In 2023, Bolivia led global exports of natural borates, followed by Austria and Argentina. Notable percentage growth was seen in New Zealand, Denmark, and Netherlands. Conversely, Canada and Japan experienced significant declines. The USA also showed a notable decline. The compound annual growth rates indicate consistent performance in Austria and steady declines elsewhere.
Future trends to watch include technological advancements in mining, potential shifts in leading exporters due to geopolitical changes, and the growing importance of sustainability in the mining sector, which might open new market opportunities or impose challenges on existing exporters.
Top countries in Export of Natural Borates by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Bolivia | 50,628,000 | 2023 | +3.4% | +3.84% | View data |
| 2 | 2 Austria | 19,458,000 | 2023 | +4.04% | +4.84% | View data |
| 3 | 3 Argentina | 12,332,000 | 2023 | -3.08% | -2.31% | View data |
| 4 | 4 Netherlands | 8,834,800 | 2023 | +5.04% | +5.41% | View data |
| 5 | 5 Spain | 6,293,200 | 2023 | +3.63% | +2.5% | View data |
| 6 | 6 Peru | 5,617,800 | 2023 | +0.67% | -0.2% | View data |
| 7 | 7 Chile | 5,119,500 | 2023 | -3.31% | -7.25% | View data |
| 8 | 8 Russia | 2,330,800 | 2023 | +5.62% | +2.54% | View data |
| 9 | 9 China | 2,300,600 | 2023 | +4.28% | +2.37% | View data |
| 10 | 10 United States | 1,367,800 | 2023 | -14.24% | -14.74% | View data |
