Report Update Nov 1, 2024

Venezuela - Oxides of Boron and Boric Acids - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Market for Oxides Of Boron and Boric Acids 2024

Market Size for Oxides Of Boron and Boric Acids in Venezuela

The Venezuelan market for oxides of boron and boric acids surged to $X in 2021, rising by 19% 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, however, recorded a sharp contraction. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Exports of Oxides Of Boron and Boric Acids

Exports from Venezuela

In 2014, boron oxide and boric acid exports from Venezuela contracted dramatically to X tons, reducing by -15.5% on 2013. In general, exports saw a abrupt shrinkage. The exports peaked at X tons in 2013, and then shrank rapidly in the following year.

In value terms, boron oxide and boric acid exports reduced markedly to $X in 2014. Overall, exports recorded a sharp contraction. The exports peaked at $X in 2013, and then reduced remarkably in the following year.

Exports by Country

Colombia (X tons) was the main destination for boron oxide and boric acid exports from Venezuela, with a approx. 100% share of total exports.

From 2013 to 2014, the average annual growth rate of volume to Colombia was relatively modest.

In value terms, Colombia ($X) emerged as the key foreign market for oxides of boron and boric acids exports from Venezuela.

From 2013 to 2014, the average annual rate of growth in terms of value to Colombia was relatively modest.

Export Prices by Country

The average export price for oxides of boron and boric acids stood at $X per ton in 2014, reducing by -10.1% against the previous year. Over the period under review, the export price continues to indicate a deep reduction. The export price peaked at $X per ton in 2013, and then shrank in the following year.

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

From 2013 to 2014, the rate of growth in terms of prices for Colombia amounted to 0.0% per year.

Imports of Oxides Of Boron and Boric Acids

Imports into Venezuela

In 2021, the amount of oxides of boron and boric acids imported into Venezuela soared to X tons, rising by 15% against the year before. Over the period under review, imports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 361%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, boron oxide and boric acid imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 120% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest boron oxide and boric acid supplier to Venezuela, accounting for a 66% share of total imports. Moreover, boron oxide and boric acid imports from Turkey exceeded the figures recorded by the second-largest supplier, Panama (X tons), fourfold. The third position in this ranking was held by Peru (X tons), with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey stood at +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (+13.7% per year) and Peru (-15.5% per year).

In value terms, the largest boron oxide and boric acid suppliers to Venezuela were Panama ($X), Turkey ($X) and Germany ($X), together accounting for 87% of total imports.

Among the main suppliers, Germany, with a CAGR of +38.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for oxides of boron and boric acids stood at $X per ton in 2021, growing by 9.5% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt contraction. The growth pace was the most rapid in 2015 when the average import price increased by 31%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for oxides of boron and boric acids in the world?

The countries with the highest volumes of in 2021 were Turkey, China and the United States, together comprising 57% of global consumption.

What are the largest producers of oxides of boron and boric acids in the world?

The countries with the highest volumes of in 2021 were Turkey, the United States and Chile, with a combined 77% share of global production. Russia, Argentina, Peru and Luxembourg lagged somewhat behind, together accounting for a further 20%.

What are the leading suppliers of oxides of boron and boric acids to Venezuela?

In value terms, Panama constituted the largest supplier of boron oxide and boric acid to Venezuela, comprising 82% of total imports. The second position in the ranking was occupied by Turkey, with a 7.4% share of total imports. It was followed by Chile, with a 1.6% share.

What is the average export price for oxides of boron and boric acids in Venezuela?

The average export price for oxides of boron and boric acids stood at $1,280 per ton in 2014, falling by -17.4% against the previous year.

What is the average import price for oxides of boron and boric acids in Venezuela?

The average import price for oxides of boron and boric acids stood at $249 per ton in 2021, falling by -6.7% against the previous year.

This report provides an in-depth analysis of the market for boron oxide and boric acid 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 20132462 -
Prodcom 20132465 -

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