Germany: Oxides Of Boron Market 2024

Oxides Of Boron Market Size in Germany

In 2022, the German oxides of boron market increased by 23% to $X, rising for the second year in a row after seven years of decline. Overall, consumption recorded a mild shrinkage. Oxides of boron consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Oxides Of Boron Production in Germany

In value terms, oxides of boron production shrank slightly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 12% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Oxides Of Boron Exports

Exports from Germany

In 2022, shipments abroad of oxides of boron, boric acids and inorganic acids decreased by -13.2% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2021 when exports increased by 127% against the previous year. As a result, the exports attained the peak of X tons, and then reduced in the following year.

In value terms, oxides of boron exports soared to $X in 2022. In general, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 93%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

The United States (X tons) was the main destination for oxides of boron exports from Germany, with a 42% share of total exports. Moreover, oxides of boron exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), fivefold. The third position in this ranking was taken by Italy (X tons), with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +31.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+16.2% per year) and Italy (+9.6% per year).

In value terms, the United States ($X) remains the key foreign market for oxides of boron, boric acids and inorganic acids exports from Germany, comprising 41% of total exports. The second position in the ranking was taken by Italy ($X), with a 9.6% share of total exports. It was followed by the UK, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +27.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+11.8% per year) and the UK (+18.0% per year).

Export Prices by Country

The average oxides of boron export price stood at $X per ton in 2022, rising by 38% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Poland ($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 Hungary (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.

Oxides Of Boron Imports

Imports into Germany

In 2022, approx. X tons of oxides of boron, boric acids and inorganic acids were imported into Germany; reducing by -15.2% on 2021. Over the period under review, imports showed a pronounced decrease. The most prominent rate of growth was recorded in 2016 when imports increased by 19% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, oxides of boron imports surged to $X in 2022. The total import value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Turkey (X tons) and China (X tons) were the main suppliers of oxides of boron imports to Germany, with a combined 51% share of total imports. Taiwan (Chinese), the Netherlands, France, Russia, Belgium and Chile lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +15.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Taiwan (Chinese) ($X) appeared to be the largest oxides of boron suppliers to Germany, together accounting for 51% of total imports.

China, with a CAGR of +13.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average oxides of boron import price stood at $X per ton in 2022, growing by 46% against the previous year. In general, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.4% 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 +74.8% against 2019 indices. 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 supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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