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GCC - Oxides of Boron and Boric Acids - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGCC: Market for Oxides Of Boron and Boric Acids 2024
Market Size for Oxides Of Boron and Boric Acids in GCC
In 2021, after three years of growth, there was significant decline in the GCC market for oxides of boron and boric acids, when its value decreased by -18.2% to $X. The total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2020, and then reduced remarkably in the following year.
Production of Oxides Of Boron and Boric Acids in GCC
In value terms, boron oxide and boric acid production rose notably to $X in 2021 estimated in export price. In general, production, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 644% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.
Exports of Oxides Of Boron and Boric Acids
Exports in GCC
In 2021, overseas shipments of oxides of boron and boric acids decreased by -41.7% to X tons, falling for the fourth consecutive year after four years of growth. Over the period under review, exports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2015 with an increase of 220%. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.
In value terms, boron oxide and boric acid exports declined significantly to $X in 2021. In general, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 207%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.
Exports by Country
The United Arab Emirates prevails in exports structure, recording X tons, which was approx. 94% of total exports in 2021. Saudi Arabia (X tons) and Kuwait (X tons) followed a long way behind the leaders.
The United Arab Emirates was also the fastest-growing in terms of the oxides of boron and boric acids exports, with a CAGR of +22.1% from 2012 to 2021. Saudi Arabia (-1.3%) and Kuwait (-15.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates increased by +41 percentage points.
In value terms, the United Arab Emirates ($X) remains the largest boron oxide and boric acid supplier in GCC, comprising 91% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 5.3% share of total exports.
From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates stood at +14.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (+2.1% per year) and Kuwait (+3.7% per year).
Export Prices by Country
In 2021, the export price in GCC amounted to $X per ton, with a decrease of -4.7% against the previous year. In general, the export price showed a noticeable setback. The most prominent rate of growth was recorded in 2013 when the export price increased by 63% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices failed to regain momentum.
There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Kuwait ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+23.2%), while the other leaders experienced mixed trends in the export price figures.
Imports of Oxides Of Boron and Boric Acids
Imports in GCC
After two years of growth, purchases abroad of oxides of boron and boric acids decreased by -39.3% to X tons in 2021. In general, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2019 when imports increased by 336% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.
In value terms, boron oxide and boric acid imports fell notably to $X in 2021. Overall, imports showed a abrupt downturn. The growth pace was the most rapid in 2019 with an increase of 217%. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.
Imports by Country
The United Arab Emirates dominates imports structure, accounting for X tons, which was near 87% of total imports in 2021. Oman (X tons) took a 6.3% share (based on physical terms) of total imports, which put it in second place, followed by Qatar (5.6%).
From 2012 to 2021, average annual rates of growth with regard to boron oxide and boric acid imports into the United Arab Emirates stood at +6.5%. At the same time, Qatar (+24.8%) and Oman (+7.1%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of +24.8% from 2012-2021. From 2012 to 2021, the share of the United Arab Emirates, Qatar and Oman increased by +58, +5.2 and +4.3 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United Arab Emirates ($X) constitutes the largest market for imported oxides of boron and boric acids in GCC, comprising 83% of total imports. The second position in the ranking was held by Qatar ($X), with an 8.2% share of total imports.
From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates stood at +5.4%. In the other countries, the average annual rates were as follows: Qatar (+22.3% per year) and Oman (+1.4% per year).
Import Prices by Country
In 2021, the import price in GCC amounted to $X per ton, jumping by 17% against the previous year. Over the period under review, the import price, however, saw a pronounced descent. The growth pace was the most rapid in 2018 when the import price increased by 33% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Qatar ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-1.0%), while the other leaders experienced a decline in the import price figures.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for boron oxide and boric acid in GCC. 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 20132462 -
- Prodcom 20132465 -
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in GCC, split by region and country
- Trade (exports and imports) in GCC
- 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
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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
- CONSUMPTION BY COUNTRY
- 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
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- 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 -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Bahrain
- Kuwait
- Oman
- Qatar
- Saudi Arabia
- United Arab Emirates
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 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
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 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, 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, 2012–2023
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