Borates Market in the United States
In value terms, borates production dropped modestly to $ in . Over the period under review, the total production indicated a slight increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of %. Over the period under review, production hit record highs at $ in 2013; however, from 2014 to , production failed to regain momentum.
The revenue of the borates market in the United States rose remarkably to $ in , picking up 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 continues to indicate a relatively flat trend pattern. Borates consumption peaked at $ in 2009; however, from 2010 to , consumption failed to regain momentum.