Global Borates And Perborates Market 2024

Borates And Perborates Market Size

In 2022, the global borates and perborates market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Global consumption peaked in 2022 and is likely to see gradual growth in the near future.

Borates And Perborates Production

In value terms, borates and perborates production reached $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, global production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Borates And Perborates Exports

Exports

After two years of growth, shipments abroad of borates, peroxoborates (perborates) decreased by X% to X tons in 2022. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the global exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, borates and perborates exports totaled $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The United States dominates exports structure, finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Turkey (X tons), making up a X% share of total exports. Poland (X tons), China (X tons), Malaysia (X tons), the Netherlands (X tons) and Guatemala (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to borates and perborates exports from the United States stood at X%. At the same time, Guatemala (X%), Poland (X%), Turkey (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. China experienced a relatively flat trend pattern. By contrast, Malaysia (X%) illustrated a downward trend over the same period. The United States (X p.p.), Turkey (X p.p.), Poland (X p.p.) and Guatemala (X p.p.) significantly strengthened its position in terms of the global exports, while Malaysia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest borates and perborates supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Turkey ($X), with a X% share of global exports. It was followed by China, with a X% share.

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

Export Prices by Country

The average borates and perborates export price stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Poland ($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 other global leaders experienced more modest paces of growth.

Borates And Perborates Imports

Imports

In 2022, the amount of borates, peroxoborates (perborates) imported worldwide reduced to X tons, dropping by X% on the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, borates and perborates imports expanded rapidly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, global imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

China represented the largest importing country with an import of around X tons, which recorded X% of total imports. The United States (X tons) ranks second in terms of the total imports with a X% share, followed by India (X%). Germany (X tons), Canada (X tons), Indonesia (X tons), Poland (X tons), France (X tons), Malaysia (X tons), Spain (X tons), Japan (X tons), South Korea (X tons) and Italy (X tons) followed a long way behind the leaders.

Imports into China increased at an average annual rate of X% from 2012 to 2022. At the same time, Poland (X%), Canada (X%), the United States (X%), South Korea (X%), France (X%), India (X%), Italy (X%) and Japan (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Indonesia experienced a relatively flat trend pattern. By contrast, Germany (X%), Spain (X%) and Malaysia (X%) illustrated a downward trend over the same period. China (X p.p.) and the United States (X p.p.) significantly strengthened its position in terms of the global imports, while Germany, Spain and Malaysia saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported borates, peroxoborates (perborates) worldwide, comprising X% of global imports. The second position in the ranking was held by the United States ($X), with an X% share of global imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%. In the other countries, the average annual rates were as follows: the United States (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average borates and perborates import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while Malaysia ($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 other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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