Boron Prices

Boron Price Trend and Forecast

Track the latest insights on boron price trend and forecast with detailed analysis of regional fluctuations and market dynamics across Europe, North America, Middle East & Africa, Asia Pacific, and Latin America.

Boron Prices Q4 2024

During Q4 2024, the prices for boron in the United States reached 720 USD/MT in December. Product prices in the country fell in this quarter due to surplus supply from Turkey and Spain, combined with lowered demand across key sectors. Despite stable domestic production, excess inventory pressured prices. Construction, automotive, and coatings industries struggled, while supply chain interruptions added market volatility. Discounting efforts failed to revive demand, keeping pricing weak.

In Q4 2024, China's boron prices saw a dip in prices as weak demand offset stable production. The quarter ended with boron priced at 675 USD/MT in December. The construction industry slowed because of the colder temperature in the country, while automobile exports declined. Rising energy costs and the introduction of various environmental regulations and policies additionally reduced fertilizer industry demand. Though Turkey remained a key supplier, cautious procurement strategies in China led to reduced imports, sustaining market pressure.

During Q4 2024, boron pricing in Turkey saw a downward trend. The quarter ended with Boron priced at 570 USD/MT in December. With falling demand in construction and automotive sectors despite steady output, the market saw a dip in rates. Economic uncertainties, inflation, along with currency fluctuations weakened industrial performance. Boron exports also dropped due to unfavorable rates of exchange and refinery maintenance, while price pressure persisted as market confidence remained low throughout the period.

Boron Prices Q3 2024

The boron prices in the United States for Q3 2024 reached 715 USD/MT in September. The region faced a slight decline amidst an ongoing contraction in the manufacturing sector and low downstream demand. Supply levels remained moderate with stable import flows. Moreover, the clearance of the major boron mine project signaled potential future domestic supply expansion.

The price trend for boron in China for Q3 2024 settled at 720 USD/MT in September. The market faced significant price variations, demonstrating market resilience and stability. Economic and industrial activities, alongside seasonal trends, contributed to maintaining balanced supply-demand dynamics despite potential disruptions, resulting in consistent pricing and steady growth throughout the quarter.

In Spain, the boron prices for Q3 2024 reached 625 USD/MT in September. The market saw noticeable price changes influenced by mixed demand from construction, agriculture, and electronics sectors. Moreover, seasonal weather impacts facilitated the price adjustments, reflecting broader European trends. The market remained stable overall, underscoring Spain's significant role in shaping the region's pricing landscape.

Boron Prices Q2 2024

The boron prices in China for Q2 2024 reached 757 USD/MT in June. The region experienced significant price hikes due to strong global influences and domestic demand. Limited supply, heightened by regulatory and logistical challenges, fueled price increases. Furthermore, seasonal industrial activity post-winter contributed to market momentum, while plant shutdowns exacerbated supply issues, maintaining a bullish price environment.

The price trend for boron in Spain for Q2 2024 settled at 624 USD/MT in June. The market saw notable price growth driven by increased automotive sector demand and regulatory measures under the EU critical raw materials act. Energy price fluctuations and alloy surcharges further influenced this upward trend, with resilient demand and strategic supply management sustaining a positive market sentiment.

Boron Prices Q4 2023

Q4 2023 began with prices of the Indian boron market increasing in October due to enhanced demand from the paint, coating, and glass industries that were mainly affected by the expectation of India’s first factory to manufacture gorilla glass. The rise was short-lived, with prices declining from November onwards, and was attributed to a mix of factors such as higher inventory from high production levels, trade disruptions, economic uncertainties, and consumer uncertainty. The combined impact of these dynamics was an oversupply, and the natural boron ore CFR JNPT in India price closed at 563 USD/MT at the end of the quarter.

The price of boron in Spain declined in the last quarter of 2023 due to low demand from the domestic and international downstream sectors. Economic uncertainties and sectoral challenges, such as the increase in federal rates hitting the glass industry and the Red Sea trade disruptions made matters worse. Higher production caused the accumulation of residual stock, while the change in seasons and geopolitical issues caused reserve purchases. The low demand in several industries, along with tough winter conditions, and the changing trends in the automobile sector resulted in the FOB Barcelona price of natural boron ore closing at 540 USD/MT.

