Ireland: Oxides Of Boron Market 2024

Oxides Of Boron Market Size in Ireland

The Irish oxides of boron market shrank sharply to $X in 2022, waning by -23.4% 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). In general, consumption, however, continues to indicate a slight increase. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Oxides Of Boron Exports

Exports from Ireland

In 2022, overseas shipments of oxides of boron, boric acids and inorganic acids decreased by 0% to X tons, falling for the third consecutive year after two years of growth. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 10,370% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, oxides of boron exports totaled $X in 2022. In general, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 10,681%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

The UK (X tons) was the main destination for oxides of boron exports from Ireland, with a 81% share of total exports. Moreover, oxides of boron exports to the UK exceeded the volume sent to the second major destination, Canada (X tons), fourfold. The third position in this ranking was held by the United States (X kg), with a 0.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK stood at +41.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+148.2% per year) and the United States (-23.9% per year).

In value terms, Canada ($X), the UK ($X) and the United States ($X) constituted the largest markets for oxides of boron exported from Ireland worldwide, together accounting for 99% of total exports.

In terms of the main countries of destination, Canada, with a CAGR of +183.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average oxides of boron export price amounted to $X per ton, remaining stable against the previous year. Overall, the export price showed a pronounced contraction. The growth pace was the most rapid in 2020 an increase of 210% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

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 the United States ($X per ton), while the average price for exports to the UK ($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 the United States (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Oxides Of Boron Imports

Imports into Ireland

In 2022, oxides of boron imports into Ireland stood at X tons, remaining stable against the previous year. Over the period under review, imports saw a noticeable descent. The growth pace was the most rapid in 2013 with an increase of 61% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, oxides of boron imports amounted to $X in 2022. In general, imports saw resilient growth. The pace of growth appeared the most rapid in 2018 when imports increased by 85%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X tons), the UK (X tons) and Spain (X tons) were the main suppliers of oxides of boron imports to Ireland, with a combined 81% share of total imports. Indonesia, the United States, Turkey, South Korea, Germany and the Netherlands lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +91.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), South Korea ($X) and Italy ($X) constituted the largest oxides of boron suppliers to Ireland, together accounting for 66% of total imports.

South Korea, with a CAGR of +73.1%, recorded the highest rates of growth with regard to 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

In 2022, the average oxides of boron import price amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price showed a strong expansion. The pace of growth was the most pronounced in 2015 when the average import price increased by 50%. Over the period under review, average import prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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 South Korea ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+24.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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