Israel: Market for Oxides Of Boron and Boric Acids 2024

Market Size for Oxides Of Boron and Boric Acids in Israel

The Israeli market for oxides of boron and boric acids skyrocketed to $X in 2021, rising by 155% 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, consumption recorded a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Oxides Of Boron and Boric Acids

Exports from Israel

In 2021, exports of oxides of boron and boric acids from Israel surged to X tons, rising by 346% on 2020 figures. Overall, exports enjoyed prominent growth. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, boron oxide and boric acid exports soared to $X in 2021. In general, exports enjoyed a strong expansion. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tons) was the main destination for boron oxide and boric acid exports from Israel, with a 47% share of total exports. Moreover, boron oxide and boric acid exports to Belgium exceeded the volume sent to the second major destination, the Netherlands (X kg), twofold. France (X kg) ranked third in terms of total exports with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium amounted to +41.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+43.4% per year) and France (-15.3% per year).

In value terms, the Netherlands ($X), Belgium ($X) and France ($X) constituted the largest markets for boron oxide and boric acid exported from Israel worldwide, with a combined 75% share of total exports.

The Netherlands, with a CAGR of +42.3%, saw the highest rates of growth with regard to the value of exports, in terms of 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 export price for oxides of boron and boric acids stood at $X per ton in 2021, falling by -2.2% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 21% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per ton), while the average price for exports to France ($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 Russia (+4.6%), while the prices for the other major destinations experienced a decline.

Imports of Oxides Of Boron and Boric Acids

Imports into Israel

In 2021, boron oxide and boric acid imports into Israel surged to X tons, jumping by 149% compared with the year before. Over the period under review, imports continue to indicate a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, boron oxide and boric acid imports soared to $X in 2021. Overall, imports enjoyed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates (X tons), Turkey (X tons) and Germany (X tons) were the main suppliers of boron oxide and boric acid imports to Israel, together comprising 89% of total imports. These countries were followed by China, the UK, Chile, Spain and the United States, which together accounted for a further 10%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +52.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest boron oxide and boric acid suppliers to Israel were the United Arab Emirates ($X), Turkey ($X) and Germany ($X), with a combined 88% share of total imports. Spain, China, the UK, the United States and Chile lagged somewhat behind, together accounting for a further 11%.

China, with a CAGR of +45.2%, 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 import price for oxides of boron and boric acids stood at $X per ton in 2021, surging by 3.9% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible slump. The pace of growth appeared the most rapid in 2020 when the average import price increased by 9.2%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+4.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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