Denmark: Bentonite Market 2024

Bentonite Market Size in Denmark

The Danish bentonite market shrank significantly to $X in 2022, reducing by -38% against the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Bentonite Production in Denmark

In value terms, bentonite production contracted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.7% 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 +17.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 93%. Bentonite production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Bentonite Exports

Exports from Denmark

In 2022, approx. X tons of bentonite were exported from Denmark; rising by 61% compared with the previous year. The total export volume increased at an average annual rate of +4.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, bentonite exports surged to $X in 2022. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 27%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X tons) was the main destination for bentonite exports from Denmark, with a 54% share of total exports. Moreover, bentonite exports to Sweden exceeded the volume sent to the second major destination, Finland (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden amounted to +8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (-2.9% per year) and Germany (+50.0% per year).

In value terms, Sweden ($X) remains the key foreign market for bentonite exports from Denmark, comprising 49% of total exports. The second position in the ranking was held by Germany ($X), with a 15% share of total exports. It was followed by Finland, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Sweden amounted to +8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+47.0% per year) and Finland (-3.5% per year).

Export Prices by Country

The average bentonite export price stood at $X per ton in 2022, with a decrease of -21.4% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 62%. As a result, the export price attained the peak level of $X per ton, and then reduced rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Finland ($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 Norway (+9.7%), while the prices for the other major destinations experienced mixed trend patterns.

Bentonite Imports

Imports into Denmark

In 2022, purchases abroad of bentonite decreased by -14.3% to X tons, falling for the second consecutive year after two years of growth. Overall, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 41% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, bentonite imports reduced dramatically to $X in 2022. Over the period under review, imports recorded a pronounced slump. The most prominent rate of growth was recorded in 2017 when imports increased by 49% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest bentonite supplier to Denmark, with a 46% share of total imports. Moreover, bentonite imports from Turkey exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by Poland (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey amounted to +24.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.1% per year) and Poland (+8.0% per year).

In value terms, the largest bentonite suppliers to Denmark were Turkey ($X), Germany ($X) and Poland ($X), together comprising 75% of total imports.

Turkey, with a CAGR of +20.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average bentonite import price amounted to $X per ton, reducing by -3.9% against the previous year. Overall, the import price, however, continues to indicate noticeable growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 116%. As a result, import price reached the peak level of $X per ton, and then contracted modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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