Report Update: May 1, 2024

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

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Borates Price in Uzbekistan - 2023

Borates Price in Uzbekistan (CIF) - 2023

In May 2023, the average borates import price amounted to $1,154 per ton, waning by -39.5% against the previous month. Overall, import price indicated temperate growth from May 2022 to May 2023: its price increased at an average monthly rate of +3.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, borates import price decreased by -39.5% against April 2023 indices. The pace of growth appeared the most rapid in December 2022 an increase of 61% m-o-m. The import price peaked at $1,909 per ton in April 2023, and then contracted remarkably in the following month.

Average prices varied somewhat amongst the major supplying countries. In May 2023, the country with the highest price was Russia ($1,398 per ton), while the price for China ($1,005 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Russia (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Borates Price in Uzbekistan (FOB) - 2022

The average borates export price stood at $1,843 per ton in 2022, jumping by 149% against the previous year. In general, the export price recorded a perceptible increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Afghanistan.

From 2020 to 2022, the rate of growth in terms of prices for Tajikistan amounted to -36.8% per year.

Borates Imports in Uzbekistan

Borates imports into Uzbekistan expanded rapidly to 3.4K tons in 2022, increasing by 10% on the year before. In general, imports posted a resilient increase. The growth pace was the most rapid in 2021 with an increase of 138% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, borates imports surged to $3.6M in 2022. Over the period under review, imports saw a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 78%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Import of Borates in Uzbekistan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	631	760	1,380	1,658	38.0%
Russia	584	494	927	1,167	26.0%
Turkey	22.0	10.3	12.0	657	210.3%
Poland	3.3	3.2	3.9	61.6	165.3%
United Kingdom	530	N/A	N/A	N/A	0%
Others	242	80.8	77.9	64.7	-35.6%
Total	2,012	1,348	2,401	3,608	21.5%

Top Suppliers of Borates to Uzbekistan in 2022:

China (1634.9 tons)
Russia (1083.9 tons)
Turkey (579.0 tons)
Poland (61.2 tons)

Borates Exports in Uzbekistan

In 2022, shipments abroad of borates decreased by -68.1% to 400 kg for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports faced a dramatic decline. The pace of growth was the most pronounced in 2021 with an increase of 55%. As a result, the exports reached the peak of 1.3 tons, and then reduced markedly in the following year.

In value terms, borates exports dropped significantly to $737 in 2022. In general, exports showed a sharp curtailment.

Export of Borates in Uzbekistan (USD)
COUNTRY	2020	2021	2022	CAGR, 2020-2022
Afghanistan	N/A	N/A	737	0%
Tajikistan	359	625	N/A	74.1%
Kazakhstan	N/A	303	N/A	0%
Turkmenistan	1,025	N/A	N/A	0%
Others	N/A	N/A	N/A	0%
Total	1,384	928	737	-27.0%

Top Export Markets for Borates from Uzbekistan in 2022:

Afghanistan (400.0 kg)

Source: IndexBox Market Intelligence Platform

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

Uzbekistan

Data coverage:

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