Borates Market in Peru
Market Overview
The Peruvian borates market soared to $
in , rising 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). In general, consumption, however, continues to indicate a abrupt curtailment. Borates consumption peaked at $ in 2008; however, from 2009 to , consumption remained at a lower figure.
In value terms, borates production reached $ in estimated in export price. In general, production, however, continues to indicate a pronounced decline. The growth pace was the most rapid in 2017 with an increase of % against the previous year. Over the period under review, production reached the maximum level at $ in 2008; however, from 2009 to , production failed to regain momentum.
in , rising 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). In general, consumption, however, continues to indicate a abrupt curtailment. Borates consumption peaked at $ in 2008; however, from 2009 to , consumption remained at a lower figure.In value terms, borates production reached $
in estimated in export price. In general, production, however, continues to indicate a pronounced decline. The growth pace was the most rapid in 2017 with an increase of % against the previous year. Over the period under review, production reached the maximum level at $ in 2008; however, from 2009 to , production failed to regain momentum.Consumption
Borates consumption in Peru soared to tons in , picking up by % on the previous year. Over the period under review, consumption, however, saw a abrupt downturn. Over the period under review, consumption reached the maximum volume at tons in 2008; however, from 2009 to , consumption failed to regain momentum.
The value of the borates market in Peru soared to $ in , growing 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). In general, consumption, however, recorded a drastic downturn. Borates consumption peaked at $ in 2008; however, from 2009 to , consumption failed to regain momentum.
tons in , picking up by % on the previous year. Over the period under review, consumption, however, saw a abrupt downturn. Over the period under review, consumption reached the maximum volume at tons in 2008; however, from 2009 to , consumption failed to regain momentum.The value of the borates market in Peru soared to $
in , growing 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). In general, consumption, however, recorded a drastic downturn. Borates consumption peaked at $ in 2008; however, from 2009 to , consumption failed to regain momentum.Market Forecast
Depressed by shrinking demand for borates in Peru, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in Peru increased significantly over the last fifteen years (from % to %).
% to %).Trade Balance
Peru remains a net exporter of borates; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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