In 2023, China dominated the global export market of peroxoborates, representing a significant majority share, although experiencing a 3.19% year-on-year decrease. India and Australia showed positive growth with 4.69% and 5.76% increases, respectively. The United States saw a notable decline of 13.26%, while other countries like Spain and Thailand grew modestly. Negative trends were also observed in the Netherlands, Singapore, and South Africa.
Looking forward to 2024 and beyond, the key trends to watch include the potential for China to maintain its leadership position amidst declining demand, India's and Australia's continued growth, and how the US adapts to regain market share. Environmental regulations and technological advancements in manufacturing could significantly shape these dynamics.
Top countries in Export of Peroxoborates (Perborates) of Metals Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 72.9 | 2023 | -5.47% | -3.19% | View data |
| 2 | 2 India | 7.87 | 2023 | +1.77% | +4.69% | View data |
| 3 | 3 United States | 5.35 | 2023 | -29.16% | -13.26% | View data |
| 4 | 4 Australia | 3.93 | 2023 | +5.46% | +5.76% | View data |
| 5 | 5 Spain | 3.47 | 2023 | +3.91% | +3.03% | View data |
| 6 | 6 Netherlands | 2.39 | 2023 | -5.53% | -1.88% | View data |
| 7 | 7 South Korea | 1.65 | 2023 | +1.57% | +1.63% | View data |
| 8 | 8 Singapore | 0.52 | 2023 | -5.59% | -6.17% | View data |
| 9 | 9 Thailand | 0.21 | 2023 | +6.2% | +4.78% | View data |
| 10 | 10 South Africa | 0.19 | 2023 | -9.13% | -8.14% | View data |
