Poland: Market for Oxides Of Boron and Boric Acids 2024

Market Size for Oxides Of Boron and Boric Acids in Poland

In 2021, the Polish market for oxides of boron and boric acids was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a perceptible downturn. Boron oxide and boric acid consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Oxides Of Boron and Boric Acids

Exports from Poland

In 2021, exports of oxides of boron and boric acids from Poland fell significantly to X tons, reducing by -34.7% on the year before. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 90%. As a result, the exports reached the peak of X tons, and then declined notably in the following year.

In value terms, boron oxide and boric acid exports fell significantly to $X in 2021. Over the period under review, exports showed a mild curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 74% against the previous year. As a result, the exports reached the peak of $X, and then shrank remarkably in the following year.

Exports by Country

Hungary (X tons) was the main destination for boron oxide and boric acid exports from Poland, with a 44% share of total exports. Moreover, boron oxide and boric acid exports to Hungary exceeded the volume sent to the second major destination, Slovakia (X tons), fourfold. Russia (X tons) ranked third in terms of total exports with a 9.4% share.

From 2012 to 2021, the average annual growth rate of volume to Hungary amounted to +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-3.9% per year) and Russia (+28.2% per year).

In value terms, Hungary ($X) emerged as the key foreign market for oxides of boron and boric acids exports from Poland, comprising 37% of total exports. The second position in the ranking was taken by Slovakia ($X), with an 8.8% share of total exports. It was followed by the Czech Republic, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value to Hungary amounted to +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-7.9% per year) and the Czech Republic (-15.4% per year).

Export Prices by Country

The average export price for oxides of boron and boric acids stood at $X per ton in 2021, picking up by 12% against the previous year. Overall, the export price, however, recorded a slight slump. The growth pace was the most rapid in 2018 an increase of 29%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, the countries with the highest prices were the Czech Republic ($X per ton) and Germany ($X per ton), while the average price for exports to Ukraine ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (-1.2%), while the prices for the other major destinations experienced a decline.

Imports of Oxides Of Boron and Boric Acids

Imports into Poland

In 2021, supplies from abroad of oxides of boron and boric acids was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 24%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, boron oxide and boric acid imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a noticeable decrease. The pace of growth appeared the most rapid in 2017 with an increase of 25%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Finland (X tons), Latvia (X tons) and Germany (X tons) were the main suppliers of boron oxide and boric acid imports to Poland, with a combined 87% share of total imports. These countries were followed by Peru, the Netherlands, Sweden, the Czech Republic and the United States, which together accounted for a further 12%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +327.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest boron oxide and boric acid suppliers to Poland were Finland ($X), Latvia ($X) and Germany ($X), with a combined 72% share of total imports. These countries were followed by the Netherlands, Peru, Sweden, the Czech Republic and the United States, which together accounted for a further 24%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +240.1%, saw the highest growth rate of the value of imports, 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, growing by 9.6% against the previous year. In general, the import price, however, continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2018 an increase of 11% against the previous year. Over the period under review, average import prices reached the peak figure 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 the Netherlands ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+17.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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