Report Update Nov 1, 2024

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

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Philippines: Borates Market 2024

Borates Market Size in the Philippines

In 2022, the Philippine borates market increased by 39% to $X, rising for the second year in a row after two years of decline. Overall, consumption saw a remarkable increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Borates Exports

Exports from the Philippines

In 2022, borates exports from the Philippines totaled X tons, almost unchanged from 2021 figures. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 651% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, borates exports totaled $X in 2022. In general, exports recorded a deep slump. The most prominent rate of growth was recorded in 2014 when exports increased by 643%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for borates exports from the Philippines, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Japan was relatively modest.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan was relatively modest.

Export Prices by Country

The average borates export price stood at $X per ton in 2022, remaining constant against the previous year. Over the period under review, the export price saw a deep contraction. The pace of growth was the most pronounced in 2013 an increase of 27% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Micronesia amounted to +27.5% per year.

Borates Imports

Imports into the Philippines

In 2022, purchases abroad of borates was finally on the rise to reach X tons after two years of decline. In general, imports posted a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, borates imports soared to $X in 2022. Overall, imports showed a buoyant increase. The growth pace was the most rapid in 2017 when imports increased by 64% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Turkey (X tons) constituted the largest borates supplier to the Philippines, accounting for a 56% share of total imports. Moreover, borates imports from Turkey exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was held by Malaysia (X tons), with a 7% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey totaled +54.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.3% per year) and Malaysia (+5.9% per year).

In value terms, Turkey ($X) constituted the largest supplier of borates to the Philippines, comprising 48% of total imports. The second position in the ranking was held by the United States ($X), with a 20% share of total imports. It was followed by Malaysia, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey amounted to +59.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.5% per year) and Malaysia (+10.7% per year).

Import Prices by Country

The average borates import price stood at $X per ton in 2022, dropping by -20.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2021 when the average import price increased by 38%. As a result, import price reached the peak level of $X per ton, and then declined significantly in the following year.

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 Peru ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bolivia (+13.5%), 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, together comprising 55% 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 the Philippines?

In value terms, the largest borates suppliers to the Philippines were Taiwan Chinese), China and Turkey, with a combined 69% share of total imports.

What are the leading importers of borates from the Philippines?

In value terms, Vietnam, Spain and Palau appeared to be the largest markets for borates exported from the Philippines worldwide.

What is the average export price for borates in the Philippines?

The average borates export price stood at $2,983 per ton in 2017, approximately equating the previous year.

What is the average import price for borates in the Philippines?

The average borates import price stood at $859 per ton in 2021, rising by 24% against the previous year.

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

Philippines

Data coverage:

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