U.S. - Borates - Market Analysis, Forecast, Size, Trends And Insights
Latest Report Update: Apr 19, 2022

U.S. - Borates - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Apr 19, 2022

U.S. Borates Exports Modestly Rise with Increasing Demand from China

IndexBox has just published a new report: 'U.S. - Borates - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The U.S. borates market expanded rapidly to $264M in 2021, picking up by 9.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, and intermediaries' margins, which will be included in the final consumer price).

U.S. Borates Production

Borates production in the United States was estimated at 1.2M tonnes in 2021, flattening at 2020. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 7% y-o-y. Borates production peaked at 1.2M tonnes in 2019; afterwards, it flattened through to 2021.

In value terms, borates production shrank slightly to $620M in 2021. Borates production peaked at $798M in 2013; however, from 2014 to 2021, production failed to regain the momentum.

U.S. Borates Exports

In 2021, overseas shipments of borates were finally on the rise to reach 918K tonnes for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total exports indicated slight growth from 2007 to 2021: its volume increased at an average annual rate of +1.4% over the last fourteen years.

In value terms, borates exports expanded notably to $515M in 2021. The total export value increased at an average annual rate of +3.7% from 2007 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.

Exports by Country

China (405K tonnes) was the main destination for borates exports from the United States, accounting for a 44% share of total supplies. Moreover, borates exports to China exceeded the volume sent to the second major destination, South Korea (64K tonnes), sixfold. The third position in this ranking was occupied by India (60K tonnes), with a 6.5% share.

In value terms, China ($194M) remains the key foreign market for borates exports from the United States, comprising 38% of total exports. The second position in the ranking was occupied by South Korea ($41M), with an 8% share of total exports. It was followed by Canada, with a 7.4% share.

From 2007 to 2021, the average annual growth rate of value to China totaled +9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+5.0% per year) and Canada (+4.4% per year).

Export Prices by Country

The average borates export price stood at $561 per tonne in 2021, picking up by 3.5% against the previous year. There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Canada ($765 per tonne), while the average price for exports to Malaysia ($434 per tonne) was amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India, while the prices for the other major destinations experienced more modest paces of growth.

U.S. Borates Imports into the U.S.

In 2021, purchases abroad of borates increased by 25% to 356K tonnes for the first time since 2018, thus ending a two-year declining trend. In general, imports enjoyed a buoyant expansion during 2007-2021.

In value terms, borates imports surged to $155M in 2021. Over the period under review, imports showed a strong increase.

Imports by Country

In 2021, Turkey (311K tonnes) constituted the largest supplier of borates to the United States, with an 87% share of total imports. Moreover, borates imports from Turkey exceeded the figures recorded by the second-largest supplier, Bolivia (22K tonnes), more than tenfold.

In value terms, Turkey ($116M) constituted the largest supplier of borates to the United States, comprising 75% of total imports. From 2007 to 2021, the average annual rate of growth in terms of value from Turkey amounted to +11.7%. The second position in the ranking was occupied by Bolivia ($11M), with a 6.9% share of total imports.

Import Prices by Country

The average borates import price stood at $435 per tonne in 2021, increasing by 4.8% against the previous year. Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Bolivia ($486 per tonne), while the price for Turkey amounted to $373 per tonne. From 2007 to 2021, the most notable rate of growth in terms of prices was attained by Bolivia.

Source: IndexBox Platform

This report provides an in-depth analysis of the borates market in the U.S.. 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 2025.


Product coverage:
• Prodcom 20136230 - Borates, peroxoborates (perborates)
Country coverage:
• United States

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2007–2021
Table 3:
Market Value, 2007–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2007–2021
Table 6:
Imports, In Value Terms, By Country, 2007–2021
Table 7:
Import Prices, By Country Of Origin, 2007–2021
Table 8:
Exports, In Physical Terms, By Country, 2007–2021
Table 9:
Exports, In Value Terms, By Country, 2007–2021
Table 10:
Export Prices, By Country Of Destination, 2007–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2021
Figure 2:
Market Value, 2007–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2021
Figure 21:
Production, In Value Terms, 2007–2021
Figure 22:
Imports, In Physical Terms, 2007–2021
Figure 23:
Imports, In Value Terms, 2007–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2007–2021
Figure 26:
Imports, In Value Terms, By Country, 2007–2021
Figure 27:
Import Prices, By Country Of Origin, 2007–2021
Figure 28:
Exports, In Physical Terms, 2007–2021
Figure 29:
Exports, In Value Terms, 2007–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2007–2021
Figure 32:
Exports, In Value Terms, By Country, 2007–2021
Figure 33:
Export Prices, By Country Of Destination, 2007–2021
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