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.

Need Borates Market data? GET FREE ACCESS

Borates - World's Largest Markets

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

Borates - Top Importers

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

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)

Source: IndexBox Market Intelligence Platform