United Arab Emirates: Market for Oxides Of Boron and Boric Acids 2024

Market Size for Oxides Of Boron and Boric Acids in the United Arab Emirates

The market for oxides of boron and boric acids in the United Arab Emirates fell dramatically to $X in 2021, waning by -36.8% 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). In general, consumption, however, recorded a tangible increase. As a result, consumption attained the peak level of $X, and then contracted rapidly in the following year.

Exports of Oxides Of Boron and Boric Acids

Exports from the United Arab Emirates

In 2021, overseas shipments of oxides of boron and boric acids decreased by -42.2% to X tons, falling for the fourth consecutive year after four years of growth. Over the period under review, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2015 with an increase of 393%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, boron oxide and boric acid exports fell remarkably to $X in 2021. In general, exports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of 218% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Israel (X tons) was the main destination for boron oxide and boric acid exports from the United Arab Emirates, accounting for a 88% share of total exports. Moreover, boron oxide and boric acid exports to Israel exceeded the volume sent to the second major destination, Oman (X tons), more than tenfold. The third position in this ranking was taken by Pakistan (X tons), with a 3.9% share.

From 2012 to 2021, the average annual growth rate of volume to Israel was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-3.6% per year) and Pakistan (-1.9% per year).

In value terms, Israel ($X) emerged as the key foreign market for oxides of boron and boric acids exports from the United Arab Emirates, comprising 77% of total exports. The second position in the ranking was taken by Oman ($X), with a 7.3% share of total exports. It was followed by Rwanda, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value to Israel was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-6.8% per year) and Rwanda (0.0% per year).

Export Prices by Country

The average export price for oxides of boron and boric acids stood at $X per ton in 2021, declining by -5.9% against the previous year. Over the period under review, the export price showed a deep setback. The most prominent rate of growth was recorded in 2013 an increase of 149% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Rwanda ($X per ton), while the average price for exports to Israel ($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 Iran (+2.2%), while the prices for the other major destinations experienced a decline.

Imports of Oxides Of Boron and Boric Acids

Imports into the United Arab Emirates

In 2021, after two years of growth, there was significant decline in overseas purchases of oxides of boron and boric acids, when their volume decreased by -42.8% to X tons. Over the period under review, imports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 558%. Over the period under review, imports hit record highs at X tons in 2020, and then contracted rapidly in the following year.

In value terms, boron oxide and boric acid imports dropped markedly to $X in 2021. Overall, imports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2019 when imports increased by 455%. Imports peaked at $X in 2020, and then contracted remarkably in the following year.

Imports by Country

Russia (X tons), Peru (X tons) and Chile (X tons) were the main suppliers of boron oxide and boric acid imports to the United Arab Emirates, with a combined 85% share of total imports. These countries were followed by Malaysia, which accounted for a further 13%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +632.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Russia ($X), Peru ($X) and Malaysia ($X) were the largest boron oxide and boric acid suppliers to the United Arab Emirates, with a combined 76% share of total imports.

Malaysia, with a CAGR of +335.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for oxides of boron and boric acids stood at $X per ton in 2021, surging by 15% against the previous year. In general, the import price, however, saw a slight descent. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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