SADC: Oxides Of Boron Market 2025

Oxides Of Boron Market Size in SADC

In 2022, the SADC oxides of boron market increased by 7% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Oxides Of Boron Production in SADC

In value terms, oxides of boron production totaled $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 61%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Oxides Of Boron Exports

Exports in SADC

Oxides of boron exports fell dramatically to X tons in 2022, waning by -71% on the year before. In general, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 543% against the previous year. As a result, the exports reached the peak of X tons, and then shrank sharply in the following year.

In value terms, oxides of boron exports contracted remarkably to $X in 2022. Over the period under review, exports saw a perceptible decline. The pace of growth was the most pronounced in 2021 when exports increased by 687% against the previous year. As a result, the exports reached the peak of $X, and then contracted dramatically in the following year.

Exports by Country

The biggest shipments were from South Africa (X tons), together finishing at 99% of total export.

South Africa was also the fastest-growing in terms of the oxides of boron, boric acids and inorganic acids exports, with a CAGR of -3.1% from 2012 to 2022. While the share of South Africa (+31 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest oxides of boron supplier in SADC.

From 2012 to 2022, the average annual growth rate of value in South Africa was relatively modest.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, shrinking by -11.5% against the previous year. Export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% 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 export price increased by +21.2% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of 44% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then fell in the following year.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to +4.1% per year.

Oxides Of Boron Imports

Imports in SADC

In 2022, approx. X tons of oxides of boron, boric acids and inorganic acids were imported in SADC; with an increase of 14% against 2021 figures. Total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +4.6% 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 +70.3% against 2016 indices. The pace of growth was the most pronounced in 2014 with an increase of 40%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, oxides of boron imports expanded remarkably to $X in 2022. Over the period under review, imports showed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 75%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

South Africa prevails in imports structure, reaching X tons, which was approx. 85% of total imports in 2022. It was distantly followed by Zimbabwe (X tons), committing a 6.1% share of total imports. Tanzania (X tons) and Zambia (X tons) followed a long way behind the leaders.

Imports into South Africa increased at an average annual rate of +4.7% from 2012 to 2022. At the same time, Zimbabwe (+26.2%), Zambia (+10.4%) and Tanzania (+7.4%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing importer imported in SADC, with a CAGR of +26.2% from 2012-2022. From 2012 to 2022, the share of Zimbabwe increased by +5.2 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported oxides of boron, boric acids and inorganic acids in SADC, comprising 87% of total imports. The second position in the ranking was taken by Zimbabwe ($X), with a 4.6% share of total imports. It was followed by Zambia, with a 2.2% share.

In South Africa, oxides of boron imports increased at an average annual rate of +7.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Zimbabwe (+15.3% per year) and Zambia (+8.4% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, standing approx. at the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 57%. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Zambia ($X per ton), while Tanzania ($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 Africa (+3.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform