Global Oxides Of Boron Market 2024

Oxides Of Boron Market Size

In 2022, the global oxides of boron market increased by 26% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Oxides Of Boron Production

In value terms, oxides of boron production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 28%. As a result, production reached the peak level of $X. From 2019 to 2022, global production growth failed to regain momentum.

Oxides Of Boron Exports

Exports

Global oxides of boron exports reduced to X tons in 2022, which is down by -10.9% on the previous year. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 11%. As a result, the exports attained the peak of X tons, and then declined in the following year.

In value terms, oxides of boron exports surged to $X in 2022. Over the period under review, total exports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.4% against 2015 indices. The growth pace was the most rapid in 2021 when exports increased by 31% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States was the main exporter of oxides of boron, boric acids and inorganic acids in the world, with the volume of exports reaching X tons, which was near 28% of total exports in 2022. It was distantly followed by Russia (X tons), China (X tons), Chile (X tons) and Finland (X tons), together constituting a 37% share of total exports. The following exporters - Israel (X tons), the Netherlands (X tons), Poland (X tons), Indonesia (X tons), Taiwan (Chinese) (X tons), Germany (X tons), Peru (X tons) and Argentina (X tons) - together made up 23% of total exports.

From 2012 to 2022, average annual rates of growth with regard to oxides of boron exports from the United States stood at +2.1%. At the same time, Poland (+24.7%), the Netherlands (+12.7%), Indonesia (+6.2%), Germany (+5.1%), Israel (+4.2%), Russia (+3.4%) and China (+2.3%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the world, with a CAGR of +24.7% from 2012-2022. Chile experienced a relatively flat trend pattern. By contrast, Peru (-4.5%), Argentina (-5.0%), Finland (-6.7%) and Taiwan (Chinese) (-8.8%) illustrated a downward trend over the same period. While the share of the United States (+3.7 p.p.), Poland (+3 p.p.), Russia (+2.4 p.p.) and the Netherlands (+2.4 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Argentina (-1.5 p.p.), Taiwan (Chinese) (-4.4 p.p.) and Finland (-8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), the United States ($X) and Israel ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 50% of global exports. Chile, Germany, Russia, Taiwan (Chinese), the Netherlands, Poland, Argentina, Indonesia, Peru and Finland lagged somewhat behind, together accounting for a further 28%.

Among the main exporting countries, Poland, with a CAGR of +25.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global 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, jumping by 34% against the previous year. Over the period under review, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% 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 export price increased by +74.0% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+10.8%), while the other global leaders experienced more modest paces of growth.

Oxides Of Boron Imports

Imports

In 2022, after two years of growth, there was significant decline in supplies from abroad of oxides of boron, boric acids and inorganic acids, when their volume decreased by -9.6% to X tons. The total import volume increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 17% against the previous year. Over the period under review, global imports reached the peak figure at X tons in 2021, and then reduced in the following year.

In value terms, oxides of boron imports skyrocketed to $X in 2022. Over the period under review, total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +52.3% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China represented the major importer of oxides of boron, boric acids and inorganic acids in the world, with the volume of imports recording X tons, which was near 31% of total imports in 2022. The United States (X tons) took an 8.1% share (based on physical terms) of total imports, which put it in second place, followed by Brazil (6%), Sweden (5.5%) and South Korea (5.2%). Germany (X tons), Japan (X tons), France (X tons), Spain (X tons), Russia (X tons), Canada (X tons), Taiwan (Chinese) (X tons) and Italy (X tons) took a minor share of total imports.

Imports into China increased at an average annual rate of +7.9% from 2012 to 2022. At the same time, Sweden (+12.3%), Spain (+7.0%), Canada (+5.9%), Russia (+5.5%), France (+3.3%) and Brazil (+3.1%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing importer imported in the world, with a CAGR of +12.3% from 2012-2022. The United States and South Korea experienced a relatively flat trend pattern. By contrast, Italy (-2.4%), Germany (-2.4%), Taiwan (Chinese) (-6.1%) and Japan (-7.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Sweden increased by +13 and +3.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported oxides of boron, boric acids and inorganic acids worldwide, comprising 33% of global imports. The second position in the ranking was taken by the United States ($X), with a 10% share of global imports. It was followed by Brazil, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +11.4%. The remaining importing countries recorded the following average annual rates of imports growth: the United States (+5.6% per year) and Brazil (+6.7% per year).

Import Prices by Country

In 2022, the average oxides of boron import price amounted to $X per ton, rising by 43% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.3% 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 import price increased by +60.7% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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