Jordan: Oxides Of Boron Market 2024

Oxides Of Boron Market Size in Jordan

The Jordanian oxides of boron market rose significantly to $X in 2022, growing by 9.7% against the previous year. Overall, consumption saw a pronounced reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Oxides Of Boron Production in Jordan

In value terms, oxides of boron production totaled $X in 2022 estimated in export price. Overall, production, however, showed a pronounced increase. The pace of growth appeared the most rapid in 2014 with an increase of 115% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Oxides Of Boron Exports

Exports from Jordan

After four years of growth, shipments abroad of oxides of boron, boric acids and inorganic acids decreased by -15.1% to X tons in 2022. Overall, exports, however, recorded a moderate expansion. The growth pace was the most rapid in 2014 with an increase of 174%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, oxides of boron exports amounted to $X in 2022. Over the period under review, exports, however, recorded buoyant growth. The growth pace was the most rapid in 2014 when exports increased by 141% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for oxides of boron exports from Jordan, accounting for a 71% share of total exports. Moreover, oxides of boron exports to China exceeded the volume sent to the second major destination, India (X tons), more than tenfold. The third position in this ranking was taken by South Korea (X tons), with a 3.8% share.

From 2012 to 2022, the average annual growth rate of volume to China amounted to +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-8.5% per year) and South Korea (-12.2% per year).

In value terms, China ($X) remains the key foreign market for oxides of boron, boric acids and inorganic acids exports from Jordan, comprising 75% of total exports. The second position in the ranking was held by India ($X), with a 5.1% share of total exports. It was followed by Singapore, with a 2.8% share.

From 2012 to 2022, the average annual growth rate of value to China stood at +17.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-5.6% per year) and Singapore (-1.8% per year).

Export Prices by Country

In 2022, the average oxides of boron export price amounted to $X per ton, growing by 19% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% 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 +107.8% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of 35% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

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 India ($X per ton), while the average price for exports to South Korea ($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 China (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Oxides Of Boron Imports

Imports into Jordan

In 2022, the amount of oxides of boron, boric acids and inorganic acids imported into Jordan declined to X tons, falling by -13.2% on 2021. In general, imports, however, posted a perceptible expansion. The pace of growth appeared the most rapid in 2019 with an increase of 188%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, oxides of boron imports rose remarkably to $X in 2022. Over the period under review, imports, however, continue to indicate a noticeable expansion. The growth pace was the most rapid in 2019 with an increase of 198%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of oxides of boron to Jordan, accounting for a 89% share of total imports. Moreover, oxides of boron imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume from Turkey stood at +9.3%.

In value terms, Turkey ($X) constituted the largest supplier of oxides of boron, boric acids and inorganic acids to Jordan, comprising 78% of total imports. The second position in the ranking was held by China ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Turkey stood at +7.8%.

Import Prices by Country

In 2022, the average oxides of boron import price amounted to $X per ton, rising by 27% against the previous year. In general, the import price, however, continues to indicate a noticeable decline. The pace of growth appeared the most rapid in 2016 when the average import price increased by 54%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Turkey stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+10.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform