Asia: Bentonite Market 2024

Bentonite Market Size in Asia

In 2022, the Asian bentonite market decreased by -10.2% to $X for the first time since 2019, thus ending a two-year rising trend. The total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +13.5% against 2019 indices. Over the period under review, the market hit record highs at $X in 2021, and then declined in the following year.

Bentonite Production in Asia

In value terms, bentonite production reduced to $X in 2022 estimated in export price. The total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +20.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 36%. As a result, production attained the peak level of $X, and then dropped in the following year.

Bentonite Exports

Exports in Asia

In 2022, approx. X tons of bentonite were exported in Asia; growing by 16% against 2021 figures. Total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 38%. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, bentonite exports expanded rapidly to $X in 2022. In general, exports showed a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 40% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

India (X tons) and Turkey (X tons) dominates exports structure, together creating 77% of total exports. It was distantly followed by China (X tons) and Azerbaijan (X tons), together generating a 16% share of total exports. Cyprus (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Turkey (with a CAGR of +13.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest bentonite supplying countries in Asia were China ($X), Turkey ($X) and India ($X), with a combined 87% share of total exports.

China, with a CAGR of +18.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, standing approx. at the previous year. Export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bentonite export price increased by +65.7% against 2016 indices. The growth pace was the most rapid in 2021 when the export price increased by 44%. As a result, the export price attained the peak level of $X per ton, and then dropped slightly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.1%), while the other leaders experienced more modest paces of growth.

Bentonite Imports

Imports in Asia

In 2022, the amount of bentonite imported in Asia reached X tons, surging by 8.4% against 2021. The total import volume increased at an average annual rate of +5.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 33%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, bentonite imports rose sharply to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.5% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 14% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Indonesia (X tons), Malaysia (X tons), Saudi Arabia (X tons), China (X tons), Japan (X tons), Thailand (X tons), India (X tons) and South Korea (X tons) represented roughly 74% of total imports in 2022. Oman (X tons), Vietnam (X tons), the United Arab Emirates (X tons), Israel (X tons) and Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +32.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Thailand ($X) were the countries with the highest levels of imports in 2022, together accounting for 36% of total imports. India, Indonesia, Saudi Arabia, Malaysia, South Korea, Vietnam, Singapore, Israel, the United Arab Emirates and Oman lagged somewhat behind, together accounting for a further 48%.

In terms of the main importing countries, India, with a CAGR of +24.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, stabilizing at the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 19% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+6.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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