CIS: Borates And Perborates Market 2024

Borates And Perborates Market Size in CIS

The CIS borates and perborates market contracted to $X in 2022, shrinking by X% against the previous year. Overall, consumption continues to indicate a mild descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Borates And Perborates Production in CIS

In value terms, borates and perborates production amounted to $X in 2022 estimated in export price. In general, production showed a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Borates And Perborates Exports

Exports in CIS

In 2022, overseas shipments of borates, peroxoborates (perborates) decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, borates and perborates exports dropped slightly to $X in 2022. In general, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia (X tons) represented roughly X% of total exports in 2022.

Russia was also the fastest-growing in terms of the borates, peroxoborates (perborates) exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest borates and perborates supplier in the CIS.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia stood at X%.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2018 an increase of X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to X% per year.

Borates And Perborates Imports

Imports in CIS

In 2022, approx. X tons of borates, peroxoborates (perborates) were imported in the CIS; declining by X% against 2021 figures. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, borates and perborates imports fell modestly to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia prevails in imports structure, resulting at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Uzbekistan (X tons), generating a X% share of total imports. The following importers - Kazakhstan (X tons) and Belarus (X tons) - together made up X% of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of borates, peroxoborates (perborates). At the same time, Uzbekistan (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Belarus (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uzbekistan increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported borates, peroxoborates (perborates) in the CIS, comprising X% of total imports. The second position in the ranking was held by Uzbekistan ($X), with an X% share of total imports. It was followed by Kazakhstan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia totaled X%. In the other countries, the average annual rates were as follows: Uzbekistan (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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