Borates Market

Borates market: discover the most recent information powered by an Ai-driven BI tool. Facts and figures contain market prices, consumption, trade, market size, production, imports, exports, and companies. Here is a split by region, including the U.K., China, Russia, Africa, Latin America, the Middle East, the U.S., and EU. Market trends and outlook to 2030 are also featured in the dashboards.


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Borates - World's Largest Markets

RatingCountry
1Turkey
2China
3United States
4Kazakhstan
5Chile

In value terms, Turkey led the market, alone. The second position in the ranking was occupied by China. It was followed by the United States.

In Turkey, the borates market decreased by an average annual rate of -16.7% over the period from 2018-2020. The remaining consuming countries recorded the following average annual rates of market growth: China (-9.0% per year) and the United States (+177.6% per year).

Borates Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Bolivia288254250-6.8%
Argentina345349329-2.3%
Turkey599472437-14.6%
Chile496471474-2.2%
Russia5305875643.2%
United States34649358229.7%
Average499493486-1.2%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was the United States ($582 per ton), while Bolivia ($250 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the United States, while the other global leaders experienced mixed trends in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Canada7167907572.8%
South Korea660648650-0.8%
Japan6126196493.0%
Germany621660553-5.6%
Taiwan (Chinese)550547543-0.6%
United States4824635264.5%
Russia515501502-1.3%
China458432438-2.2%
Malaysia4134004241.3%
Poland461422419-4.7%
Spain3703293892.5%
India384373362-2.9%
Brazil336356298-5.8%
Average491473484-0.8%

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($757 per ton), while Brazil ($298 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the United States, while the other global leaders experienced more modest paces of growth.

Borates - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
China0.70.60.5-18.0%
United States0.20.10.1-0.2%
Brazil0.070.070.07-4.2%
Germany0.060.040.06-3.0%
South Korea0.060.050.05-6.1%

In value terms, China ($483M) constitutes the largest market for imported borates worldwide, comprising 31% of global imports. The second position in the ranking was occupied by the United States ($150M), with a 9.8% share of global imports. It was followed by Brazil, with a 4.3% share.

In China, borates imports declined by an average annual rate of -18.0% over the period from 2018-2020. In the other countries, the average annual rates were as follows: the United States (-0.2% per year) and Brazil (-4.2% per year).

Borates - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
Turkey10.90.7-18.3%
United States0.50.50.5-2.8%
Chile0.060.050.06-7.0%
Bolivia0.060.050.05-3.6%
Russia0.050.050.04-11.8%

In value terms, Turkey ($689M), the United States ($476M) and Chile ($55M) constituted the countries with the highest levels of exports in 2020, with a combined 79% share of global exports. These countries were followed by Bolivia, Russia and Argentina, which together accounted for a further 7.7%.

Argentina saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced a decline in the exports figures.

Borates - Market Forecast

Driven by rising demand for borates worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Borates - Product Coverage

  • HS 2528 - Natural borates and concentrates thereof (whether or not calcined), but not including borates separated from natural brine; natural boric acid containing not more than 85 % of H3BO3 calculated on the dry weight
  • HS 2810 - Oxides of boron; boric acids
  • HS 2840 - Borates; peroxoborates (perborates)
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World - Borates - Market Analysis, Forecast, Size, Trends and Insights
$499

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

Eastern Asia - Borates - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the borates market in Eastern Asia.

Australia and Oceania - Borates - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the borates market in Australia and Oceania.

Latin America and the Caribbean - Borates - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the borates market in Latin America and the Caribbean.

Northern America - Borates - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the borates market in Northern America.

Southern Asia - Borates - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the borates market in Southern Asia.

Middle East - Borates - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the borates market in the Middle East.

South-Eastern Asia - Borates - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the borates market in South-Eastern Asia.

Central Asia - Borates - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the borates market in Central Asia.

Africa - Borates - Market Analysis, Forecast, Size, Trends and Insights
$499

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

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