Report Update Nov 1, 2024

Argentina - Borates - Market Analysis, Forecast, Size, Trends and Insights

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Argentina: Borates Market 2024

Borates Market Size in Argentina

In 2022, the Argentinian borates market was finally on the rise to reach $X for the first time since 2012, thus ending a nine-year declining trend. In general, consumption, however, recorded a significant decrease. Borates consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Borates Production in Argentina

In value terms, borates production shrank to $X in 2022 estimated in export price. In general, production saw a sharp curtailment. The pace of growth appeared the most rapid in 2021 when the production volume increased by 3% against the previous year. Borates production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Borates Exports

Exports from Argentina

After three years of growth, overseas shipments of borates decreased by -15.2% to X tons in 2022. Over the period under review, exports recorded a noticeable curtailment. The pace of growth was the most pronounced in 2021 with an increase of 17% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, borates exports soared to $X in 2022. In general, exports showed a perceptible slump. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil (X tons) was the main destination for borates exports from Argentina, accounting for a 94% share of total exports. It was followed by New Zealand (X tons), with a 2.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil was relatively modest.

In value terms, Brazil ($X) remains the key foreign market for borates exports from Argentina, comprising 92% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 2.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil was relatively modest.

Export Prices by Country

In 2022, the average borates export price amounted to $X per ton, growing by 48% against the previous year. In general, the export price, however, saw a mild curtailment. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to New Zealand totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+1.0%), while the prices for the other major destinations experienced a decline.

Borates Imports

Imports into Argentina

In 2022, borates imports into Argentina contracted remarkably to X tons, declining by -22.1% against the year before. In general, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2015 when imports increased by 137%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, borates imports contracted rapidly to $X in 2022. Over the period under review, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.4% 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 +51.3% against 2017 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 63% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then shrank significantly in the following year.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of borates to Argentina, accounting for a 42% share of total imports. Moreover, borates imports from Turkey exceeded the figures recorded by the second-largest supplier, Bolivia (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey amounted to -5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Bolivia (+8.2% per year) and the United States (+2.4% per year).

In value terms, the largest borates suppliers to Argentina were Bolivia ($X), Turkey ($X) and China ($X), together comprising 85% of total imports.

Bolivia, with a CAGR of +14.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average borates import price stood at $X per ton in 2022, increasing by 3.2% against the previous year. Over the period under review, the import price posted a strong expansion. The growth pace was the most rapid in 2019 an increase of 93% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bolivia ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for borates in the world?

The countries with the highest volumes of in 2021 were China, Turkey and the United States, together accounting for 55% of global consumption. These countries were followed by Kazakhstan, India, Brazil, Chile, Germany, Taiwan Chinese) and Malaysia, which together accounted for a further 26%.

What are the largest producers of borates in the world?

The countries with the highest volumes of in 2021 were Turkey, the United States and Kazakhstan, with a combined 72% share of global production. These countries were followed by China, Bolivia, Chile and Argentina, which together accounted for a further 24%.

What are the leading suppliers of borates to Argentina?

In value terms, the largest borates suppliers to Argentina were Chile, Bolivia and China, with a combined 81% share of total imports.

What are the leading importers of borates from Argentina?

In value terms, Brazil remains the key foreign market for borates exports from Argentina, comprising 62% of total exports. The second position in the ranking was occupied by the United States, with a 6.4% share of total exports. It was followed by China, with a 5.2% share.

What is the average export price for borates in Argentina?

The average borates export price stood at $357 per ton in 2021, declining by -1.8% against the previous year.

What is the average import price for borates in Argentina?

The average borates import price stood at $1,370 per ton in 2021, waning by -7.5% against the previous year.

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

Argentina

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Argentina
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023