Israel: Oxides Of Boron Market 2024

Oxides Of Boron Market Size in Israel

The Israeli oxides of boron market expanded markedly to $X in 2022, increasing by 14% against the previous year. Over the period under review, consumption continues to indicate a abrupt descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Oxides Of Boron Production in Israel

In value terms, oxides of boron production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a temperate increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 65% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Oxides Of Boron Exports

Exports from Israel

In 2022, approx. X tons of oxides of boron, boric acids and inorganic acids were exported from Israel; rising by 43% on 2021 figures. In general, exports continue to indicate a moderate increase. The growth pace was the most rapid in 2016 when exports increased by 79% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, oxides of boron exports skyrocketed to $X in 2022. Over the period under review, exports saw a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 91% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

China (X tons) was the main destination for oxides of boron exports from Israel, accounting for a 73% share of total exports. Moreover, oxides of boron exports to China exceeded the volume sent to the second major destination, Belgium (X tons), ninefold. South Korea (X tons) ranked third in terms of total exports with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+9.6% per year) and South Korea (-1.3% per year).

In value terms, China ($X) remains the key foreign market for oxides of boron, boric acids and inorganic acids exports from Israel, comprising 73% of total exports. The second position in the ranking was held by Belgium ($X), with a 9% share of total exports. It was followed by South Korea, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled +21.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+24.2% per year) and South Korea (+7.7% per year).

Export Prices by Country

The average oxides of boron export price stood at $X per ton in 2022, surging by 8.4% against the previous year. In general, the export price enjoyed a prominent expansion. The growth pace was the most rapid in 2017 when the average export price increased by 54%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; afterwards, it flattened through to 2022.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Belgium ($X per ton) and South Korea ($X per ton), while the average price for exports to Brazil ($X per ton) and Thailand ($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 Belgium (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Oxides Of Boron Imports

Imports into Israel

For the third consecutive year, Israel recorded growth in overseas purchases of oxides of boron, boric acids and inorganic acids, which increased by 40% to X tons in 2022. Overall, imports saw a resilient expansion. The pace of growth was the most pronounced in 2016 with an increase of 70% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, oxides of boron imports soared to $X in 2022. Over the period under review, imports enjoyed a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of oxides of boron to Israel, accounting for a 81% share of total imports. Moreover, oxides of boron imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. South Korea (X tons) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.9% per year) and South Korea (+49.0% per year).

In value terms, China ($X) constituted the largest supplier of oxides of boron, boric acids and inorganic acids to Israel, comprising 85% of total imports. The second position in the ranking was held by South Korea ($X), with a 6.3% share of total imports. It was followed by Germany, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +23.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+76.0% per year) and Germany (-7.4% per year).

Import Prices by Country

In 2022, the average oxides of boron import price amounted to $X per ton, with an increase of 59% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% 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 +96.7% against 2017 indices. As a result, import price reached 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 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 South Korea (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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