Russian Federation: Borates And Perborates Market 2024

Borates And Perborates Market Size in the Russian Federation

The Russian borates and perborates market reduced slightly to $X in 2022, dropping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a noticeable setback. 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 Exports

Exports from the Russian Federation

After three years of growth, overseas shipments of borates, peroxoborates (perborates) decreased by X% to X tons in 2022. Overall, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, borates and perborates exports contracted to $X in 2022. In general, exports, however, saw a significant increase. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Belarus (X tons) was the main destination for borates and perborates exports from Russia, with a X% share of total exports. Moreover, borates and perborates exports to Belarus exceeded the volume sent to the second major destination, Uzbekistan (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Belarus amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and Kazakhstan (X% per year).

In value terms, Belarus ($X) remains the key foreign market for borates, peroxoborates (perborates) exports from Russia, comprising X% of total exports. The second position in the ranking was held by Uzbekistan ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Belarus amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

The average borates and perborates export price stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Belarus ($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 Kazakhstan (X%), while the prices for the other major destinations experienced a decline.

Borates And Perborates Imports

Imports into the Russian Federation

In 2022, the amount of borates, peroxoborates (perborates) imported into Russia contracted slightly to X tons, declining by X% compared with the year before. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, borates and perborates imports shrank slightly to $X in 2022. Over the period under review, imports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) was the main supplier of borates and perborates to Russia, accounting for a X% share of total imports. Moreover, borates and perborates imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

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

In value terms, Turkey ($X) constituted the largest supplier of borates, peroxoborates (perborates) to Russia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with an X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average borates and perborates import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :