U.S. - Borates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingU.S. Borates Exports Modestly Rise with Increasing Demand from China
IndexBox has just published a new report: 'U.S. - Borates - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
The U.S. borates market expanded rapidly to $264M in 2021, picking up by 9.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, and intermediaries' margins, which will be included in the final consumer price).
U.S. Borates Production
Borates production in the United States was estimated at 1.2M tons in 2021, flattening at 2020. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 7% y-o-y. Borates production peaked at 1.2M tons in 2019; afterwards, it flattened through to 2021.
In value terms, borates production shrank slightly to $620M in 2021. Borates production peaked at $798M in 2013; however, from 2014 to 2021, production failed to regain the momentum.
U.S. Borates Exports
In 2021, overseas shipments of borates were finally on the rise to reach 918K tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total exports indicated slight growth from 2007 to 2021: its volume increased at an average annual rate of +1.4% over the last fourteen years.
In value terms, borates exports expanded notably to $515M in 2021. The total export value increased at an average annual rate of +3.7% from 2007 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.
Exports by Country
China (405K tons) was the main destination for borates exports from the United States, accounting for a 44% share of total supplies. Moreover, borates exports to China exceeded the volume sent to the second major destination, South Korea (64K tons), sixfold. The third position in this ranking was occupied by India (60K tons), with a 6.5% share.
In value terms, China ($194M) remains the key foreign market for borates exports from the United States, comprising 38% of total exports. The second position in the ranking was occupied by South Korea ($41M), with an 8% share of total exports. It was followed by Canada, with a 7.4% share.
From 2007 to 2021, the average annual growth rate of value to China totaled +9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+5.0% per year) and Canada (+4.4% per year).
Export Prices by Country
The average borates export price stood at $561 per ton in 2021, picking up by 3.5% against the previous year. There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Canada ($765 per ton), while the average price for exports to Malaysia ($434 per ton) was amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India, while the prices for the other major destinations experienced more modest paces of growth.
U.S. Borates Imports into the U.S.
In 2021, purchases abroad of borates increased by 25% to 356K tons for the first time since 2018, thus ending a two-year declining trend. In general, imports enjoyed a buoyant expansion during 2007-2021.
In value terms, borates imports surged to $155M in 2021. Over the period under review, imports showed a strong increase.
Imports by Country
In 2021, Turkey (311K tons) constituted the largest supplier of borates to the United States, with an 87% share of total imports. Moreover, borates imports from Turkey exceeded the figures recorded by the second-largest supplier, Bolivia (22K tons), more than tenfold.
In value terms, Turkey ($116M) constituted the largest supplier of borates to the United States, comprising 75% of total imports. From 2007 to 2021, the average annual rate of growth in terms of value from Turkey amounted to +11.7%. The second position in the ranking was occupied by Bolivia ($11M), with a 6.9% share of total imports.
Import Prices by Country
The average borates import price stood at $435 per ton in 2021, increasing by 4.8% against the previous year. Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Bolivia ($486 per ton), while the price for Turkey amounted to $373 per ton. From 2007 to 2021, the most notable rate of growth in terms of prices was attained by Bolivia.
This report provides an in-depth analysis of the borates market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20136230 - Borates, peroxoborates (perborates)
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
