Report Update Nov 1, 2024

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

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Venezuela: Borates Market 2024

Borates Market Size in Venezuela

In 2022, after three years of decline, there was significant growth in the Venezuelan borates market, when its value increased by 128% to $X. Overall, consumption, however, saw a deep slump. Borates consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Borates Exports

Exports from Venezuela

In 2016, shipments abroad of borates increased by 69% to X tons for the first time since 2012, thus ending a three-year declining trend. In general, exports, however, faced a significant curtailment. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2016, the exports failed to regain momentum.

In value terms, borates exports soared to $X in 2016. Over the period under review, exports, however, continue to indicate a dramatic slump. The exports peaked at $X in 2012; however, from 2013 to 2016, the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2016, the average annual growth rate of volume to Paraguay totaled +29.6%.

In value terms, Paraguay ($X) also remains the key foreign market for borates exports from Venezuela.

From 2012 to 2016, the average annual rate of growth in terms of value to Paraguay stood at +10.6%.

Export Prices by Country

The average borates export price stood at $X per ton in 2016, with an increase of 43% against the previous year. Over the last four-year period, it increased at an average annual rate of +3.8%. 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 Paraguay.

From 2012 to 2016, the rate of growth in terms of prices for Paraguay amounted to -14.7% per year.

Borates Imports

Imports into Venezuela

In 2022, overseas purchases of borates increased by 96% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, saw a deep slump. The pace of growth appeared the most rapid in 2013 when imports increased by 229% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, borates imports soared to $X in 2022. In general, imports, however, recorded a dramatic contraction. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Panama (X tons), Turkey (X tons) and Colombia (X tons) were the main suppliers of borates imports to Venezuela, with a combined 78% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of +13.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Panama ($X) constituted the largest supplier of borates to Venezuela, comprising 44% of total imports. The second position in the ranking was held by Turkey ($X), with a 15% share of total imports. It was followed by Italy, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value from Panama stood at +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-8.7% per year) and Italy (+12.6% per year).

Import Prices by Country

The average borates import price stood at $X per ton in 2022, surging by 28% against the previous year. In general, the import price, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2019 when the average import price increased by 37% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Bolivia ($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 (+7.9%), 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, with a combined 72% share 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 Venezuela?

In value terms, Panama constituted the largest supplier of borates to Venezuela, comprising 73% of total imports. The second position in the ranking was occupied by Turkey, with a 7.5% share of total imports. It was followed by Canada, with a 3.3% share.

What are the leading importers of borates from Venezuela?

In value terms, Paraguay remains the key foreign market for borates exports from Venezuela.

What is the average export price for borates in Venezuela?

In 2016, the average borates export price amounted to $3,147 per ton, growing by 8.1% against the previous year.

What is the average import price for borates in Venezuela?

In 2021, the average borates import price amounted to $362 per ton, shrinking by -26.2% against the previous year.

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

Venezuela

Data coverage:

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