Peru: Borates And Perborates Market 2024

Borates And Perborates Market Size in Peru

In 2022, the Peruvian borates and perborates market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, continues to indicate a abrupt decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Borates And Perborates Production in Peru

In value terms, borates and perborates production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X%. Borates and perborates production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Borates And Perborates Exports

Exports from Peru

In 2022, after three years of growth, there was significant decline in overseas shipments of borates, peroxoborates (perborates), when their volume decreased by X% to X tons. Over the period under review, total exports indicated a resilient expansion 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 2012 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at X tons in 2021, and then contracted in the following year.

In value terms, borates and perborates exports surged to $X in 2022. Overall, exports, however, saw a resilient increase. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

South Africa (X tons), Brazil (X tons) and Malaysia (X tons) were the main destinations of borates and perborates exports from Peru, with a combined X% share of total exports. The United States, India, Colombia, the United Arab Emirates, Bolivia, Bangladesh, Belgium, Guatemala, Costa Rica and Pakistan lagged somewhat behind, together comprising a further X%.

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

In value terms, South Africa ($X), Brazil ($X) and the United States ($X) constituted the largest markets for borates and perborates exported from Peru worldwide, with a combined X% share of total exports. India, Colombia, the United Arab Emirates, Guatemala, Bangladesh, Malaysia, Bolivia, Costa Rica, Pakistan and Belgium lagged somewhat behind, together comprising a further X%.

Pakistan, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average borates and perborates export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, export price indicated a resilient 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 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Malaysia ($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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Borates And Perborates Imports

Imports into Peru

In 2022, imports of borates, peroxoborates (perborates) into Peru contracted remarkably to X tons, with a decrease of X% on the previous year's figure. Overall, imports saw a abrupt setback. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, borates and perborates imports dropped remarkably to $X in 2022. In general, imports recorded a pronounced decline. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of borates and perborates to Peru, accounting for a X% share of total imports. Moreover, borates and perborates imports from Turkey exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. Guatemala (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Guatemala (X% per year).

In value terms, Turkey ($X), the United States ($X) and Guatemala ($X) were the largest borates and perborates suppliers to Peru, with a combined X% share of total imports.

Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average borates and perborates import price stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price showed a relatively flat trend pattern. 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 supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Argentina ($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 (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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