Report Update Nov 1, 2024

Saudi Arabia - Borates - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Borates Market 2024

Borates Market Size in Saudi Arabia

In 2022, after three years of decline, there was growth in the Saudi borates market, when its value increased by 2.1% to $X. In general, consumption recorded a noticeable downturn. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Borates Production in Saudi Arabia

In value terms, borates production expanded modestly to $X in 2022 estimated in export price. In general, production showed a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of 12%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Borates Exports

Exports from Saudi Arabia

After two years of growth, shipments abroad of borates decreased by -4.9% to X tons in 2022. Over the period under review, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by 169% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, borates exports amounted to $X in 2022. Overall, exports showed a perceptible contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 161% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

South Korea (X tons) was the main destination for borates exports from Saudi Arabia, accounting for a approx. 100% share of total exports.

From 2017 to 2022, the average annual rate of growth in terms of volume to South Korea was relatively modest.

In value terms, South Korea ($X) emerged as the key foreign market for borates exports from Saudi Arabia.

From 2017 to 2022, the average annual growth rate of value to South Korea was relatively modest.

Export Prices by Country

In 2022, the average borates export price amounted to $X per ton, rising by 5.7% against the previous year. Over the period under review, the export price, however, recorded a noticeable descent. The growth pace was the most rapid in 2018 when the average export price increased by 48% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 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 South Korea.

From 2017 to 2022, the rate of growth in terms of prices for Bahrain amounted to +11.0% per year.

Borates Imports

Imports into Saudi Arabia

In 2017, imports of borates into Saudi Arabia shrank remarkably to X tons, dropping by -23.1% against 2016. Over the period under review, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 9.4%. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2017, imports remained at a lower figure.

In value terms, borates imports declined markedly to $X in 2017. Overall, imports faced a deep reduction. The most prominent rate of growth was recorded in 2016 when imports increased by 7.4% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2017, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons) and Turkey (X tons) were the main suppliers of borates imports to Saudi Arabia.

From 2012 to 2017, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of -5.5%).

In value terms, the United States ($X) and Turkey ($X) appeared to be the largest borates suppliers to Saudi Arabia.

In terms of the main suppliers, Turkey, with a CAGR of -2.5%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2017, the average borates import price amounted to $X per ton, reducing by -5.2% against the previous year. Overall, the import price showed a deep contraction. The most prominent rate of growth was recorded in 2013 a decrease of -1.8%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2017, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2017, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for the United States amounted to $X per ton.

From 2012 to 2017, the most notable rate of growth in terms of prices was attained by Austria (+5.4%), 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 accounting for 55% of global consumption. Kazakhstan, India, Brazil, Chile, Germany, Taiwan Chinese) and Malaysia lagged somewhat behind, together accounting 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 comprising 72% of global production. These countries were followed by China, Bolivia, Chile and Argentina, which together accounted for a further 24%.

What are the leading suppliers of borates to Saudi Arabia?

In value terms, the largest borates suppliers to Saudi Arabia were Peru, the United States and Slovenia, with a combined 49% share of total imports. These countries were followed by Turkey, the Netherlands, China, Austria and India, which together accounted for a further 38%.

What are the leading importers of borates from Saudi Arabia?

In value terms, the largest markets for borates exported from Saudi Arabia were Bahrain and Kuwait.

What is the average export price for borates in Saudi Arabia?

The average borates export price stood at $1,435 per ton in 2021, surging by 3.3% against the previous year.

What is the average import price for borates in Saudi Arabia?

In 2021, the average borates import price amounted to $738 per ton, increasing by 2.9% against the previous year.

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

Saudi Arabia

Data coverage:

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