Southern Asia: Oxides Of Boron Market 2025

Oxides Of Boron Market Size in Southern Asia

In 2022, the South Asian oxides of boron market decreased by -7% to $X for the first time since 2015, thus ending a six-year rising trend. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2021, and then shrank in the following year.

Oxides Of Boron Production in Southern Asia

In value terms, oxides of boron production shrank to $X in 2022 estimated in export price. The total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.8% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 24% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Oxides Of Boron Exports

Exports in Southern Asia

In 2022, approx. X tons of oxides of boron, boric acids and inorganic acids were exported in Southern Asia; picking up by 49% compared with the year before. Overall, exports enjoyed resilient growth. The pace of growth was the most pronounced in 2015 with an increase of 72%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, oxides of boron exports soared to $X in 2022. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the one major exporters of oxides of boron, boric acids and inorganic acids, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the oxides of boron, boric acids and inorganic acids exports, with a CAGR of +15.2% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest oxides of boron supplier in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India totaled +21.4%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, increasing by 17% against the previous year. Export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.3% 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 +74.8% against 2015 indices. The pace of growth appeared the most rapid in 2021 an increase of 18% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +5.4% per year.

Oxides Of Boron Imports

Imports in Southern Asia

After two years of growth, supplies from abroad of oxides of boron, boric acids and inorganic acids decreased by -31.7% to X tons in 2022. Over the period under review, imports recorded a pronounced decline. The pace of growth was the most pronounced in 2016 with an increase of 32%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, oxides of boron imports totaled $X in 2022. The total import value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of 21% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

India dominates imports structure, amounting to X tons, which was approx. 82% of total imports in 2022. It was distantly followed by Pakistan (X tons) and Bangladesh (X tons), together committing a 14% share of total imports. Sri Lanka (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to oxides of boron imports into India stood at -3.3%. At the same time, Sri Lanka (+3.5%) and Bangladesh (+1.9%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +3.5% from 2012-2022. By contrast, Pakistan (-4.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Bangladesh increased by +2.5 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported oxides of boron, boric acids and inorganic acids in Southern Asia, comprising 89% of total imports. The second position in the ranking was held by Pakistan ($X), with a 5.5% share of total imports. It was followed by Bangladesh, with a 3.7% share.

In India, oxides of boron imports increased at an average annual rate of +2.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (-1.4% per year) and Bangladesh (+5.7% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, jumping by 54% against the previous year. Import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.0% 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 import price increased by +116.9% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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