In 2023, China was the dominant exporter of peroxoborates, with export values at 2.94 million USD, though experiencing a slight decline of 3.19% from the previous year. India and Australia showed substantial growth in exports with increases of 4.69% and 5.76%, respectively. The United States saw a significant decline of 13.26%, while Spain and South Korea had modest growths. The Netherlands experienced a minor decrease, Singapore had a notable drop of 6.17%, and South Africa's exports fell by 8.14%. Over a five-year period, the compound annual growth rates for most countries fluctuated, reflecting varying market dynamics.
Future trends to watch include the impact of worldwide economic conditions on manufacturing demand and potential shifts in trade policies. Market players should be vigilant for advancements in technology, sustainability practices affecting production, and emerging markets that could diversify sources and demand in the global supply chain of peroxoborates.
Top countries in Export of Peroxoborates (Perborates) of Metals by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 2,940,200 | 2023 | -5.47% | -3.19% | View data |
| 2 | 2 India | 317,250 | 2023 | +1.77% | +4.69% | View data |
| 3 | 3 United States | 215,860 | 2023 | -29.16% | -13.26% | View data |
| 4 | 4 Australia | 158,410 | 2023 | +5.46% | +5.76% | View data |
| 5 | 5 Spain | 140,100 | 2023 | +3.91% | +3.03% | View data |
| 6 | 6 Netherlands | 96,460 | 2023 | -5.53% | -1.88% | View data |
| 7 | 7 South Korea | 66,530 | 2023 | +1.57% | +1.63% | View data |
| 8 | 8 Singapore | 21,140 | 2023 | -5.59% | -6.17% | View data |
| 9 | 9 Thailand | 8,650 | 2023 | +6.2% | +4.78% | View data |
| 10 | 10 South Africa | 7,510 | 2023 | -9.13% | -8.14% | View data |