Borates Market in China
In value terms, borates production fell modestly to $ in estimated in export price. In general, production recorded prominent growth. The pace of growth was the most pronounced in 2017 with an increase of % against the previous year. Over the period under review, production reached the peak level at $ in , and then reduced modestly in the following year.
The value of the borates market in China skyrocketed to $ in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption posted a buoyant expansion. As a result, consumption reached the peak level of $. From 2019 to , the growth of the market failed to regain momentum.