Australia: Borates And Perborates Market 2024

Borates And Perborates Market Size in Australia

In 2022, the Australian borates and perborates market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a perceptible decrease. Borates and perborates consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Borates And Perborates Exports

Exports from Australia

After two years of growth, overseas shipments of borates, peroxoborates (perborates) decreased by X% to X tons in 2022. In general, exports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, borates and perborates exports surged to $X in 2022. Overall, exports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

New Zealand (X tons), Belgium (X tons) and the United States (X tons) were the main destinations of borates and perborates exports from Australia, with a combined X% share of total exports. Papua New Guinea, Germany, Ireland, Gabon, Vietnam, Indonesia, South Africa, South Korea, Peru and Singapore lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Gabon (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the United States ($X) and Gabon ($X) appeared to be the largest markets for borates and perborates exported from Australia worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Gabon, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average borates and perborates export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price recorded a strong increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Gabon ($X per ton), while the average price for exports to New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

Borates And Perborates Imports

Imports into Australia

In 2022, after two years of decline, there was significant growth in overseas purchases of borates, peroxoborates (perborates), when their volume increased by X% to X tons. Over the period under review, imports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, borates and perborates imports surged to $X in 2022. In general, imports, however, recorded a mild downturn. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of borates and perborates to Australia, with a X% share of total imports. Moreover, borates and perborates imports from the United States exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was taken by China (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and China (X% per year).

In value terms, the United States ($X) constituted the largest supplier of borates, peroxoborates (perborates) to Australia, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and China (X% per year).

Import Prices by Country

The average borates and perborates import price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the import price posted a buoyant expansion. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

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

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

Source: IndexBox Platform

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