Indonesia: Oxides Of Boron Market 2024

Oxides Of Boron Market Size in Indonesia

The Indonesian oxides of boron market plummeted to $X in 2022, waning by -26.3% against the previous year. Overall, consumption showed a slight decline. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Oxides Of Boron Production in Indonesia

In value terms, oxides of boron production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 20% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Oxides Of Boron Exports

Exports from Indonesia

In 2022, shipments abroad of oxides of boron, boric acids and inorganic acids increased by 91% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, oxides of boron exports surged to $X in 2022. In general, exports enjoyed resilient 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), South Korea (X tons) and Japan (X tons) were the main destinations of oxides of boron exports from Indonesia, with a combined 42% share of total exports. Belgium, Sweden, the UK, Poland, Italy, Slovenia, Finland, India, Germany and the Netherlands lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of +144.5%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), South Korea ($X) and Japan ($X) constituted the largest markets for oxides of boron exported from Indonesia worldwide, together comprising 42% of total exports. Belgium, Sweden, the UK, Poland, Italy, Slovenia, Finland, Germany, India and the Netherlands lagged somewhat behind, together accounting for a further 43%.

Among the main countries of destination, Slovenia, with a CAGR of +156.2%, 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 2022, the average oxides of boron export price amounted to $X per ton, surging by 5.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2013 an increase of 30% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to South Korea ($X per ton) and the UK ($X per ton), while the average price for exports to the Netherlands ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Oxides Of Boron Imports

Imports into Indonesia

Oxides of boron imports into Indonesia shrank dramatically to X tons in 2022, declining by -57.8% compared with the previous year's figure. Over the period under review, imports faced a abrupt descent. The pace of growth appeared the most rapid in 2016 when imports increased by 39%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, oxides of boron imports declined significantly to $X in 2022. Overall, imports recorded a abrupt decline. The growth pace was the most rapid in 2018 when imports increased by 29%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Turkey (X tons) and Japan (X tons) were the main suppliers of oxides of boron imports to Indonesia, together comprising 85% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of -2.8%), while imports for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of oxides of boron, boric acids and inorganic acids to Indonesia, comprising 40% of total imports. The second position in the ranking was held by Japan ($X), with an 18% share of total imports. It was followed by Turkey, with a 17% share.

From 2012 to 2022, the average annual growth rate of value from China totaled -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-9.4% per year) and Turkey (-2.2% per year).

Import Prices by Country

The average oxides of boron import price stood at $X per ton in 2022, increasing by 2.6% against the previous year. Overall, import price indicated a measured 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 +59.9% against 2016 indices. The growth pace was the most rapid in 2021 an increase of 27% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Turkey ($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) (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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