Report Update Nov 1, 2024

Azerbaijan - Bentonite - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Bentonite Market 2024

Bentonite Market Size in Azerbaijan

The Azerbaijani bentonite market fell notably to $X in 2022, which is down by -80% against the previous year. Over the period under review, consumption recorded a drastic downturn. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Bentonite Production in Azerbaijan

In value terms, bentonite production amounted to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 69%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Bentonite Exports

Exports from Azerbaijan

In 2022, approx. X tons of bentonite were exported from Azerbaijan; increasing by 37% against the year before. Over the period under review, exports posted a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of 207% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, bentonite exports skyrocketed to $X in 2022. Overall, exports posted a slight expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 152% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Poland (X tons) was the main destination for bentonite exports from Azerbaijan, with a 34% share of total exports. Moreover, bentonite exports to Poland exceeded the volume sent to the second major destination, Japan (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland totaled +1,074.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+2,919.8% per year) and Germany (+509.0% per year).

In value terms, the largest markets for bentonite exported from Azerbaijan were Poland ($X), Japan ($X) and Germany ($X), with a combined 56% share of total exports.

In terms of the main countries of destination, Japan, with a CAGR of +2,050.1%, saw 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.

Export Prices by Country

The average bentonite export price stood at $X per ton in 2022, almost unchanged from the previous year. In general, the export price, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2016 an increase of 18% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (-3.9%), while the prices for the other major destinations experienced a decline.

Bentonite Imports

Imports into Azerbaijan

For the third consecutive year, Azerbaijan recorded growth in purchases abroad of bentonite, which increased by 78% to X tons in 2022. Overall, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2017 when imports increased by 191%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, bentonite imports soared to $X in 2022. Over the period under review, imports showed resilient growth. The pace of growth appeared the most rapid in 2021 when imports increased by 133% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of bentonite to Azerbaijan, accounting for a 69% share of total imports. Moreover, bentonite imports from Turkey exceeded the figures recorded by the second-largest supplier, Georgia (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey totaled +34.5%.

In value terms, Turkey ($X) constituted the largest supplier of bentonite to Azerbaijan, comprising 84% of total imports. The second position in the ranking was taken by Georgia ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey totaled +47.6%.

Import Prices by Country

The average bentonite import price stood at $X per ton in 2022, remaining constant against the previous year. Overall, the import price, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2015 when the average import price increased by 139% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Georgia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+9.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bentonite in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 47% of global consumption.

What are the largest producers of bentonite in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 61% share of global production.

What are the leading suppliers of bentonite to Azerbaijan?

In value terms, Turkey constituted the largest supplier of bentonite to Azerbaijan, comprising 86% of total imports. The second position in the ranking was occupied by the UK, with a 7.6% share of total imports.

What are the leading importers of bentonite from Azerbaijan?

In value terms, Poland remains the key foreign market for bentonite exports from Azerbaijan, comprising 69% of total exports. The second position in the ranking was occupied by Belarus, with a 22% share of total exports. It was followed by India, with a 6.2% share.

What is the average export price for bentonite in Azerbaijan?

In 2021, the average bentonite export price amounted to $58 per ton, reducing by -21.4% against the previous year.

What is the average import price for bentonite in Azerbaijan?

In 2021, the average bentonite import price amounted to $382 per ton, picking up by 43% against the previous year.

This report provides an in-depth analysis of the bentonite market in Azerbaijan. 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:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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