India: Oxides Of Boron Market 2024

Oxides Of Boron Market Size in India

In 2022, the Indian oxides of boron market decreased by -5.2% to $X, falling for the second year in a row after five years of growth. The market value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Oxides Of Boron Production in India

In value terms, oxides of boron production declined slightly to $X in 2022 estimated in export price. Overall, the total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.8% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 24%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Oxides Of Boron Exports

Exports from India

In 2022, the amount of oxides of boron, boric acids and inorganic acids exported from India surged to X tons, jumping by 49% compared with the previous year's figure. Over the period under review, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 72%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, oxides of boron exports surged to $X in 2022. In general, exports posted a significant increase. 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), China (X tons) and the United Arab Emirates (X tons) were the main destinations of oxides of boron exports from India, together comprising 49% of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +282.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Iran ($X) were the largest markets for oxides of boron exported from India worldwide, together comprising 51% of total exports.

China, with a CAGR of +307.5%, saw the highest rates of growth with regard to the value of exports, among 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 oxides of boron export price stood at $X per ton in 2022, jumping by 18% against the previous year. Overall, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.4% 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 export price increased by +75.2% against 2015 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 18% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Myanmar ($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 Taiwan (Chinese) (+21.8%), while the prices for the other major destinations experienced more modest paces of growth.

Oxides Of Boron Imports

Imports into India

In 2022, imports of oxides of boron, boric acids and inorganic acids into India reduced rapidly to X tons, shrinking by -18.3% compared with 2021. Over the period under review, imports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 41% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of 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 +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by 26%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Turkey (X tons), Singapore (X tons) and Jordan (X tons) were the main suppliers of oxides of boron imports to India, with a combined 60% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +93.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest oxides of boron suppliers to India were Jordan ($X), Japan ($X) and China ($X), with a combined 51% share of total imports. Turkey, Israel, Belgium, Singapore and the United States lagged somewhat behind, together accounting for a further 43%.

Singapore, with a CAGR of +61.6%, saw the highest rates of growth with regard to the value of imports, among 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. Over the period under review, the import price posted a strong expansion. As a result, import price attained 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 Japan ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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