The global export of natural borates in 2023 saw Bolivia leading with a significant share, followed by Austria and Argentina. Notable year-on-year growth was recorded by Denmark and New Zealand, whereas the United States and France faced declines. Over the past five years, average growth trends were varied, reflecting both emerging strength in certain countries and declines in traditionally strong markets like the U.S. and Argentina.
Future trends to watch include the potential for further expansion in European countries like Denmark and Austria and Asian markets like South Korea. Monitoring shifts in both emerging and declining markets will be crucial for strategic positioning in borate exports.
Top countries in Export of Natural Borates Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Bolivia | 43.62 | 2023 | +3.4% | +3.84% | View data |
| 2 | 2 Austria | 16.76 | 2023 | +4.04% | +4.84% | View data |
| 3 | 3 Argentina | 10.63 | 2023 | -3.08% | -2.31% | View data |
| 4 | 4 Netherlands | 7.61 | 2023 | +5.04% | +5.41% | View data |
| 5 | 5 Spain | 5.42 | 2023 | +3.63% | +2.5% | View data |
| 6 | 6 Peru | 4.84 | 2023 | +0.67% | -0.2% | View data |
| 7 | 7 Chile | 4.41 | 2023 | -3.31% | -7.25% | View data |
| 8 | 8 Russia | 2.01 | 2023 | +5.62% | +2.54% | View data |
| 9 | 9 China | 1.98 | 2023 | +4.28% | +2.37% | View data |
| 10 | 10 United States | 1.18 | 2023 | -14.24% | -14.74% | View data |
