MENA: Borates And Perborates Market 2024

Borates And Perborates Market Size in MENA

The MENA's borates and perborates market amounted to $X in 2022, leveling off at the previous year. In general, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Borates And Perborates Production in MENA

In value terms, borates and perborates production totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Borates And Perborates Exports

Exports in MENA

For the third year in a row, MENA recorded growth in overseas shipments of borates, peroxoborates (perborates), which increased by X% to X tons in 2022. Overall, exports posted a resilient expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, borates and perborates exports skyrocketed to $X in 2022. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

The shipments of the one major exporters of borates, peroxoborates (perborates), namely Turkey, represented more than two-thirds of total export.

Turkey was also the fastest-growing in terms of the borates, peroxoborates (perborates) exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of Turkey increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Turkey, borates and perborates exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, surging by X% against the previous year. Export price indicated a tangible expansion from 2012 to 2022: its price 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, borates and perborates export price increased by X% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

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

Borates And Perborates Imports

Imports in MENA

In 2022, purchases abroad of borates, peroxoborates (perborates) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, borates and perborates imports rose markedly to $X in 2022. Overall, imports continue to indicate a slight reduction. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Iran (X tons) and Egypt (X tons) were the major importers of borates, peroxoborates (perborates) in MENA, together constituting X% of total imports. Kuwait (X tons) ranks next in terms of the total imports with a X% share, followed by the United Arab Emirates (X%), Saudi Arabia (X%) and Morocco (X%). Israel (X tons) followed a long way behind the leaders.

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

In value terms, Iran ($X), the United Arab Emirates ($X) and Egypt ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

In terms of the main importing countries, the United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the import prices remained at a somewhat lower figure.

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 the United Arab Emirates ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform