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China - Borates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBorates Price in China - 2023
Contents:
- Borates Price in China (CIF) - 2023
- Borates Price in China (FOB) - 2022
- Borates Imports in China
- Borates Exports in China
Borates Price in China (CIF) - 2023
The average borates import price stood at $636 per ton in September 2023, waning by -4.3% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 6.7% m-o-m. The import price peaked at $745 per ton in April 2023; however, from May 2023 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Chile ($901 per ton), while the price for Bolivia ($254 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Bolivia (-0.7%), while the prices for the other major suppliers experienced a decline.
Borates Price in China (FOB) - 2022
In 2022, the average borates export price amounted to $1,588 per ton, jumping by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2016 when the average export price increased by 20%. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($2,771 per ton), while the average price for exports to Uzbekistan ($589 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.
Borates Imports in China
In 2022, the amount of borates imported into China reached 1.5M tons, stabilizing at the previous year's figure. The total import volume increased at an average annual rate of +5.6% over the period 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 when imports increased by 36% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, borates imports soared to $922M in 2022. Overall, imports enjoyed a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Borates in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 314 | 227 | 414 | 589 | 23.3% |
United States | 160 | 173 | 154 | 221 | 11.4% |
Russia | 23.3 | 30.9 | 30.2 | 42.6 | 22.3% |
Chile | 25.6 | 30.0 | 33.9 | 39.9 | 15.9% |
Bolivia | 13.4 | 11.1 | 15.7 | 12.5 | -2.3% |
Others | 13.9 | 11.0 | 12.0 | 17.5 | 8.0% |
Total | 551 | 483 | 660 | 922 | 18.7% |
Top Suppliers of Borates to China in 2022:
- Turkey (1010.4K tons)
- United States (347.1K tons)
- Russia (49.4K tons)
- Chile (48.2K tons)
- Bolivia (33.0K tons)
Borates Exports in China
In 2022, the amount of borates exported from China stood at 31K tons, remaining stable against the previous year. The total export volume increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, borates exports surged to $50M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +13.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 27%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.
Export of Borates in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 1.2 | 1.5 | 6.6 | 8.5 | 92.0% |
Russia | 1.8 | 1.6 | 2.0 | 5.2 | 42.4% |
United States | 4.9 | 1.8 | 1.9 | 4.0 | -6.5% |
South Korea | 2.9 | 4.0 | 5.3 | 3.6 | 7.5% |
India | 2.6 | 2.2 | 2.7 | 2.4 | -2.6% |
Brazil | 1.3 | 4.2 | 0.4 | 1.8 | 11.5% |
Italy | 1.4 | 1.0 | 1.0 | 1.5 | 2.3% |
Australia | 0.8 | 0.7 | 1.4 | 1.1 | 11.2% |
Uzbekistan | 0.7 | 0.7 | 0.4 | 1.0 | 12.6% |
Malaysia | 0.5 | 0.4 | 0.6 | 0.8 | 17.0% |
Iran | 0.8 | 0.7 | 0.3 | 0.8 | 0.0% |
Indonesia | 0.4 | 0.5 | 0.6 | 0.6 | 14.5% |
Vietnam | 0.3 | 0.5 | 0.9 | 0.6 | 26.0% |
Others | 14.7 | 13.2 | 18.0 | 17.9 | 6.8% |
Total | 34.4 | 33.0 | 42.1 | 49.9 | 13.2% |
Top Export Markets for Borates from China in 2022:
- Japan (9.4K tons)
- South Korea (2.0K tons)
- Russia (2.0K tons)
- United States (1.9K tons)
- Uzbekistan (1.7K tons)
- India (1.1K tons)
- Australia (1.0K tons)
- Vietnam (0.9K tons)
- Brazil (0.7K tons)
- Malaysia (0.7K tons)
- Iran (0.7K tons)
- Indonesia (0.6K tons)
- Italy (0.5K tons)
This report provides an in-depth analysis of the borates market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the borates market in China.
This report provides an in-depth analysis of the global borates market.
This report provides an in-depth analysis of the borates market in China.
This report provides an in-depth analysis of the global borates market.
Import of Borates decreased by a small margin to $80M in June 2023.
Explore the top import markets for borates worldwide and discover key statistics and trends. Find out which countries are leading in borate imports and the opportunities they present for suppliers.
In value terms, natural borates imports amounted to $X in 2016. Overall, it indicated a strong increase from 2007 to 2016: the total imports value increased at an average annual rate of +X% over ...
In value terms, borates and peroxoborates imports amounted to $X in 2016. Overall, it indicated a pronounced increase from 2007 to 2016: the total imports value decreased at an average annual rate ...
In value terms, natural borates exports amounted to $X in 2016. In general, natural borates exports continue to indicate a strong growth. Global natural borates export peaked of $X in 2014; howe...
In value terms, borates and peroxoborates exports amounted to $X in 2016. Overall, it indicated a strong expansion from 2007 to 2016: the total exports value decreased at an average annual rate of ...
Borates are used in the production of glass, ceramics, agriculture, detergents and bleaches. From 2007 to 2016, global borate consumption displayed a mixed dynamic. Between 2015 and 2016, global borate market remained relatively stable. As of the end o
Import of Borates decreased by a small margin to $80M in June 2023.
Explore the top import markets for borates worldwide and discover key statistics and trends. Find out which countries are leading in borate imports and the opportunities they present for suppliers.
In value terms, natural borates imports amounted to $X in 2016. Overall, it indicated a strong increase from 2007 to 2016: the total imports value increased at an average annual rate of +X% over ...