China: Borates And Perborates Market 2024

Borates And Perborates Market Size in China

In 2023, after two years of growth, there was decline in the Chinese borates and perborates market, when its value decreased by X% to $X. Overall, the total consumption indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. Borates and perborates consumption peaked at $X in 2022, and then shrank modestly in the following year.

Borates And Perborates Exports

Exports from China

In 2023, exports of borates, peroxoborates (perborates) from China expanded sharply to X tons, picking up by X% on 2022 figures. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2023, the growth of the exports remained at a lower figure.

In value terms, borates and perborates exports fell to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

The United States (X tons) was the main destination for borates and perborates exports from China, with a X% share of total exports. Moreover, borates and perborates exports to the United States exceeded the volume sent to the second major destination, Russia (X tons), twofold. Uzbekistan (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Uzbekistan (X% per year).

In value terms, the United States ($X), Russia ($X) and South Korea ($X) were the largest markets for borates and perborates exported from China worldwide, with a combined X% share of total exports. India, Taiwan (Chinese), Poland, South Africa, Japan, Saudi Arabia, Italy, Uzbekistan, Malaysia and Democratic People's Republic of Korea lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, South Africa, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average borates and perborates export price stood at $X per ton in 2023, waning by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2022 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then shrank in the following year.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (X%), while the prices for the other major destinations experienced more modest paces of growth.

Borates And Perborates Imports

Imports into China

In 2023, imports of borates, peroxoborates (perborates) into China contracted to X tons, reducing by X% against 2022 figures. In general, total imports indicated modest growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports reached the peak of X tons. From 2019 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, borates and perborates imports totaled $X in 2023. Over the period under review, total imports indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in years to come.

Imports by Country

Turkey (X tons) and the United States (X tons) were the main suppliers of borates and perborates imports to China.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%).

In value terms, Turkey ($X) and the United States ($X) constituted the largest borates and perborates suppliers to China.

The United States, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2023, the average borates and perborates import price amounted to $X per ton, surging by X% against the previous year. In general, import price indicated a modest expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, borates and perborates import price increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2015 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2016 to 2023, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Turkey totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%).

Source: IndexBox Platform