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World - Oxides of Boron and Boric Acids - Market Analysis, Forecast, Size, Trends and Insights
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View PricingOverview of the Global Market for Oxides Of Boron and Boric Acids
Market Size for Oxides Of Boron and Boric Acids
In 2021, the global market for oxides of boron and boric acids increased by 6.4% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the market value increased by 9% against the previous year. Global consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.
Production of Oxides Of Boron and Boric Acids
In value terms, boron oxide and boric acid production fell modestly to $X in 2021 estimated in export price. In general, production, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 16%. Over the period under review, global production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.
Exports of Oxides Of Boron and Boric Acids
Exports
In 2021, approx. X tons of oxides of boron and boric acids were exported worldwide; picking up by 8.8% against 2020. The total export volume increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 15%. The global exports peaked in 2021 and are likely to see steady growth in years to come.
In value terms, boron oxide and boric acid exports soared to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the global exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.
Exports by Country
The United States was the largest exporting country with an export of about X tons, which finished at 45% of total exports. It was distantly followed by Chile (X tons), Russia (X tons), the Netherlands (X tons) and Peru (X tons), together comprising a 44% share of total exports. Argentina (X tons) and Latvia (X tons) followed a long way behind the leaders.
Exports from the United States increased at an average annual rate of +4.4% from 2012 to 2021. At the same time, Latvia (+70.6%), the Netherlands (+50.4%), Russia (+3.3%) and Chile (+1.2%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in the world, with a CAGR of +70.6% from 2012-2021. Peru experienced a relatively flat trend pattern. By contrast, Argentina (-3.3%) illustrated a downward trend over the same period. While the share of the Netherlands (+9.1 p.p.), the United States (+5 p.p.) and Latvia (+1.8 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Argentina (-2.6 p.p.) and Chile (-2.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United States ($X) remains the largest boron oxide and boric acid supplier worldwide, comprising 44% of global exports. The second position in the ranking was held by Chile ($X), with a 13% share of global exports. It was followed by the Netherlands, with a 9.9% share.
In the United States, boron oxide and boric acid exports increased at an average annual rate of +1.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (-3.2% per year) and the Netherlands (+39.8% per year).
Export Prices by Country
In 2021, the average export price for oxides of boron and boric acids amounted to $X per ton, picking up by 7.9% against the previous year. Overall, the export price, however, showed a pronounced curtailment. The growth pace was the most rapid in 2020 an increase of 10% against the previous year. The global export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.
Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while Russia ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (-2.3%), while the other global leaders experienced a decline in the export price figures.
Imports of Oxides Of Boron and Boric Acids
Imports
In 2021, the amount of oxides of boron and boric acids imported worldwide skyrocketed to X tons, with an increase of 16% against 2020. The total import volume increased at an average annual rate of +3.3% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 22%. Global imports peaked in 2021 and are likely to see gradual growth in the near future.
In value terms, boron oxide and boric acid imports skyrocketed to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. Over the period under review, global imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.
Imports by Country
In 2021, China (X tons) represented the key importer of oxides of boron and boric acids, mixing up 33% of total imports. The United States (X tons) took a 5.7% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (5.5%), Brazil (5.4%), South Korea (5.4%) and the Netherlands (5.3%). France (X tons), Germany (X tons), Malaysia (X tons), Japan (X tons), Russia (X tons), Italy (X tons) and Spain (X tons) held a minor share of total imports.
From 2012 to 2021, average annual rates of growth with regard to boron oxide and boric acid imports into China stood at +7.7%. At the same time, the Netherlands (+18.0%), Malaysia (+12.7%), Russia (+7.4%), Taiwan (Chinese) (+4.7%), France (+4.5%), Spain (+3.5%), Italy (+2.6%) and Brazil (+2.1%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the world, with a CAGR of +18.0% from 2012-2021. Germany and the United States experienced a relatively flat trend pattern. By contrast, South Korea (-1.0%) and Japan (-12.0%) illustrated a downward trend over the same period. China (+10 p.p.), the Netherlands (+3.7 p.p.) and Malaysia (+1.6 p.p.) significantly strengthened its position in terms of the global imports, while the United States, South Korea and Japan saw its share reduced by -2%, -2.5% and -9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($X) constitutes the largest market for imported oxides of boron and boric acids worldwide, comprising 30% of global imports. The second position in the ranking was held by South Korea ($X), with a 6% share of global imports. It was followed by Taiwan (Chinese), with a 5.4% share.
From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +3.3%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (-2.9% per year) and Taiwan (Chinese) (+2.6% per year).
Import Prices by Country
The average import price for oxides of boron and boric acids stood at $X per ton in 2021, growing by 6.4% against the previous year. Overall, the import price, however, continues to indicate a noticeable reduction. Global import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Japan ($X per ton), while Russia ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (-1.7%), while the other global leaders experienced a decline in the import price figures.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the global market for boron oxide and boric acid. 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:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- 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
+ the largest producing countries
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:
- 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. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL 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- 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
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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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