Latin America and the Caribbean: Borates And Perborates Market 2024

Borates And Perborates Market Size in Latin America and the Caribbean

For the third year in a row, the Latin American borates and perborates market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Borates And Perborates Production in Latin America and the Caribbean

In value terms, borates and perborates production dropped to $X in 2022 estimated in export price. Overall, production, however, recorded a mild setback. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Borates And Perborates Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of borates, peroxoborates (perborates) decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Total exports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then shrank in the following year.

In value terms, borates and perborates exports amounted to $X in 2022. Over the period under review, exports, however, recorded a moderate expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Guatemala represented the main exporter of borates, peroxoborates (perborates) in Latin America and the Caribbean, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Peru (X tons) and Argentina (X tons), together committing a X% share of total exports. Bolivia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Guatemala (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest borates and perborates supplying countries in Latin America and the Caribbean were Peru ($X), Guatemala ($X) and Argentina ($X), with a combined X% share of total exports.

Guatemala, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Peru ($X per ton), while Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced mixed trends in the export price figures.

Borates And Perborates Imports

Imports in Latin America and the Caribbean

After two years of growth, supplies from abroad of borates, peroxoborates (perborates) decreased by X% to X tons in 2022. Total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then declined in the following year.

In value terms, borates and perborates imports expanded significantly to $X in 2022. Total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2018 when imports increased by X%. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

Brazil (X tons) and Mexico (X tons) represented roughly X% of total imports in 2022. Guatemala (X tons) took the next position in the ranking, distantly followed by Colombia (X tons) and Chile (X tons). All these countries together took approx. X% share of total imports. Honduras (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Guatemala (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported borates, peroxoborates (perborates) in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports. It was followed by Guatemala, with a X% share.

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

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Brazil ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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