Germany: Borates Market 2024

Borates Market Size in Germany

In 2022, after two years of growth, there was significant decline in the German borates market, when its value decreased by -14.1% to $X. Overall, consumption showed a slight downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Borates Exports

Exports from Germany

In 2022, approx. X tons of borates were exported from Germany; with a decrease of -57.4% against the previous year. Over the period under review, exports saw a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 414%. As a result, the exports reached the peak of X tons, and then shrank dramatically in the following year.

In value terms, borates exports reduced sharply to $X in 2022. Overall, exports showed a perceptible reduction. The pace of growth was the most pronounced in 2021 when exports increased by 108% against the previous year. As a result, the exports attained the peak of $X, and then reduced markedly in the following year.

Exports by Country

Poland (X tons) was the main destination for borates exports from Germany, accounting for a 53% share of total exports. Moreover, borates exports to Poland exceeded the volume sent to the second major destination, the Netherlands (X tons), fivefold. The third position in this ranking was taken by the Czech Republic (X tons), with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland amounted to +41.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+18.1% per year) and the Czech Republic (-22.0% per year).

In value terms, Poland ($X) remains the key foreign market for borates exports from Germany, comprising 18% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an 8.9% share of total exports. It was followed by France, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value to Poland amounted to +23.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+6.2% per year) and France (-2.8% per year).

Export Prices by Country

In 2022, the average borates export price amounted to $X per ton, with an increase of 59% against the previous year. In general, the export price showed a pronounced expansion. The pace of growth appeared the most rapid in 2015 an increase of 61%. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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 Switzerland ($X per ton), while the average price for exports to Malaysia ($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 Switzerland (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.

Borates Imports

Imports into Germany

In 2022, after three years of growth, there was significant decline in supplies from abroad of borates, when their volume decreased by -28.9% to X tons. In general, imports continue to indicate a slight descent. The pace of growth appeared the most rapid in 2021 with an increase of 42% against the previous year. As a result, imports reached the peak of X tons, and then shrank dramatically in the following year.

In value terms, borates imports shrank notably to $X in 2022. Overall, imports recorded a noticeable slump. The pace of growth was the most pronounced in 2021 with an increase of 35% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest borates supplier to Germany, accounting for a 76% share of total imports. Moreover, borates imports from Turkey exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold. The third position in this ranking was taken by Finland (X tons), with a 2.8% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey totaled +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-12.5% per year) and Finland (+135.3% per year).

In value terms, Turkey ($X) constituted the largest supplier of borates to Germany, comprising 57% of total imports. The second position in the ranking was held by the United States ($X), with a 22% share of total imports. It was followed by Russia, with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey amounted to +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-8.0% per year) and Russia (-7.4% per year).

Import Prices by Country

In 2022, the average borates import price amounted to $X per ton, growing by 15% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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