Argentina: Bentonite Market 2024

Bentonite Market Size in Argentina

The Argentinian bentonite market reduced slightly to $X in 2022, remaining stable against the previous year. In general, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +5.0% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Bentonite Production in Argentina

In value terms, bentonite production rose to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 40% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Bentonite Exports

Exports from Argentina

In 2022, approx. X tons of bentonite were exported from Argentina; surging by 3.8% on 2021 figures. In general, exports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of 4% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, bentonite exports totaled $X in 2022. Overall, exports, however, showed a deep setback. The pace of growth was the most pronounced in 2020 with an increase of 3.5% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil (X tons) was the main destination for bentonite exports from Argentina, accounting for a 90% share of total exports. Moreover, bentonite exports to Brazil exceeded the volume sent to the second major destination, Chile (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil stood at -6.4%.

In value terms, Brazil ($X) remains the key foreign market for bentonite exports from Argentina, comprising 85% of total exports. The second position in the ranking was taken by Chile ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil totaled -6.9%.

Export Prices by Country

In 2022, the average bentonite export price amounted to $X per ton, dropping by -3.3% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 2.8%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Brazil amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+5.2%).

Bentonite Imports

Imports into Argentina

In 2022, approx. X tons of bentonite were imported into Argentina; which is down by -53% compared with the year before. In general, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of 316% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, bentonite imports shrank sharply to $X in 2022. Over the period under review, imports faced a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by 125%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of bentonite to Argentina, accounting for a 76% share of total imports. Moreover, bentonite imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. The third position in this ranking was held by China (X tons), with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-2.3% per year) and China (-20.9% per year).

In value terms, the United States ($X) constituted the largest supplier of bentonite to Argentina, comprising 47% of total imports. The second position in the ranking was taken by Italy ($X), with a 5.7% share of total imports. It was followed by Germany, with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-5.7% per year) and Germany (+75.3% per year).

Import Prices by Country

The average bentonite import price stood at $X per ton in 2022, which is down by -24.2% against the previous year. In general, the import price saw a perceptible decline. The most prominent rate of growth was recorded in 2014 when the average import price increased by 71% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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