Spain: Oxides Of Boron Market 2024

Oxides Of Boron Market Size in Spain

The Spanish oxides of boron market surged to $X in 2022, growing by 50% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption posted resilient growth. Oxides of boron consumption peaked in 2022 and is expected to retain growth in the near future.

Oxides Of Boron Exports

Exports from Spain

In 2022, the amount of oxides of boron, boric acids and inorganic acids exported from Spain fell to X tons, waning by -14.8% on the previous year's figure. Overall, exports, however, enjoyed noticeable growth. The pace of growth was the most pronounced in 2013 when exports increased by 620%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, oxides of boron exports skyrocketed to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 534%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Portugal (X tons), France (X tons) and Italy (X tons) were the main destinations of oxides of boron exports from Spain, with a combined 68% share of total exports. Greece, Egypt, Lithuania, Poland, Mexico and Chile lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +71.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for oxides of boron exported from Spain were Portugal ($X), France ($X) and Italy ($X), together comprising 56% of total exports. Egypt, Greece, Lithuania, Poland, Mexico and Chile lagged somewhat behind, together comprising a further 20%.

Egypt, with a CAGR of +74.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average oxides of boron export price amounted to $X per ton, surging by 39% against the previous year. Overall, the export price, however, recorded a noticeable contraction. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+2.0%), while the prices for the other major destinations experienced mixed trend patterns.

Oxides Of Boron Imports

Imports into Spain

In 2022, the amount of oxides of boron, boric acids and inorganic acids imported into Spain expanded markedly to X tons, growing by 8.9% on the year before. In general, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +7.0% 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 +11.2% against 2018 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 70% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, oxides of boron imports skyrocketed to $X in 2022. Overall, imports posted a prominent expansion. The growth pace was the most rapid in 2013 when imports increased by 95% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Turkey (X tons), the United States (X tons) and China (X tons) were the main suppliers of oxides of boron imports to Spain, with a combined 72% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +74.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of oxides of boron, boric acids and inorganic acids to Spain, comprising 47% of total imports. The second position in the ranking was held by Turkey ($X), with a 15% share of total imports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +101.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-0.3% per year) and the United States (+6.0% per year).

Import Prices by Country

The average oxides of boron import price stood at $X per ton in 2022, growing by 49% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.2% 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 +33.6% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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