxides Of Boron Exports

Exports in the EU

In 2022, shipments abroad of oxides of boron, boric acids and inorganic acids decreased by -22.9% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports recorded a mild contraction. The most prominent rate of growth was recorded in 2020 with an increase of 70% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, oxides of boron exports dropped remarkably to $X in 2022. Overall, exports, however, saw moderate growth. The most prominent rate of growth was recorded in 2020 when exports increased by 93% against the previous year. The level of export peaked at $X in 2021, and then dropped sharply in the following year.

Exports by Country

Finland was the major exporting country with an export of about X tons, which recorded 36% of total exports. The Netherlands (X tons) held the second position in the ranking, followed by Poland (X tons), Germany (X tons) and France (X tons). All these countries together held approx. 52% share of total exports. Latvia (X tons) and Belgium (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +161.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) emerged as the largest oxides of boron supplier in the European Union, comprising 37% of total exports. The second position in the ranking was held by the Netherlands ($X), with an 18% share of total exports. It was followed by Poland, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany stood at +10.5%. In the other countries, the average annual rates were as follows: the Netherlands (+5.8% per year) and Poland (+25.8% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, picking up by 10% against the previous year. Export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.3% 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 export price increased by +41.1% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by 24% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+10.8%), while the other leaders experienced more modest paces of growth.

Oxides Of Boron Imports

Imports in the EU

In 2022, after two years of growth, there was significant decline in overseas purchases of oxides of boron, boric acids and inorganic acids, when their volume decreased by -19.2% to X tons. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 26%. Over the period under review, imports hit record highs at X tons in 2021, and then contracted remarkably in the following year.

In value terms, oxides of boron imports reached $X in 2022. Total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% 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 +53.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Sweden (X tons), Germany (X tons), France (X tons), Spain (X tons), Italy (X tons), Poland (X tons), the Netherlands (X tons) and Belgium (X tons) represented roughly 87% of total imports in 2022. Austria (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +12.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported oxides of boron, boric acids and inorganic acids in the European Union, comprising 29% of total imports. The second position in the ranking was taken by France ($X), with a 14% share of total imports. It was followed by Spain, with a 13% share.

In Germany, oxides of boron imports expanded at an average annual rate of +1.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: France (+4.9% per year) and Spain (+13.7% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, growing by 32% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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