Russian Federation: Oxides Of Boron Market 2024

Oxides Of Boron Market Size in the Russian Federation

In 2022, the Russian oxides of boron market increased by 2.2% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a perceptible contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Oxides Of Boron Production in the Russian Federation

In value terms, oxides of boron production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2021 when the production volume increased by 19% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Oxides Of Boron Exports

Exports from the Russian Federation

In 2022, shipments abroad of oxides of boron, boric acids and inorganic acids decreased by -2% to X tons for the first time since 2019, thus ending a two-year rising trend. The total export volume increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when exports increased by 24% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted slightly in the following year.

In value terms, oxides of boron exports fell to $X in 2022. Over the period under review, exports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 17%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for oxides of boron exports from Russia, accounting for a 78% share of total exports. Moreover, oxides of boron exports to China exceeded the volume sent to the second major destination, Belarus (X tons), ninefold. South Korea (X tons) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled +6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+74.5% per year) and South Korea (-4.6% per year).

In value terms, China ($X) emerged as the key foreign market for oxides of boron, boric acids and inorganic acids exports from Russia, comprising 65% of total exports. The second position in the ranking was taken by Belarus ($X), with a 16% share of total exports. It was followed by Germany, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+60.6% per year) and Germany (+124.8% per year).

Export Prices by Country

The average oxides of boron export price stood at $X per ton in 2022, declining by -4.2% against the previous year. Overall, the export price continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2019 an increase of 11%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to South Korea ($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 (-6.9%), while the prices for the other major destinations experienced a decline.

Oxides Of Boron Imports

Imports into the Russian Federation

In 2022, approx. X tons of oxides of boron, boric acids and inorganic acids were imported into Russia; picking up by 3.5% compared with the previous year's figure. Overall, imports recorded prominent growth. The pace of growth was the most pronounced in 2016 with an increase of 56%. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, oxides of boron imports declined slightly to $X in 2022. Over the period under review, total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +103.8% against 2015 indices. The pace of growth appeared the most rapid in 2016 when imports increased by 33%. Imports peaked at $X in 2021, and then reduced modestly in the following year.

Imports by Country

In 2022, Turkey (X tons) was the main oxides of boron supplier to Russia, accounting for a 95% share of total imports. It was followed by China (X tons), with a 3% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Turkey amounted to +7.1%.

In value terms, Turkey ($X) constituted the largest supplier of oxides of boron, boric acids and inorganic acids to Russia, comprising 87% of total imports. The second position in the ranking was taken by China ($X), with a 7.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey stood at +4.2%.

Import Prices by Country

The average oxides of boron import price stood at $X per ton in 2022, dropping by -3.9% against the previous year. Overall, the import price continues to indicate a perceptible slump. The pace of growth was the most pronounced in 2013 an increase of 11%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained 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 totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :