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Borates exports reached a peak of 857K tons in 2018 but saw a decrease in the following years, with exports staying at a lower figure from 2019 to 2023. In terms of value, Borates exports notably dropped to $228M in 2023.
Borates imports peaked at 1.6M tons in 2018, but from 2019 to 2023, they remained at a lower figure. In terms of value, Borates imports decreased to $855M in 2023.
Explore the top import markets for borates worldwide and discover key statistics and trends. Find out which countries are leading in borate imports and the opportunities they present for suppliers.
Borates exports reached a peak of 857K tons in 2018, but decreased in the following years, with exports totaling $228M in 2023.
During the review period, Borates imports reached a record high of 57K tons in 2017. From 2018 to 2023, imports remained slightly lower. The value of borates imports increased significantly to $27M in 2023.
In June 2023, the price of Borates was $564 per ton (CIF, Canada), showing a decrease of -28% compared to the previous month.
Import of Borates decreased by a small margin to $80M in June 2023.
The price of Borates increased by 42% to $1,571 per ton (CIF, South Africa) in May 2023, compared to the previous month.
In January 2023, the borates price increased by 11% to $829 per ton FOB, US compared to the previous month.
In September 2022, the borates price stood at $444 per ton (FOB, Turkey), picking up by 9.8% against the previous month.
In 2021, U.S. borates exports expanded to $515M, driven by solid demand from China, South Korea, Canada and India.
In value terms, natural borates imports amounted to $X in 2016. Overall, it indicated a strong increase from 2007 to 2016: the total imports value increased at an average annual rate of +X% over ...
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