Spain: Market for Oxides Of Boron and Boric Acids 2024

Exports of Oxides Of Boron and Boric Acids

Exports from Spain

Boron oxide and boric acid exports from Spain fell notably to X tons in 2021, with a decrease of -51.2% compared with 2020 figures. Over the period under review, exports, however, showed a moderate increase. The most prominent rate of growth was recorded in 2013 with an increase of 66% against the previous year. The exports peaked at X tons in 2020, and then contracted significantly in the following year.

In value terms, boron oxide and boric acid exports reduced sharply to $X in 2021. Overall, exports recorded a noticeable curtailment. The growth pace was the most rapid in 2013 with an increase of 42%. Over the period under review, the exports attained the maximum at $X in 2020, and then fell rapidly in the following year.

Exports by Country

France (X tons) was the main destination for boron oxide and boric acid exports from Spain, accounting for a 57% share of total exports. Moreover, boron oxide and boric acid exports to France exceeded the volume sent to the second major destination, Portugal (X tons), fourfold. The third position in this ranking was held by Greece (X tons), with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+8.4% per year) and Greece (+5.9% per year).

In value terms, France ($X) remains the key foreign market for oxides of boron and boric acids exports from Spain, comprising 47% of total exports. The second position in the ranking was taken by Portugal ($X), with an 18% share of total exports. It was followed by Greece, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France stood at +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+2.9% per year) and Greece (-2.2% per year).

Export Prices by Country

In 2021, the average export price for oxides of boron and boric acids amounted to $X per ton, picking up by 6.4% against the previous year. Overall, the export price, however, continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2016 an increase of 15% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, the countries with the highest prices were Portugal ($X per ton) and Morocco ($X per ton), while the average price for exports to France ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+83.6%), while the prices for the other major destinations experienced a decline.

Imports of Oxides Of Boron and Boric Acids

Imports into Spain

In 2021, purchases abroad of oxides of boron and boric acids increased by 20% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 43% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, boron oxide and boric acid imports surged to $X in 2021. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 39%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest boron oxide and boric acid supplier to Spain, with a 51% share of total imports. Moreover, boron oxide and boric acid imports from Turkey exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. Peru (X tons) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey stood at +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.5% per year) and Peru (+12.7% per year).

In value terms, Turkey ($X) constituted the largest supplier of oxides of boron and boric acids to Spain, comprising 44% of total imports. The second position in the ranking was taken by the United States ($X), with an 18% share of total imports. It was followed by the Netherlands, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey totaled -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.9% per year) and the Netherlands (+44.5% per year).

Import Prices by Country

The average import price for oxides of boron and boric acids stood at $X per ton in 2021, growing by 11% against the previous year. Overall, the import price, however, continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2019 when the average import price increased by 34% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (-1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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