Report Update: May 1, 2024

Canada - Borates - Market Analysis, Forecast, Size, Trends And Insights

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Borates Price in Canada - 2023

Borates Price in Canada (CIF) - 2023

The average borates import price stood at $730 per ton in September 2023, shrinking by -9.2% against the previous month. Over the period under review, the import price showed a slight reduction. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 30% m-o-m. Over the period under review, average import prices attained the peak figure at $832 per ton in September 2022; however, from October 2022 to September 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was Turkey ($929 per ton), while the price for the United States totaled $645 per ton.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Turkey (+1.0%).

Borates Price in Canada (FOB) - 2023

In September 2023, the average borates export price amounted to $799 per ton, increasing by 1.9% against the previous month. Overall, the export price, however, saw a perceptible reduction. The growth pace was the most rapid in April 2023 an increase of 44% month-to-month. Over the period under review, the average export prices attained the peak figure at $1,101 per ton in September 2022; however, from October 2022 to September 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($1,526 per ton), while the average price for exports to Mexico ($612 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to New Caledonia (+0.1%), while the prices for the other major destinations experienced a decline.

Borates Imports in Canada

In 2022, after three years of growth, there was decline in supplies from abroad of borates, when their volume decreased by -1.9% to 80K tons. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +13.4% 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 +45.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. As a result, imports attained the peak of 81K tons, and then fell slightly in the following year.

In value terms, borates imports contracted modestly to $56M in 2022. The total import value increased at an average annual rate of +9.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, imports reached the peak of $58M, and then dropped slightly in the following year.

Import of Borates in Canada (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	23.0	26.3	28.5	29.1	8.2%
Turkey	17.1	16.9	27.0	23.1	10.5%
Others	3.1	2.5	2.4	4.1	9.8%
Total	43.1	45.7	57.9	56.3	9.3%

Top Suppliers of Borates to Canada in 2022:

United States (46.8K tons)
Turkey (30.7K tons)

Borates Exports in Canada

For the fourth year in a row, Canada recorded growth in shipments abroad of borates, which increased by 85% to 8.3K tons in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, borates exports skyrocketed to $6.4M in 2022. In general, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Borates in Canada (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	1,291	790	1,294	2,751	28.7%
Australia	447	800	524	814	22.1%
Netherlands	204	250	367	532	37.6%
South Africa	209	169	233	468	30.8%
China	87.7	195	156	323	54.4%
Indonesia	47.9	56.0	99.0	230	68.7%
Mexico	27.7	23.9	26.6	200	93.3%
New Caledonia	85.1	7.9	94.6	186	29.8%
South Korea	83.2	74.7	66.5	107	8.7%
Turkey	114	74.4	247	96.1	-5.5%
Brazil	65.1	14.1	67.7	88.3	10.7%
United Kingdom	68.0	64.7	74.0	73.5	2.6%
Finland	53.9	44.0	64.2	40.3	-9.2%
Others	491	556	496	515	1.6%
Total	3,274	3,121	3,810	6,424	25.2%

Top Export Markets for Borates from Canada in 2022:

United States (2651.8 tons)
Australia (1247.0 tons)
Netherlands (814.1 tons)
South Africa (715.7 tons)
China (494.8 tons)
Indonesia (351.4 tons)
Mexico (312.9 tons)
New Caledonia (285.5 tons)
South Korea (163.3 tons)
Turkey (147.1 tons)
Brazil (135.3 tons)
United Kingdom (112.3 tons)
Finland (61.8 tons)

Source: IndexBox Market Intelligence Platform

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

Canada

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Canada
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023