Borates Market in the United States
Market Overview
The U.S. borates market expanded sharply 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). Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $ in 2009; however, from 2010 to , consumption remained at a lower figure.
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.
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). Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $ in 2009; however, from 2010 to , consumption remained at a lower figure.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.Consumption
In , borates consumption in the United States stood at tonnes, picking up by % on . Overall, consumption recorded a modest increase. Over the period under review, consumption reached the maximum volume at tonnes in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.
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.
, borates consumption in the United States stood at tonnes, picking up by % on . Overall, consumption recorded a modest increase. Over the period under review, consumption reached the maximum volume at tonnes in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.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.Market Forecast
The borates market is expected to start a downward consumption trend over the next decade. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the nine-year period from to , which is projected to depress the market volume to tonnes by the end of .
% for the nine-year period from to , which is projected to depress the market volume to tonnes by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in the United States increased significantly over the last fourteen years (from % to %).
% to %).Trade Balance
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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