China - Borates, Peroxoborates (Perborates) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBorates and Perborates Price in China - 2023
Contents:
- Borates and Perborates Price in China (CIF) - 2023
- Borates and Perborates Price in China (FOB) - 2022
- Borates and Perborates Imports in China
- Borates and Perborates Exports in China
Borates and Perborates Price in China (CIF) - 2023
In June 2023, the average borates and perborates import price amounted to $642 per ton, surging by 4.6% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 23% month-to-month. The import price peaked at $721 per ton in November 2022; however, from December 2022 to June 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($654 per ton), while the price for Turkey totaled $632 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+2.0%).
Borates and Perborates Price in China (FOB) - 2022
In 2022, the average borates and perborates export price amounted to $1,931 per ton, jumping by 37% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. 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 destination: amid the top suppliers, the country with the highest price was Italy ($2,765 per ton), while the average price for exports to Uzbekistan ($588 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.
Borates and Perborates Imports in China
In 2022, approx. 787K tons of borates, peroxoborates (perborates) were imported into China; waning by -3% against 2021 figures. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +5.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.1% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 49%. As a result, imports reached the peak of 811K tons, and then reduced slightly in the following year.
In value terms, borates and perborates imports surged to $473M in 2022. In general, imports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 48%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Borates and Perborates in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 159 | 97.2 | 227 | 322 | 26.5% |
| United States | 126 | 130 | 112 | 147 | 5.3% |
| Others | 3.4 | 3.3 | 3.6 | 4.9 | 13.0% |
| Total | 289 | 231 | 342 | 473 | 17.8% |
Top Suppliers of Borates and Perborates to China in 2022:
- Turkey (518.0K tons)
- United States (266.8K tons)
Borates and Perborates Exports in China
In 2022, the amount of borates, peroxoborates (perborates) exported from China declined to 20K tons, which is down by -12.8% on 2021. Overall, exports showed a perceptible decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 15% against the previous year. As a result, the exports reached the peak of 23K tons, and then fell in the following year.
In value terms, borates and perborates exports skyrocketed to $38M in 2022. The total export value increased at an average annual rate of +10.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Borates and Perborates in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 1.7 | 1.6 | 2.0 | 5.1 | 44.2% |
| United States | 4.3 | 1.5 | 1.6 | 3.9 | -3.2% |
| Japan | 1.1 | 1.2 | 3.8 | 3.3 | 44.2% |
| South Korea | 2.0 | 2.9 | 4.1 | 2.5 | 7.7% |
| Brazil | 1.2 | 4.2 | 0.3 | 1.6 | 10.1% |
| Italy | 1.4 | 1.0 | 1.0 | 1.5 | 2.3% |
| India | 2.3 | 2.0 | 1.7 | 1.2 | -19.5% |
| Uzbekistan | 0.7 | 0.7 | 0.4 | 1.0 | 12.6% |
| Iran | 0.7 | 0.6 | 0.1 | 0.8 | 4.6% |
| Malaysia | 0.5 | 0.4 | 0.6 | 0.7 | 11.9% |
| Indonesia | 0.4 | 0.5 | 0.5 | 0.6 | 14.5% |
| Saudi Arabia | 0.3 | 0.1 | 0.2 | 0.5 | 18.6% |
| Vietnam | 0.2 | 0.4 | 0.7 | 0.5 | 35.7% |
| Others | 12.1 | 10.3 | 15.2 | 15.1 | 7.7% |
| Total | 28.8 | 27.4 | 32.1 | 38.3 | 10.0% |
Top Export Markets for Borates and Perborates from China in 2022:
- Japan (1.9K tons)
- Russia (1.9K tons)
- Uzbekistan (1.7K tons)
- United States (1.6K tons)
- South Korea (1.0K tons)
- India (0.8K tons)
- Vietnam (0.7K tons)
- Iran (0.7K tons)
- Brazil (0.6K tons)
- Indonesia (0.6K tons)
- Malaysia (0.6K tons)
- Saudi Arabia (0.5K tons)
- Italy (0.5K tons)
This report provides an in-depth analysis of the borates and perborates market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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