France: Market for Oxides Of Boron and Boric Acids 2024

Market Size for Oxides Of Boron and Boric Acids in France

In 2021, the French market for oxides of boron and boric acids increased by 14% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Oxides Of Boron and Boric Acids

Exports from France

After three years of decline, overseas shipments of oxides of boron and boric acids increased by 8,492% to X tons in 2021. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, boron oxide and boric acid exports skyrocketed to $X in 2021. In general, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for boron oxide and boric acid exports from France, with a 47% share of total exports. Moreover, boron oxide and boric acid exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), threefold. The Netherlands (X tons) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+25.6% per year) and the Netherlands (+33.7% per year).

In value terms, the United States ($X), Germany ($X) and the UK ($X) were the largest markets for boron oxide and boric acid exported from France worldwide, with a combined 74% share of total exports. These countries were followed by Brazil, Belgium, the Netherlands, Saudi Arabia and Pakistan, which together accounted for a further 9.6%.

Belgium, with a CAGR of +170.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for oxides of boron and boric acids stood at $X per ton in 2021, dropping by -56.2% against the previous year. Over the period under review, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when the average export price increased by 32% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (-2.7%), while the prices for the other major destinations experienced a decline.

Imports of Oxides Of Boron and Boric Acids

Imports into France

In 2021, boron oxide and boric acid imports into France soared to X tons, rising by 16% on 2020 figures. The total import volume increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 17%. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, boron oxide and boric acid imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Luxembourg (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of boron oxide and boric acid imports to France, with a combined 89% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +21.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest boron oxide and boric acid suppliers to France were Luxembourg ($X), the Netherlands ($X) and Germany ($X), with a combined 83% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +15.6%, saw the highest growth rate of 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

The average import price for oxides of boron and boric acids stood at $X per ton in 2021, picking up by 7.2% against the previous year. Overall, the import price, however, continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2017 an increase of 26%. Over the period under review, average import prices hit record highs 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 supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Luxembourg (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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