Regional Coverage

The report provides a detailed analysis of the boron market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the boron price trend.

Global Boron Price Trend

The report offers a holistic view of the global boron pricing trends in the form of boron price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of boron but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes. 

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed boron demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Boron Price Trend

Q4 2024:

The European boron market observed a downward trend during the fourth quarter of 2024, with rates declining in comparison to the recorded rate of September. This downward movement stemmed from weak industrial demand and economic headwinds affecting key sectors. Turkey, which is the dominant global supplier, conserved steady output, but consumption slowed significantly across major industries, including construction and automotive. The fall in the demand from the construction industry led to lower supply of the product in applications like ceramic and fiberglass. Macroeconomic challenges, such as high inflation and fluctuations in currency, further dampened industrial performance. Global supply of the product saw a slight contraction, affected by adverse exchange rate conditions and scheduled maintenance at significant processing facilities. Despite ongoing efforts to explore emerging uses in industries like advanced ceramics along with sustainable technologies, the persistent downturn in demand continued to weigh on product rates. By December, market dynamics pointed to sustained downward pressure amid sluggish trade activity.

Q3 2024:

During Q3 2024, the boron market in Europe demonstrated overall stability, with pricing trends holding steady. Market prices were influenced by demand shifts in sectors such as renewable energy, construction, and automotive. Furthermore, factors like weather impacts, regulatory shifts, and economic uncertainties played roles in shaping price trends. Spain saw the most noticeable price changes due to varying demand from industries like agriculture and electronics. In addition, seasonal weather patterns affected construction activity, contributing to price fluctuations. These interconnected trends highlighted Spain's impact on the broader European market, emphasizing the steady pricing environment observed during the quarter.

Q2 2024:

During Q2 2024, the boron market in Europe experienced a marked increase in prices, influenced by macroeconomic factors, regulatory shifts, and energy cost fluctuations. The EU critical raw materials act played a significant role, promoting local production and reducing external dependency, which bolstered market sentiment. In addition, the increasing alloy surcharges beacsue of amplified prices of nickel and molybdenum, along with elevated energy expenses, further fueled this trend. Moreover, in Spain, notable demand from the automotive industry, despite overall slower manufacturing activity, highlighted market resilience. The combination of regulatory support and robust demand amidst energy price variability sustained higher market prices.

Q4 2023:

In Europe, the boron market suffered price drop because the end-use industries saw a reduction in demand, and economic uncertainties. Stable building activity failed to compensate for the reduced demand in the glass industry, weakened by market instability and interest rate hikes. The surplus in supply came from the increased production, which disrupted the market further by the disruptions in trading and severe winter conditions. Global trends towards electric vehicles also played a part in the decline of demand across many sectors.

This analysis can be extended to include detailed boron price information for a comprehensive list of countries.

North America Boron Price Trend

Q4 2024:

The boron market in North America witnessed a price reduction in the final quarter of 2024. This downward trend was largely attributed to subdued demand in major industries and an excess of global supply, majorly from producers from Spain and Turkey, resulted in excess stock within the U.S. sector. Despite steady domestic production levels, lower trading volumes contributed to rising inventories. Sellers attempted to counteract the sluggish market through discount strategies, yet weak consumption in sectors such as construction, automotive, and coatings restricted price recovery. In the construction industry, high financing costs and slower job growth continued to suppress demand, while broader industrial activity remained lackluster due to seasonal slowdowns. While specific industries like sustainable paints and oil drilling showed pockets of optimism, overall demand remained limited. From a supply perspective, production remained stable, though supply chain obstacles—including transportation inefficiencies and seasonal workforce cutbacks—exacerbated market volatility. These factors sustained downward pricing trend, pushing producers and suppliers to adopt a more cautious approach. By December, the market showed ongoing difficulties in maintaining price stability.

Q3 2024:

Throughout the third quarter of 2024, the boron market in North America, especially in the U.S., experienced a downward trend marked by a slight performance dip between the quarter's two halves. The sector grappled with a supply and demand imbalance, as stable supply levels outpaced sluggish demand. Moreover, the manufacturing sector continued its downturn for the sixth consecutive month, further influencing the market. While supply chains remained steady with consistent imports from South America and Turkey, a key development was the approval of the lithium-boron mine project in Nevada, indicating potential future supply growth. Additionally, downstream demand showed significant weakness, impacting market conditions.

Q2 2024:

Throughout the second quarter of 2024, the North American boron market witnessed several challenges, with stable upstream production impacted by tight margins due to high energy costs and global competition. The complex, energy-intensive nature of boron production magnified these pressures. Furthermore, downstream demand from specialized industries like aerospace and defense remained resilient, but overall consumption was constrained by the market’s limited size and the premium cost of boron in comparison to substitutes. Additionally, supply chain constraints and economic uncertainties affected market momentum. Moreover, producers and consumers actively focused on technological innovations and market shifts to manage challenges and explore potential opportunities.

Q4 2023:

The market exhibited varied dynamics in North America, where in the beginning, the boron market decreased because of reduced demand from the glass industry due to the economic uncertainty, and a slowdown in construction activities. Subsequent months witnessed price increases, driven by supply tightness and mounting demand from the paint, coating, and fertilizer sectors, despite trade disruptions and unfavorable weather conditions. The market was quite stable at the end of the month. This was achieved mainly by global economic instability and prudent actions of the purchasers across the various industries.

Specific boron historical data within the United States and Canada can also be provided.

Middle East and Africa Boron Price Trend

The report explores the boron pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on boron prices for countries can also be provided.

Asia Pacific Boron Price Trend

Q4 2024:

Prices of boron in the Asia-Pacific region recorded a decline during the last quarter of 2024, largely driven by weakening demand, majorly in China. The country's manufacturing sector maintained steady levels of production, though declining sectoral consumption disrupted market balance. Transportation expenses exhibited variability owing to fluctuating costs of fuel, affecting the broader logistical chain. Consumption signals in China were mixed, as the construction industry slowed with the onset of winters and automobile purchases weakened. Rising energy costs along with stringent environmental regulations also curbed boron consumption in the fertilizer industry. Meanwhile, Turkey maintained a strong export presence, though Chinese importers exercised caution, reducing procurement levels. Supply stability persisted globally, yet cautious purchasing behavior among Chinese manufacturers, alongside shifting economic conditions, kept boron prices under pressure. By December, the market reflected these challenges, with demand remaining tepid despite steady production levels.

Q3 2024:

In Q3 2024, the APAC boron market showed stability, with balanced supply and demand dynamics supporting consistent pricing. Industrial activity, seasonal trends, and economic conditions were key in maintaining market balance. Despite potential disruptions like supply chain challenges and plant shutdowns, the region upheld a steady pricing environment. Moreover, China experienced notable price variations, underscoring its resilient market position and steady growth trajectory. Minimal correlation in price changes between the early and late stages of the quarter highlighted the market's balanced nature, reflecting a positive outlook by the end of the period.

Q2 2024:

In the second quarter of 2024, the Asia Pacific region saw a strong rise in boron prices due to consistent demand from key sectors such as semiconductors, agriculture, and ceramics. Limited supply, coupled with regulatory challenges and logistical constraints, added to price increases. In addition to this, market speculation and stockpiling by major companies also contributed to the upward trend. China, specifically, witnessed significant price changes due to elevated domestic demand and global influences. Moreover, seasonal industrial activity post-winter spurred additional market momentum, while supply chain uncertainties and plant shutdowns further strained the market and drove prices upward, showcasing a bullish environment.

Q4 2023:

In the Asia-Pacific region, the boron market first underwent price increases fueled by the strong demand coming from glass, paint and coating industries. On the contrary, the following few months observed a decline in prices as the result of reduced demand at the local and global levels, excess production which consequently caused inventory surpluses and the trade disruptions. The looming economic uncertainties, the seasonal fluctuations, and the quandary about trade security instigated the market to fall drastically.

This boron price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Boron Price Trend

Latin America's boron market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in boron prices. Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, economic fluctuations and currency devaluation are critical factors that need to be considered when analyzing boron pricing trends in this region.

