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U.S. - Bentonite - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

U.S. - Bentonite - Market Analysis, Forecast, Size, Trends And Insights

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Jun 19, 2022

Downward Pressure on U.S. Betonite Market Prices

IndexBox has just published a new report: 'U.S. - Bentonite - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

What is betonite?

Bentonite is an absorbent clay that is used in a variety of industrial and commercial applications. The most common use for betonite is as a drilling mud in the oil and gas industry. Betonite can also be used as a foundry sand, as a binding agent in ceramic production, or as a sealant in landfill construction.

Market overview

The U.S. betonite market is currently under downward pressure, with prices falling in recent months. This is largely due to increased competition from overseas suppliers, as well as weak demand from key end-use industries such as drilling and foundry operations.

As a result of these factors, betonite producers in the United States have been forced to lower their prices in order to stay competitive. This has put downward pressure on the overall market, and it is expected that prices will continue to fall in the near term.

Despite the challenges facing the U.S. betonite market, there are still some positive factors to consider. For instance, the recent surge in oil and gas exploration activity in North America has created new demand for betonite-based drilling muds and other products.

In addition, there are several large betonite deposits located in the United States that could be developed into new mines or quarries. This could provide a boost to the domestic industry, helping to offset some of the losses caused by imports and weak demand.

U.S. Bentonite Export Prices

In Apr 2022, the average bentonite export price amounted to $226 per ton, declining by -8.3% against the previous month. Overall, the export price saw a noticeable shrinkage. The pace of growth was the most pronounced in Jan 2022 an increase of 17% month-to-month. Over the period under review, the average export prices attained the maximum at $260 per ton in Apr 2021, and then declined in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was Taiwan (Chinese) ($561 per ton), while the average price for exports to Canada ($131 per ton) was amongst the lowest.

From Jan 2021 to Apr 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+37.9%), while the prices for the other major destinations experienced more modest paces of growth.

Exports from the U.S.

In Apr 2022, bentonite exports from the United States dropped to 70K tons, falling by -14.1% against the previous month. In general, total exports indicated a strong increase from Jan 2021 to Apr 2022: its volume increased at an average monthly rate of +8.3% over the last fifteen months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on Apr 2022 figures, exports increased by +46.1% against Feb 2022 indices. The most prominent rate of growth was recorded in Mar 2022 when exports increased by 70% month-to-month. Over the period under review, the exports hit record highs at 98K tons in Nov 2021; however, from Dec 2021 to Apr 2022, the exports failed to regain momentum.

In value terms, bentonite exports declined significantly to $16M (IndexBox estimates) in Apr 2022. The total export value increased at an average monthly rate of +4.9% over the period from Jan 2021 to Apr 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The growth pace was the most rapid in Mar 2022 when exports increased by 84% against the previous month. As a result, the exports reached the peak of $20M. From Apr 2022 to Apr 2022, the growth of the exports failed to regain momentum.

Exports by Country

Canada (39K tons) was the main destination for bentonite exports from the United States, with a 55% share of total exports. Moreover, bentonite exports to Canada exceeded the volume sent to the second major destination, Japan (13K tons), threefold. The third position in this ranking was occupied by China (3.8K tons), with a 5.4% share.

From Jan 2021 to Apr 2022, the average monthly rate of growth in terms of volume to Canada stood at +20.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Japan (-0.1% per month) and China (-26.0% per month).

In value terms, the largest markets for bentonite exported from the United States were Canada ($5.1M), Japan ($3M) and China ($1.4M), with a combined 59% share of total exports. Mexico, South Korea and Taiwan (Chinese) lagged somewhat behind, together comprising a further 13%.

Among the main countries of destination, South Korea, with a CAGR of +53.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the bentonite market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 08122210 - Bentonite

Country coverage:

  • United States

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the U.S.
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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