South-Eastern Asia: Market for Oxides Of Boron and Boric Acids 2024

Exports of Oxides Of Boron and Boric Acids

Exports in South-Eastern Asia

For the third consecutive year, South-Eastern Asia recorded growth in shipments abroad of oxides of boron and boric acids, which increased by 8.7% to X tons in 2021. Over the period under review, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 104% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, boron oxide and boric acid exports skyrocketed to $X in 2021. Overall, exports showed a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 83%. The level of export peaked in 2021 and is likely to see gradual growth in years to come.

Exports by Country

Malaysia prevails in exports structure, finishing at X tons, which was near 96% of total exports in 2021. Singapore (X tons) took a minor share of total exports.

Malaysia was also the fastest-growing in terms of the oxides of boron and boric acids exports, with a CAGR of +23.9% from 2012 to 2021. Singapore (-6.7%) illustrated a downward trend over the same period. Malaysia (+51 p.p.) significantly strengthened its position in terms of the total exports, while Singapore saw its share reduced by -14.5% from 2012 to 2021, respectively.

In value terms, Malaysia ($X) remains the largest boron oxide and boric acid supplier in South-Eastern Asia, comprising 89% of total exports. The second position in the ranking was taken by Singapore ($X), with an 8.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Malaysia stood at +17.9%.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, increasing by 11% against the previous year. In general, the export price, however, continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2016 an increase of 56%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per ton), while Malaysia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+0.1%).

Imports of Oxides Of Boron and Boric Acids

Imports in South-Eastern Asia

In 2021, approx. X tons of oxides of boron and boric acids were imported in South-Eastern Asia; jumping by 46% against the previous year. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +8.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +69.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, boron oxide and boric acid imports soared to $X in 2021. The total import value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Malaysia (X tons) represented the key importer of oxides of boron and boric acids, comprising 61% of total imports. Thailand (X tons) ranks second in terms of the total imports with a 17% share, followed by Vietnam (14%). The following importers - Indonesia (X tons) and Singapore (X tons) - each recorded a 7.7% share of total imports.

Malaysia was also the fastest-growing in terms of the oxides of boron and boric acids imports, with a CAGR of +12.7% from 2012 to 2021. At the same time, Vietnam (+12.0%) and Thailand (+11.0%) displayed positive paces of growth. Singapore experienced a relatively flat trend pattern. By contrast, Indonesia (-9.4%) illustrated a downward trend over the same period. While the share of Malaysia (+16 p.p.), Vietnam (+3.1 p.p.) and Thailand (+2.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Singapore (-4.9 p.p.) and Indonesia (-16.5 p.p.) displayed negative dynamics.

In value terms, Malaysia ($X) constitutes the largest market for imported oxides of boron and boric acids in South-Eastern Asia, comprising 57% of total imports. The second position in the ranking was held by Thailand ($X), with an 18% share of total imports. It was followed by Vietnam, with a 14% share.

In Malaysia, boron oxide and boric acid imports expanded at an average annual rate of +7.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Thailand (+9.2% per year) and Vietnam (+9.1% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, picking up by 2% against the previous year. Over the period under review, the import price, however, recorded a pronounced decline. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Singapore ($X per ton) and Indonesia ($X per ton), while Malaysia ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-1.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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