Report Update Nov 1, 2024

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

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Kenya: Borates Market 2024

Borates Market Size in Kenya

After two years of growth, the Kenyan borates market decreased by -25.3% to $X in 2022. Over the period under review, consumption, however, recorded a prominent expansion. Borates consumption peaked at $X in 2021, and then reduced rapidly in the following year.

Borates Exports

Exports from Kenya

In 2022, the amount of borates exported from Kenya shrank rapidly to X tons, dropping by -85.4% on 2021 figures. In general, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2016 when exports increased by 136%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, borates exports shrank sharply to $X in 2022. Over the period under review, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2016 with an increase of 167%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Uganda (X tons), Tanzania (X tons) and Rwanda (X tons) were the main destinations of borates exports from Kenya, with a combined 81% share of total exports. Nigeria and Ethiopia lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +0.6%), while shipments for the other leaders experienced a decline.

In value terms, Uganda ($X), Tanzania ($X) and Rwanda ($X) were the largest markets for borates exported from Kenya worldwide, together comprising 82% of total exports.

In terms of the main countries of destination, Tanzania, with a CAGR of -4.9%, 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, declining by -13.8% against the previous year. Overall, the export price saw a slight slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 34%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($X per ton), while the average price for exports to Nigeria ($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 Tanzania (+6.3%), while the prices for the other major destinations experienced mixed trend patterns.

Borates Imports

Imports into Kenya

In 2022, after two years of growth, there was significant decline in supplies from abroad of borates, when their volume decreased by -27.6% to X tons. Overall, imports, however, recorded notable growth. The most prominent rate of growth was recorded in 2020 with an increase of 77%. Imports peaked at X tons in 2021, and then reduced notably in the following year.

In value terms, borates imports fell significantly to $X in 2022. Over the period under review, imports, however, recorded pronounced growth. The pace of growth was the most pronounced in 2016 when imports increased by 59%. Over the period under review, imports reached the maximum at $X in 2021, and then dropped significantly in the following year.

Imports by Country

In 2022, Turkey (X tons) constituted the largest borates supplier to Kenya, with a 69% share of total imports. Moreover, borates imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), tenfold. India (X tons) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey amounted to +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.4% per year) and India (+3.8% per year).

In value terms, Turkey ($X) constituted the largest supplier of borates to Kenya, comprising 46% of total imports. The second position in the ranking was taken by India ($X), with a 16% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey stood at +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+2.5% per year) and China (+4.4% per year).

Import Prices by Country

In 2022, the average borates import price amounted to $X per ton, reducing by -4.2% against the previous year. Over the period under review, the import price recorded a mild curtailment. The pace of growth appeared the most rapid in 2013 an increase of 36% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 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 India ($X per ton), while the price for Turkey ($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 (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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, with a combined 55% share of global consumption. These countries were followed by Kazakhstan, India, Brazil, Chile, Germany, Taiwan Chinese) and Malaysia, which together accounted for 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 accounting for a further 24%.

What are the leading suppliers of borates to Kenya?

In value terms, Turkey constituted the largest supplier of borates to Kenya, comprising 47% of total imports. The second position in the ranking was occupied by India, with a 21% share of total imports. It was followed by the United States, with an 11% share.

What are the leading importers of borates from Kenya?

In value terms, Tanzania, Ethiopia and Uganda constituted the largest markets for borates exported from Kenya worldwide, with a combined 93% share of total exports.

What is the average export price for borates in Kenya?

The average borates export price stood at $1,851 per ton in 2021, rising by 7.9% against the previous year.

What is the average import price for borates in Kenya?

The average borates import price stood at $944 per ton in 2021, rising by 12% against the previous year.

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

Kenya

Data coverage:

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