Bolivia: Borates And Perborates Market 2024

Borates And Perborates Market Size in Bolivia

In 2022, the Bolivian borates and perborates market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption recorded a temperate increase. Borates and perborates consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Borates And Perborates Production in Bolivia

In value terms, borates and perborates production stood at $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X%. Borates and perborates production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Borates And Perborates Exports

Exports from Bolivia

After three years of growth, shipments abroad of borates, peroxoborates (perborates) decreased by X% to X tons in 2022. In general, exports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, borates and perborates exports reduced remarkably to $X in 2022. Over the period under review, exports, however, posted a measured expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked at $X in 2021, and then fell rapidly in the following year.

Exports by Country

Colombia (X tons) was the main destination for borates and perborates exports from Bolivia, accounting for a X% share of total exports. Moreover, borates and perborates exports to Colombia exceeded the volume sent to the second major destination, Malaysia (X tons), threefold. The third position in this ranking was held by the Philippines (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Colombia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and the Philippines (X% per year).

In value terms, Colombia ($X) remains the key foreign market for borates, peroxoborates (perborates) exports from Bolivia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by the Philippines, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Colombia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and the Philippines (X% per year).

Export Prices by Country

The average borates and perborates export price stood at $X per ton in 2022, waning by X% against the previous year. Overall, the export price saw a slight shrinkage. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then shrank dramatically in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to New Zealand ($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 the Philippines (X%), while the prices for the other major destinations experienced a decline.

Borates And Perborates Imports

Imports into Bolivia

Borates and perborates imports into Bolivia soared to X tons in 2022, increasing by X% compared with the previous year's figure. Overall, imports saw a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, borates and perborates imports soared to $X in 2022. In general, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of borates and perborates to Bolivia, with a X% share of total imports. Moreover, borates and perborates imports from Turkey exceeded the figures recorded by the second-largest supplier, Argentina (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Brazil (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of borates, peroxoborates (perborates) to Bolivia, comprising X% of total imports. The second position in the ranking was held by Argentina ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the average borates and perborates import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average 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 Argentina ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform