Report Update Nov 1, 2024

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

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Belarus: Borates Market 2024

Borates Market Size in Belarus

In 2022, the Belarusian borates market increased by 13% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Borates Exports

Exports from Belarus

For the fourth consecutive year, Belarus recorded decline in overseas shipments of borates, which decreased by -1% to X tons in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 517% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, borates exports declined significantly to $X in 2022. Over the period under review, exports showed a noticeable downturn. The pace of growth was the most pronounced in 2018 when exports increased by 841%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia (X tons), Ukraine (X tons) and Sudan (X tons) were the main destinations of borates exports from Belarus.

From 2012 to 2022, the biggest increases were recorded for Sudan (with a CAGR of +15.1%), while shipments for the other leaders experienced a decline.

In value terms, Sudan ($X), Ukraine ($X) and Russia ($X) were the largest markets for borates exported from Belarus worldwide, with a combined 99.9% share of total exports.

In terms of the main countries of destination, Sudan, with a CAGR of +9.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average borates export price stood at $X per ton in 2022, reducing by -21.2% against the previous year. Overall, the export price saw a pronounced curtailment. The pace of growth appeared the most rapid in 2018 when the average export price increased by 53%. The export price peaked at $X per ton in 2012; however, from 2013 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 Sudan ($X per ton), while the average price for exports to Russia ($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 Russia (-4.1%), while the prices for the other major destinations experienced a decline.

Borates Imports

Imports into Belarus

After three years of decline, purchases abroad of borates increased by 10% to X tons in 2022. The total import volume increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 14% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, borates imports reached $X in 2022. Overall, imports, however, recorded a mild decrease. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Russia (X tons) constituted the largest borates supplier to Belarus, with a 83% share of total imports. Moreover, borates imports from Russia exceeded the figures recorded by the second-largest supplier, Turkey (X tons), eightfold. The third position in this ranking was taken by Poland (X tons), with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia totaled +27.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-17.8% per year) and Poland (+13.1% per year).

In value terms, Russia ($X) constituted the largest supplier of borates to Belarus, comprising 80% of total imports. The second position in the ranking was taken by Turkey ($X), with an 8.2% share of total imports. It was followed by Poland, with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia amounted to +20.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-21.6% per year) and Poland (+15.0% per year).

Import Prices by Country

The average borates import price stood at $X per ton in 2022, increasing by 3.3% against the previous year. Overall, the import price, however, recorded a pronounced shrinkage. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

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. Kazakhstan, India, Brazil, Chile, Germany, Taiwan Chinese) and Malaysia lagged somewhat behind, together comprising 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, together accounting for 72% of global production. China, Bolivia, Chile and Argentina lagged somewhat behind, together comprising a further 24%.

What are the leading suppliers of borates to Belarus?

In value terms, Russia constituted the largest supplier of borates to Belarus, comprising 94% of total imports. The second position in the ranking was occupied by Turkey, with a 5.4% share of total imports.

What are the leading importers of borates from Belarus?

In value terms, Sudan remains the key foreign market for borates exports from Belarus, comprising 61% of total exports. The second position in the ranking was occupied by Russia, with a 29% share of total exports.

What is the average export price for borates in Belarus?

The average borates export price stood at $2,568 per ton in 2021, increasing by 51% against the previous year.

What is the average import price for borates in Belarus?

In 2021, the average borates import price amounted to $598 per ton, surging by 3.2% against the previous year.

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

Belarus

Data coverage:

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