This comprehensive review can be extended to include specific countries within the region.

Boron Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Boron Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of boron pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of boron at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of boron price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing boron price fluctuations, such as supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Boron Industry Analysis

The global boron industry size reached US$ 2.3 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 3.3 Billion, at a projected CAGR of 4.20% during 2023-2032.

The extensive use of boron in borosilicate glass production for its thermal shock resistance represents one of the key factors driving the market growth of boron. For instance, based on the International Year of Glass 2022, almost 650 container glass manufacturers are operating in 1200 sites worldwide, manufacturing 95 million tons of glass annually which is followed by 320 flat glass manufacturers in about 560 sites, and by the manufacturers of household glass/tableware that operates in over 400 sites with nearly 8 million tons of production a year. Moreover, the rising demand for boron in the fiberglass industry due to its strength and durability, is a major growth-inducing factor. In addition to this, boron is a pivotal component used in the agricultural industry for boosting crop yields, thereby contributing to the market growth. Besides this, boron is used in nuclear reactors as a neutron absorber for safety measures. Along with this, boron acts as a key component in boron-infused fertilizers to fulfill the food demand globally which, in turn, is facilitating the market growth of boron. Apart from this, the growth of the construction industry requires boron-based insulation materials. For instance, NBS data of China shows that Construction value accounted for CNY 31.2 trillion (USD 4.5 trillion) in 2022, which is up from CNY 29.3 trillion (USD 4.2 trillion) in 2021. It is estimated that China plans to spend around USD 13 trillion on buildings over the next decade, which is creating a positive outlook for the boron market. Furthermore, the transition from fossil fuels to the utilization of renewable energy sources is positively impacting the energy storage demand, which is further employed in battery technologies, including lithium borate. These batteries demonstrate high energy density and suitability for electric vehicles (EVs) and energy storage systems. This is significantly contributing to the growth of the boron market.

Boron News

The report covers the latest developments, updates, and trends impacting the global boron industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the boron price trend.

Latest developments in the Boron industry:

• In October 2024, Tether proposed creating digital tokens backed by boron to the Turkish government, using blockchain technology. Discussions are in early stages, with plans also including a digital asset exchange in Istanbul. 
• In October 2024, Ioneer Ltd received federal approval for its Rhyolite Ridge Lithium-Boron Project, marking the first U.S. lithium project approved under the Biden Administration's efforts to boost domestic mineral production. The project is located in Nevada and it said to supply materials for over 370,000 EVs. Its construction is set to begin in 2025, with production expected in 2028. 
• In March 2024, Gulbrandsen was recognized by Chevron Phillips Chemical Company for its consistent on-time delivery and excellent customer service as a trusted supplier of Boron Trifluoride (BF3). The award highlights Gulbrandsen's commitment to operational excellence. 
• In February 2024, Saint-Gobain Boron Nitride received a Platinum Medal from EcoVadis for its outstanding sustainability performance, scoring 83/100 and ranking in the top 1% of rated companies. The award evaluates performance across four core sustainability themes: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement. Additionally, the company won the 2024 EcoVadis Sustainability Leadership Award for excellence in sustainability. 

Product Description

Boron, an element with the symbol B and atomic number 5, is one of the few elements that demonstrate remarkable features and find applications in a wide range of fields. It occurs mixed with other compounds in the Earth's crust and is notable for its extreme hardness, and relatively low abundance. Boron is a metalloid hence it owes its intermediate properties to both metals and non-metals. The unique aspect of this element lies in its ability to form strong covalent bonds, which in turn contributes to its high melting point and hardness. Boron has a crystalline structure, black, shiny, and hard like diamond which is the reason why it can be used in industrial fields where the material needs to be very strong and resilient. Boron is widely employed in glass and fiberglass manufacturing, as a micronutrient in agriculture fertilizers, and as a high-tech material boron carbide and boron nitride due to their hardness and thermal properties.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of boron pricing, covering global and regional trends, spot prices at key ports, and a breakdown of ex-works, FOB, and CIF prices.
• The study examines factors affecting boron price trend, including supply-demand shifts and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The boron price charts ensure our clients remain at the forefront of the industry.