India - Borates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBorates Price in India - 2023
Contents:
- Borates Price in India (CIF) - 2022
- Borates Price in India (FOB) - 2023
- Borates Imports in India
- Borates Exports in India
Borates Price in India (CIF) - 2022
In 2022, the average borates import price amounted to $623 per ton, jumping by 35% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Singapore ($828 per ton) and the United States ($645 per ton), while the price for Spain ($574 per ton) and Turkey ($589 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Borates Price in India (FOB) - 2023
In July 2023, the average borates export price amounted to $2,332 per ton, with an increase of 6.1% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.9%. The pace of growth was the most pronounced in January 2023 an increase of 57% month-to-month. Over the period under review, the average export prices reached the maximum at $2,718 per ton in November 2022; however, from December 2022 to July 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was the United States ($3,076 per ton), while the average price for exports to Nepal ($1,083 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+0.7%), while the prices for the other major destinations experienced a decline.
Borates Imports in India
In 2022, imports of borates into India reduced rapidly to 190K tons, which is down by -26.6% against the previous year's figure. In general, total imports indicated a modest increase from 2019 to 2022: its volume increased at an average annual rate of +1.3% 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 +8.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 48%. As a result, imports reached the peak of 259K tons, and then plummeted in the following year.
In value terms, borates imports dropped to $119M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +11.7% 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 +48.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 50%. As a result, imports attained the peak of $120M, and then dropped slightly in the following year.
Import of Borates in India (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 51.2 | 43.4 | 67.3 | 84.1 | 18.0% |
United States | 19.0 | 20.9 | 25.2 | 21.7 | 4.5% |
Singapore | 1.0 | 2.0 | 2.3 | 3.4 | 50.4% |
Spain | 4.4 | 4.2 | 5.1 | 2.9 | -13.0% |
Bolivia | 1.6 | 2.0 | 7.9 | N/A | 122.2% |
Others | 7.9 | 7.2 | 12.1 | 6.4 | -6.8% |
Total | 85.1 | 79.7 | 120 | 119 | 11.8% |
Top Suppliers of Borates to India in 2022:
- Turkey (142.7K tons)
- United States (33.6K tons)
- Spain (5.1K tons)
- Singapore (4.2K tons)
Borates Exports in India
For the fourth consecutive year, India recorded growth in overseas shipments of borates, which increased by 51% to 8.2K tons in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +23.3% 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 +87.4% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, borates exports skyrocketed to $16M in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Borates in India (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 2,377 | 3,744 | 4,657 | 6,573 | 40.4% |
Iran | 95.1 | 651 | N/A | 1,796 | 166.3% |
Italy | 624 | 441 | 1,261 | 1,256 | 26.3% |
United Arab Emirates | 29.7 | 65.8 | 127 | 1,023 | 225.4% |
Bangladesh | 441 | 294 | 370 | 488 | 3.4% |
Nepal | 291 | 278 | 499 | 455 | 16.1% |
Nigeria | 251 | 308 | 608 | 451 | 21.6% |
Saudi Arabia | 52.2 | 55.7 | 173 | 371 | 92.3% |
Spain | 20.5 | 0.1 | 185 | 359 | 159.7% |
Jordan | 9.6 | 10.7 | 29.6 | 195 | 172.8% |
Malaysia | 1.5 | 50.1 | 1.9 | 187 | 399.6% |
Myanmar | 46.6 | 95.9 | 79.4 | 172 | 54.5% |
Thailand | 96.0 | 2.1 | 31.7 | 124 | 8.9% |
Others | 2,090 | 1,724 | 2,241 | 2,167 | 1.2% |
Total | 6,425 | 7,721 | 10,264 | 15,617 | 34.5% |
Top Export Markets for Borates from India in 2022:
- United States (2016.6 tons)
- Iran (1512.0 tons)
- United Arab Emirates (733.9 tons)
- Italy (523.0 tons)
- Saudi Arabia (380.7 tons)
- Nepal (364.7 tons)
- Malaysia (360.1 tons)
- Nigeria (288.3 tons)
- Bangladesh (286.0 tons)
- Myanmar (217.3 tons)
- Jordan (166.0 tons)
- Thailand (140.6 tons)
- Spain (140.0 tons)
This report provides an in-depth analysis of the borates market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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 India.
This report provides an in-depth analysis of the global borates market.
This report provides an in-depth analysis of the borates market in India.
This report provides an in-depth analysis of the global borates market.
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
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