SADC: Market for Oxides Of Boron and Boric Acids 2024

Market Size for Oxides Of Boron and Boric Acids in SADC

The SADC market for oxides of boron and boric acids expanded significantly to $X in 2021, increasing by 9.8% against the previous year. In general, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Oxides Of Boron and Boric Acids in SADC

In value terms, boron oxide and boric acid production expanded modestly to $X in 2021 estimated in export price. In general, production saw a sharp decrease. The most prominent rate of growth was recorded in 2015 with an increase of 242% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Oxides Of Boron and Boric Acids

Exports in SADC

Boron oxide and boric acid exports surged to X tons in 2021, increasing by 19% compared with the previous year's figure. Over the period under review, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2019 when exports increased by 56% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, boron oxide and boric acid exports skyrocketed to $X in 2021. In general, exports, however, saw a abrupt contraction. The growth pace was the most rapid in 2017 with an increase of 36% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

South Africa prevails in exports structure, amounting to X tons, which was approx. 92% of total exports in 2021. It was distantly followed by Zambia (X tons), generating a 7% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to boron oxide and boric acid exports from South Africa stood at +4.3%. At the same time, Zambia (+35.9%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in SADC, with a CAGR of +35.9% from 2012-2021. From 2012 to 2021, the share of South Africa and Zambia increased by +65 and +6.8 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest boron oxide and boric acid supplier in SADC, comprising 97% of total exports. The second position in the ranking was taken by Zambia ($X), with a 2.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value in South Africa stood at -2.4%.

Export Prices by Country

In 2021, the export price in SADC amounted to $X per ton, with an increase of 6.3% against the previous year. In general, the export price, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 24%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was South Africa ($X per ton), while Zambia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Zambia (+2.2%).

Imports of Oxides Of Boron and Boric Acids

Imports in SADC

In 2021, approx. X tons of oxides of boron and boric acids were imported in SADC; dropping by -6% on 2020. Total imports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -18.5% against 2019 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 67%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, boron oxide and boric acid imports surged to $X in 2021. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 41% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

South Africa prevails in imports structure, recording X tons, which was approx. 88% of total imports in 2021. Tanzania (X tons) and Zimbabwe (X tons) followed a long way behind the leaders.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of oxides of boron and boric acids. At the same time, Zimbabwe (+17.8%) and Tanzania (+12.4%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing importer imported in SADC, with a CAGR of +17.8% from 2012-2021. Tanzania (+2.4 p.p.) and Zimbabwe (+2.2 p.p.) significantly strengthened its position in terms of the total imports, while South Africa saw its share reduced by -6% from 2012 to 2021, respectively.

In value terms, South Africa ($X) constitutes the largest market for imported oxides of boron and boric acids in SADC, comprising 84% of total imports. The second position in the ranking was taken by Tanzania ($X), with a 4.5% share of total imports.

In South Africa, boron oxide and boric acid imports contracted by an average annual rate of -1.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Tanzania (+11.0% per year) and Zimbabwe (+9.7% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2021, increasing by 25% against the previous year. In general, the import price, however, recorded a mild setback. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was Zimbabwe ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tanzania (-1.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform