In 2023, China dominated the global export market for peroxoborates of metals with a substantial share of 86.2%. The United States held the second position with a 10.72% share, followed by India at 3.08%. Spain and the Netherlands had shares of 2.78% and 2.63%, respectively. South Korea accounted for 1.31%, while Thailand, South Africa, and Canada had marginal shares of 0.24%, 0.10%, and 0.068%, respectively. Year-on-year variations in 2023 showed China with a decrease of 2.93%, while India witnessed the most significant increase at 4.21%. Notable declines were observed in South Africa and Canada, at 14.93% and 24.7% respectively.
Future trends to watch involve the continued monitoring of China's slight downward trend, while also keeping an eye on India and South Korea, which show potential for growth. Environmental regulations and advancements in green chemistry might shape the perborate market dynamics, influencing demand and export strategies across countries.
Top countries in Export of Peroxoborates (Perborates) of Metals Share by Country (Kilograms)
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 86.2 | 2023 | -5.64% | -2.93% | View data |
| 2 | 2 United States | 10.72 | 2023 | +1.87% | +1.84% | View data |
| 3 | 3 India | 3.08 | 2023 | +2.3% | +4.21% | View data |
| 4 | 4 Spain | 2.78 | 2023 | +4.19% | -1.04% | View data |
| 5 | 5 Netherlands | 2.63 | 2023 | -7.76% | -3.41% | View data |
| 6 | 6 South Korea | 1.31 | 2023 | +3.09% | +2.86% | View data |
| 7 | 7 Thailand | 0.24 | 2023 | +6.74% | +1.5% | View data |
| 8 | 8 South Africa | 0.1 | 2023 | -18.61% | -14.93% | View data |
| 9 | 9 Canada | 0.068 | 2023 | -16.91% | -24.7% | View data |
