Greece: Market for Oxides Of Boron and Boric Acids 2024

Market Size for Oxides Of Boron and Boric Acids in Greece

The Greek market for oxides of boron and boric acids declined to $X in 2021, with a decrease of -12.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -21.9% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Exports of Oxides Of Boron and Boric Acids

Exports from Greece

In 2021, shipments abroad of oxides of boron and boric acids increased by 95% to X kg, rising for the second year in a row after two years of decline. Overall, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by 152%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, boron oxide and boric acid exports surged to $X in 2021. In general, exports, however, saw a abrupt decline. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Romania (X kg) was the main destination for boron oxide and boric acid exports from Greece, with a 82% share of total exports. Moreover, boron oxide and boric acid exports to Romania exceeded the volume sent to the second major destination, Bulgaria (X kg), ninefold.

From 2012 to 2021, the average annual growth rate of volume to Romania amounted to -6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-13.5% per year) and Cyprus (-10.9% per year).

In value terms, the largest markets for boron oxide and boric acid exported from Greece were Romania ($X), Cyprus ($X) and Bulgaria ($X).

Among the main countries of destination, Cyprus, with a CAGR of +2.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for oxides of boron and boric acids stood at $X per ton in 2021, increasing by 124% against the previous year. Over the period under review, the export price continues to indicate a slight increase. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Cyprus ($X per ton), while the average price for exports to Romania ($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 Spain (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Oxides Of Boron and Boric Acids

Imports into Greece

In 2021, overseas purchases of oxides of boron and boric acids decreased by -12.7% to X tons, falling for the second year in a row after four years of growth. Over the period under review, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 43%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, boron oxide and boric acid imports shrank to $X in 2021. In general, imports recorded a pronounced descent. The pace of growth was the most pronounced in 2014 when imports increased by 28% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X tons), Spain (X tons) and Poland (X tons) were the main suppliers of boron oxide and boric acid imports to Greece, with a combined 98% 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 Poland (with a CAGR of +145.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Spain ($X) and Poland ($X) appeared to be the largest boron oxide and boric acid suppliers to Greece, together comprising 89% of total imports.

In terms of the main suppliers, Poland, with a CAGR of +88.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for oxides of boron and boric acids stood at $X per ton in 2021, remaining constant against the previous year. Overall, the import price, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the average import price increased by 2.8% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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