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World - Borates - Market Analysis, Forecast, Size, Trends And Insights
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Global Borates Market Overview 2020

Borates Market Size

In 2019, the global borates market increased by X% to $X, rising for the second consecutive year after three years of decline. The market value increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Borates Production

In value terms, borates production contracted to $X in 2019 estimated in export prices. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the production volume increased by X% y-o-y. Over the period under review, global production attained the maximum level at $X in 2013; however, from 2014 to 2019, production stood at a somewhat lower figure.

Production By Country

Turkey (X tonnes) remains the largest borates producing country worldwide, comprising approx. X% of total volume. Moreover, borates production in Turkey exceeded the figures recorded by the second-largest producer, the U.S. (X tonnes), threefold. Bolivia (X tonnes) ranked third in terms of total production with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume in Turkey amounted to +X%. In the other countries, the average annual rates were as follows: the U.S. (+X% per year) and Bolivia (+X% per year).

Borates Exports

Exports

In 2019, after two years of growth, there was significant decline in shipments abroad of borates, when their volume decreased by -X% to X tonnes. Over the period under review, exports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Over the period under review, global exports reached the maximum at X tonnes in 2018, and then shrank remarkably in the following year.

In value terms, borates exports shrank remarkably to $X in 2019. Overall, exports saw a slight decline. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Global exports peaked at $X in 2013; however, from 2014 to 2019, exports failed to regain the momentum.

Exports by Country

In 2019, the U.S. (X tonnes) and Turkey (X tonnes) were the major exporters of boratesacross the globe, together finishing at near X% of total exports. It was distantly followed by Bolivia (X tonnes), committing a X% share of total exports. Chile (X tonnes), Russia (X tonnes), Argentina (X tonnes), Austria (X tonnes) and Peru (X tonnes) followed a long way behind the leaders.

From 2007 to 2019, the biggest increases were in Bolivia, while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) emerged as the largest borates supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of global exports. It was followed by Bolivia, with a X% share.

In the U.S., borates exports increased at an average annual rate of +X% over the period from 2007-2019. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (-X% per year) and Bolivia (+X% per year).

Export Prices by Country

In 2019, the average borates export price amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 an increase of X% against the previous year. Global export price peaked at $X per tonne in 2013; however, from 2014 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Peru ($X per tonne), while Bolivia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Peru, while the other global leaders experienced more modest paces of growth.

Borates Imports

Imports

In 2019, overseas purchases of borates increased by X% to X tonnes, rising for the second year in a row after three years of decline. The total import volume increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, global imports attained the maximum in 2019 and are likely to see gradual growth in the immediate term.

In value terms, borates imports amounted to $X in 2019. The total import value increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, global imports hit record highs at $X in 2011; however, from 2012 to 2019, imports failed to regain the momentum.

Imports by Country

China was the key importing country with an import of about X tonnes, which resulted at X% of total imports. The U.S. (X tonnes) occupied a X% share (based on tonnes) of total imports, which put it in second place, followed by Brazil (X%) and India (X%). Spain (X tonnes), Malaysia (X tonnes), Germany (X tonnes), Taiwan, Chinese (X tonnes), South Korea (X tonnes), Japan (X tonnes), Russia (X tonnes) and Poland (X tonnes) occupied a little share of total imports.

Imports into China increased at an average annual rate of +X% from 2007 to 2019. At the same time, the U.S. (+X%), Poland (+X%), India (+X%), Russia (+X%), Malaysia (+X%), South Korea (+X%) and Brazil (+X%) displayed positive paces of growth. Moreover, the U.S. emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2019. Taiwan, Chinese and Spain experienced a relatively flat trend pattern. By contrast, Germany (-X%) and Japan (-X%) illustrated a downward trend over the same period. China (+X p.p.), the U.S. (+X p.p.) and India (+X p.p.) significantly strengthened its position in terms of the global imports, while Japan and Germany saw its share reduced by -X% and -X% from 2007 to 2019, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported borates worldwide, comprising X% of global imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global imports. It was followed by India, with a X% share.

From 2007 to 2019, the average annual growth rate of value in China stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and India (+X% per year).

Import Prices by Country

In 2019, the average borates import price amounted to $X per tonne, therefore, remained relatively stable against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the average import price increased by X% year-to-year. Global import price peaked at $X per tonne in 2012; however, from 2013 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per tonne), while Spain ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Brazil, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for borates in the world?
+
The countries with the highest volumes of borates consumption in 2019 were Turkey (1.8M tonnes), China (1.7M tonnes) and Brazil (225K tonnes), together comprising 67% of global consumption. India, the U.S., Spain, Germany, Taiwan, Chinese, South Korea, Argentina and Japan lagged somewhat behind, together accounting for a further 16%.
What are the largest producers of borates in the world?
+
Turkey (2.5M tonnes) constituted the country with the largest volume of borates production, comprising approx. 61% of total volume. Moreover, borates production in Turkey exceeded the figures recorded by the second-largest producer, the U.S. (883K tonnes), threefold. The third position in this ranking was occupied by Bolivia (270K tonnes), with a 6.6% share.
What are the leading suppliers of borates in the world?
+
In value terms, the U.S. ($467M) emerged as the largest borates supplier worldwide, comprising 40% of global exports. The second position in the ranking was occupied by Turkey ($228M), with a 20% share of global exports. It was followed by Bolivia, with a 4.8% share.
What are the leading importers of borates in the world?
+
In value terms, China ($792M) constitutes the largest market for imported borates worldwide, comprising 39% of global imports. The second position in the ranking was occupied by the U.S. ($138M), with a 6.9% share of global imports. It was followed by India, with a 4.2% share.
What is the average export price for borates in the world?
+
In 2019, the average borates export price amounted to $455 per tonne, with a decrease of -5% against the previous year.
What is the average import price for borates in the world?
+
In 2019, the average borates import price amounted to $500 per tonne, approximately equating the previous year.

Product coverage:

This report provides an in-depth analysis of the global borates market. 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 2025.



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Physical Terms, By Country, 2007–2019
Table 7:
Imports, In Value Terms, By Country, 2007–2019
Table 8:
Import Prices, By Country Of Destination, 2007–2019
Table 9:
Exports, In Physical Terms, By Country, 2007–2019
Table 10:
Exports, In Value Terms, By Country, 2007–2019
Table 11:
Export Prices, By Country Of Origin, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2019
Figure 17:
Production, In Value Terms, 2007–2019
Figure 18:
Production, By Country, 2019
Figure 19:
Production, In Physical Terms, By Country, 2007–2019
Figure 20:
Imports, In Physical Terms, 2007–2019
Figure 21:
Imports, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, By Country, 2019
Figure 23:
Imports, In Physical Terms, By Country, 2007–2019
Figure 24:
Imports, In Value Terms, By Country, 2007–2019
Figure 25:
Import Prices, By Country, 2007–2019
Figure 26:
Exports, In Physical Terms, 2007–2019
Figure 27:
Exports, In Value Terms, 2007–2019
Figure 28:
Exports, In Physical Terms, By Country, 2019
Figure 29:
Exports, In Physical Terms, By Country, 2007–2019
Figure 30:
Exports, In Value Terms, By Country, 2007–2019
Figure 31:
Export Prices, 2007–2019

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