Israel: Bentonite Market 2024

Bentonite Market Size in Israel

The Israeli bentonite market soared to $X in 2022, surging by 30% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a buoyant increase. Bentonite consumption peaked in 2022 and is expected to retain growth in the near future.

Bentonite Exports

Exports from Israel

Bentonite exports from Israel reached X tons in 2022, remaining constant against 2021. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 1,010%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, bentonite exports reached $X in 2022. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 1,832% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for bentonite exports from Israel, with a 46% share of total exports. Moreover, bentonite exports to France exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. Denmark (X tons) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume to France totaled +67.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+9.8% per year) and Denmark (-1.3% per year).

In value terms, the largest markets for bentonite exported from Israel were Cyprus ($X), France ($X) and the Netherlands ($X), with a combined 61% share of total exports.

Among the main countries of destination, Cyprus, with a CAGR of +55.0%, saw the highest rates of growth with regard to 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

In 2022, the average bentonite export price amounted to $X per ton, flattening at the previous year. Overall, the export price recorded a slight descent. The most prominent rate of growth was recorded in 2014 an increase of 74% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to France ($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 Cyprus (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Bentonite Imports

Imports into Israel

In 2022, bentonite imports into Israel surged to X tons, jumping by 30% on the previous year. Over the period under review, imports saw strong growth. The growth pace was the most rapid in 2017 when imports increased by 73%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, bentonite imports soared to $X in 2022. In general, imports showed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 42%. Over the period under review, imports attained the peak figure 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 Israel, accounting for a 42% share of total imports. Moreover, bentonite imports from Turkey exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), threefold. Egypt (X tons) ranked third in terms of total imports with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey totaled +22.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+7.6% per year) and Egypt (+3.9% per year).

In value terms, Turkey ($X) constituted the largest supplier of bentonite to Israel, comprising 44% of total imports. The second position in the ranking was taken by Bulgaria ($X), with a 13% share of total imports. It was followed by Egypt, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value from Turkey totaled +20.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+5.1% per year) and Egypt (+1.5% per year).

Import Prices by Country

In 2022, the average bentonite import price amounted to $X per ton, flattening at the previous year. Overall, the import price, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by 18%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Bulgaria ($X per ton) and the United States ($X per ton), while the price for Singapore ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (-2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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