Central Asia: Bentonite Market 2024

Bentonite Market Size in Central Asia

The Central Asian bentonite market skyrocketed to $X in 2022, increasing by 25% against the previous year. In general, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Bentonite Production in Central Asia

In value terms, bentonite production amounted to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2017 with an increase of 35%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Bentonite Exports

Exports in Central Asia

Bentonite exports soared to X tons in 2022, with an increase of 47% compared with the previous year. Over the period under review, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2016 when exports increased by 255% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, bentonite exports soared to $X in 2022. In general, exports enjoyed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan represented the main exporting country with an export of around X tons, which accounted for 67% of total exports. It was distantly followed by Uzbekistan (X tons), comprising a 32% share of total exports.

Exports from Kazakhstan increased at an average annual rate of +9.2% from 2012 to 2022. At the same time, Uzbekistan (+16.1%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +16.1% from 2012-2022. While the share of Uzbekistan (+11 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kazakhstan (-11.8 p.p.) displayed negative dynamics.

In value terms, Uzbekistan ($X) and Kazakhstan ($X) constituted the countries with the highest levels of exports in 2022.

Uzbekistan, with a CAGR of +28.0%, 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.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, with an increase of 96% against the previous year. In general, the export price recorded a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+10.3%).

Bentonite Imports

Imports in Central Asia

In 2022, approx. X tons of bentonite were imported in Central Asia; with an increase of 41% against 2021 figures. Overall, imports saw buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 76% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, bentonite imports soared to $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 +123.9% against 2016 indices. The growth pace was the most rapid in 2013 with an increase of 46%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, Kazakhstan (X tons) represented the main importer of bentonite, comprising 61% of total imports. Tajikistan (X tons) took a 29% share (based on physical terms) of total imports, which put it in second place, followed by Mongolia (5%). Kyrgyzstan (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to bentonite imports into Kazakhstan stood at +7.9%. At the same time, Tajikistan (+102.3%) and Kyrgyzstan (+14.6%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +102.3% from 2012-2022. By contrast, Mongolia (-1.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Tajikistan increased by +29 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported bentonite in Central Asia, comprising 63% of total imports. The second position in the ranking was taken by Tajikistan ($X), with an 18% share of total imports. It was followed by Kyrgyzstan, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan totaled +5.6%. In the other countries, the average annual rates were as follows: Tajikistan (+73.7% per year) and Kyrgyzstan (+16.9% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, with a decrease of -9% against the previous year. In general, the import price recorded a noticeable contraction. The pace of growth was the most pronounced in 2018 when the import price increased by 9.4%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+2.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :