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Aug 13, 2024

Top Import Markets for Borates

Borates are essential minerals that are used in a variety of industries, such as agriculture, glass manufacturing, and detergents. The global market for borates is constantly growing, with several countries emerging as major importers of this mineral. In this article, we will take a closer look at the world's top import markets for borates, using data from the IndexBox market intelligence platform.

1. China

China is the world's largest importer of borates, with an import value of 855.2 million USD in 2023. The country's demand for borates is driven by its growing industrial sector, particularly in industries such as construction and electronics. China's import of borates is expected to continue to rise in the coming years, making it a key market for borate exporters worldwide.

2. Brazil

Brazil is the second-largest importer of borates, with an import value of 170.5 million USD in 2023. The country's demand for borates is driven by its booming agriculture industry, as borates are used as a fertilizer and soil conditioner. Brazil's import of borates is expected to remain strong in the future, making it an attractive market for borate suppliers.

3. United States

The United States is the third-largest importer of borates, with an import value of 158.4 million USD in 2023. The country's demand for borates is driven by its diverse industrial sector, where borates are used in a wide range of applications. The United Statesimport of borates is expected to grow in the coming years, making it a lucrative market for borate producers.

4. India

India is the fourth-largest importer of borates, with an import value of 150.0 million USD in 2023. The country's demand for borates is driven by its rapidly expanding industrial sector, particularly in industries such as ceramics and glass manufacturing. India's import of borates is expected to increase in the future, presenting opportunities for borate exporters.

5. Netherlands

The Netherlands is the fifth-largest importer of borates, with an import value of 132.3 million USD in 2023. The country's demand for borates is driven by its chemical industry, where borates are used as a catalyst and additive. The Netherlandsimport of borates is expected to continue to grow, making it a key market for borate suppliers.

6. Germany

Germany is the sixth-largest importer of borates, with an import value of 67.1 million USD in 2023. The country's demand for borates is driven by its manufacturing sector, where borates are used in the production of ceramics and detergents. Germany's import of borates is expected to remain steady in the future, offering opportunities for borate exporters.

7. South Korea

South Korea is the seventh-largest importer of borates, with an import value of 66.2 million USD in 2023. The country's demand for borates is driven by its construction industry, where borates are used in the production of building materials. South Korea's import of borates is expected to increase in the coming years, making it a promising market for borate suppliers.

8. Japan

Japan is the eighth-largest importer of borates, with an import value of 63.5 million USD in 2023. The country's demand for borates is driven by its electronics industry, where borates are used in the production of semiconductors. Japan's import of borates is expected to grow in the future, creating opportunities for borate exporters.

9. Canada

Canada is the ninth-largest importer of borates, with an import value of 61.6 million USD in 2023. The country's demand for borates is driven by its mining industry, where borates are used in the extraction of metals. Canada's import of borates is expected to remain stable in the future, making it a reliable market for borate suppliers.

10. Indonesia

Indonesia is the tenth-largest importer of borates, with an import value of 56.0 million USD in 2023. The country's demand for borates is driven by its agriculture industry, where borates are used as a soil conditioner. Indonesia's import of borates is expected to grow in the future, offering opportunities for borate exporters to expand their presence in the market.

Overall, the global market for borates is expected to continue to grow in the coming years, driven by the increasing demand for this versatile mineral across a wide range of industries. As the world's top import markets for borates, countries such as China, Brazil, and the United States present lucrative opportunities for borate suppliers looking to expand their reach and increase their market share.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global borates market. 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:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

  • USA
  • China
  • Japan
  • Germany
  • United Kingdom
  • France
  • Brazil
  • Italy
  • Russian Federation
  • India
  • Canada
  • Australia
  • Republic of Korea
  • Spain
  • Mexico
  • Indonesia
  • Netherlands
  • Turkey
  • Saudi Arabia
  • Switzerland
  • Sweden
  • Nigeria
  • Poland
  • Belgium
  • Argentina
  • Norway
  • Austria
  • Thailand
  • United Arab Emirates
  • Colombia
  • Denmark
  • South Africa
  • Malaysia
  • Israel
  • Singapore
  • Egypt
  • Philippines
  • Finland
  • Chile
  • Ireland
  • Pakistan
  • Greece
  • Portugal
  • Kazakhstan
  • Algeria
  • Czech Republic
  • Qatar
  • Peru
  • Romania
  • Vietnam

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Rio Tinto, American Borate Co., 5E Advanced Materials Inc., Quiborax S.A., Inkabor, Bacanora Minerals Ltd., Borax Argentina, Orocobre Ltd., Etimaden, Erin Ventures Inc., Searles Valley Minerals, SAE Manufacturing Specialties Corp, High Tech Material Solutions, Economy Polymers & Chemicals, Aldon Corporation, Mid South Chemical Co., Barite0, Etimine USA, Boric Acid & Borax, Rose Mill

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND THE AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and its Prospects

    1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    4. PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    5. MARKET FORECAST TO 2035

  4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCTS
    4. MOST TRADED PRODUCTS
    5. MOST PROFITABLE PRODUCTS FOR EXPORTS

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Export

    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    6. Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    7. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    8. Market Volume Forecast to 2035
    9. Market Value Forecast to 2035
    10. Market Size and Growth, By Product
    11. Average Per Capita Consumption, By Product
    12. Exports and Growth, By Product
    13. Export Prices and Growth, By Product
    14. Production Volume and Growth
    15. Exports and Growth
    16. Export Prices and Growth
    17. Market Size and Growth
    18. Per Capita Consumption
    19. Imports and Growth
    20. Import Prices
    21. Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    22. Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    23. Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    24. Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country, 2012–2024
    29. Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    30. Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country, 2012–2024

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