U.S.: Market for Oxides Of Boron and Boric Acids 2024

Market Size for Oxides Of Boron and Boric Acids in the U.S.

In 2021, the U.S. market for oxides of boron and boric acids decreased by -5.4% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption showed a perceptible shrinkage. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Oxides Of Boron and Boric Acids in the U.S.

In value terms, boron oxide and boric acid production fell modestly to $X in 2021. Over the period under review, production showed a slight reduction. The most prominent rate of growth was recorded in 2019 when the production volume increased by 18% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Oxides Of Boron and Boric Acids

Exports from the U.S.

Boron oxide and boric acid exports from the United States rose sharply to X tons in 2021, with an increase of 8.9% against 2020 figures. Overall, total exports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -15.6% against 2019 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 36%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, boron oxide and boric acid exports amounted to $X in 2021. The total export value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 36% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons) were the main destinations of boron oxide and boric acid exports from the United States, with a combined 65% share of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +18.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Taiwan (Chinese) ($X) appeared to be the largest markets for boron oxide and boric acid exported from the United States worldwide, together comprising 63% of total exports.

China, with a CAGR of +16.4%, saw the highest growth rate of the value of exports, among 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

The average export price for oxides of boron and boric acids stood at $X per ton in 2021, rising by 3.1% against the previous year. Overall, the export price, however, recorded a perceptible decline. The growth pace was the most rapid in 2020 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-0.2%), while the prices for the other major destinations experienced a decline.

Imports of Oxides Of Boron and Boric Acids

Imports into the U.S.

In 2021, supplies from abroad of oxides of boron and boric acids increased by 35% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, showed a relatively flat trend pattern. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, boron oxide and boric acid imports soared to $X in 2021. Overall, imports, however, recorded a pronounced curtailment. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of boron oxide and boric acid to the United States, accounting for a 82% share of total imports. Moreover, boron oxide and boric acid imports from Turkey exceeded the figures recorded by the second-largest supplier, Chile (X tons), more than tenfold. Peru (X tons) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey amounted to +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (-9.7% per year) and Peru (+13.0% per year).

In value terms, Turkey ($X) constituted the largest supplier of oxides of boron and boric acids to the United States, comprising 75% of total imports. The second position in the ranking was held by Chile ($X), with a 6% share of total imports. It was followed by Italy, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey totaled -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (-12.1% per year) and Italy (-2.7% per year).

Import Prices by Country

The average import price for oxides of boron and boric acids stood at $X per ton in 2021, approximately equating the previous year. Overall, the import price, however, recorded a noticeable shrinkage. The growth pace was the most rapid in 2014 when the average import price increased by 21%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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