Europe: Market for Oxides Of Boron and Boric Acids 2024

Market Size for Oxides Of Boron and Boric Acids in Europe

The Europe market for oxides of boron and boric acids soared to $X in 2021, increasing by 15% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Oxides Of Boron and Boric Acids in Europe

In value terms, boron oxide and boric acid production totaled $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 38% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Exports of Oxides Of Boron and Boric Acids

Exports in Europe

In 2021, the amount of oxides of boron and boric acids exported in Europe stood at X tons, increasing by 12% on the year before. Total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +54.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 39%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, boron oxide and boric acid exports surged to $X in 2021. Total exports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +84.4% against 2015 indices. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) and the Netherlands (X tons) prevails in exports structure, together constituting 81% of total exports. It was distantly followed by Latvia (X tons), committing a 6.3% share of total exports. Germany (X tons), Austria (X tons) and Belgium (X tons) held a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for Latvia (with a CAGR of +70.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest boron oxide and boric acid supplying countries in Europe were the Netherlands ($X), Russia ($X) and Germany ($X), together accounting for 75% of total exports. Latvia, Belgium and Austria lagged somewhat behind, together comprising a further 14%.

Among the main exporting countries, Latvia, with a CAGR of +66.7%, 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 export price in Europe amounted to $X per ton, increasing by 13% against the previous year. In general, the export price, however, recorded a noticeable descent. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Belgium ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+4.1%), while the other leaders experienced a decline in the export price figures.

Imports of Oxides Of Boron and Boric Acids

Imports in Europe

In 2021, approx. X tons of oxides of boron and boric acids were imported in Europe; with an increase of 14% on the previous year's figure. The total import volume increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 23%. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, boron oxide and boric acid imports soared to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X tons), distantly followed by France (X tons), Germany (X tons), Russia (X tons), Italy (X tons), Spain (X tons) and Latvia (X tons) represented the major importers of oxides of boron and boric acids, together achieving 71% of total imports. Belgium (X tons), Poland (X tons), Belarus (X tons), Ukraine (X tons), the UK (X tons) and Lithuania (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +33.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest boron oxide and boric acid importing markets in Europe were the Netherlands ($X), Germany ($X) and France ($X), with a combined 43% share of total imports. Italy, Russia, Spain, Latvia, Belgium, Poland, Belarus, Ukraine, the UK and Lithuania lagged somewhat behind, together accounting for a further 45%.

Lithuania, with a CAGR of +29.3%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2021, increasing by 6.4% against the previous year. Over the period under review, the import price, however, recorded a pronounced decrease. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Germany ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+3.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform