Latin America and the Caribbean: Bentonite Market 2021

Bentonite Market Size in Latin America and the Caribbean

The Latin American bentonite market rose significantly to $X in 2019, growing by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2019, consumption remained at a lower figure.

Bentonite Production in Latin America and the Caribbean

In value terms, bentonite production expanded markedly to $X in 2019 estimated in export prices. In general, production, however, showed a slight expansion. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. The level of production peaked at $X in 2012; however, from 2013 to 2019, production failed to regain the momentum.

Production By Country in Latin America and the Caribbean

The countries with the highest volumes of bentonite production in 2019 were Mexico (X tons), Brazil (X tons) and Argentina (X tons), together accounting for X% of total production.

From 2007 to 2019, the biggest increases were in Brazil, while bentonite production for the other leaders experienced a decline in the production figures.

Bentonite Exports

Exports in Latin America and the Caribbean

In 2019, after seven years of decline, there was significant growth in shipments abroad of bentonite, when their volume increased by X% to X tons. Over the period under review, exports, however, continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2011; however, from 2012 to 2019, exports remained at a lower figure.

In value terms, bentonite exports fell to $X in 2019. Total exports indicated a mild expansion from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports decreased by -X% against 2011 indices. The pace of growth was the most pronounced in 2010 when exports increased by X% y-o-y. The level of export peaked at $X in 2011; however, from 2012 to 2019, exports failed to regain the momentum.

Exports by Country

In 2019, Argentina (X tons) represented the key exporter of bentonite, achieving X% of total exports. Mexico (X tons) took the second position in the ranking, distantly followed by Brazil (X tons). All these countries together held near X% share of total exports. The following exporters - Guatemala (X tons), Peru (X tons) and El Salvador (X tons) - each amounted to a X% share of total exports.

From 2007 to 2019, average annual rates of growth with regard to bentonite exports from Argentina stood at -X%. At the same time, Mexico (+X%) and Brazil (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2019. Peru experienced a relatively flat trend pattern. By contrast, El Salvador (-X%) and Guatemala (-X%) illustrated a downward trend over the same period. From 2007 to 2019, the share of Mexico and Brazil increased by +X% and +X% percentage points, while Guatemala (-X p.p.) and Argentina (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X), Mexico ($X) and Brazil ($X) were the countries with the highest levels of exports in 2019, together accounting for X% of total exports.

Mexico recorded the highest rates of growth with regard to the value of exports, among 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

The bentonite export price in Latin America and the Caribbean stood at $X per ton in 2019, with a decrease of -X% against the previous year. Export price indicated perceptible growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, bentonite export price decreased by -X% against 2015 indices. The growth pace was the most rapid in 2008 when the export price increased by X% year-to-year. Over the period under review, export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Brazil ($X per ton), while El Salvador ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Peru, while the other leaders experienced more modest paces of growth.

Bentonite Imports

Imports in Latin America and the Caribbean

In 2019, overseas purchases of bentonite increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports, however, continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, imports attained the maximum at X tons in 2011; however, from 2012 to 2019, imports remained at a lower figure.

In value terms, bentonite imports rose slightly to $X in 2019. Total imports indicated a tangible increase from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Brazil (X tons) was the key importer of bentonite, comprising X% of total imports. Mexico (X tons) ranks second in terms of the total imports with a X% share, followed by Colombia (X%), Chile (X%) and Peru (X%). The following importers - Costa Rica (X tons), Guatemala (X tons) and El Salvador (X tons) - together made up X% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Colombia, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bentonite importing markets in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Colombia ($X), with a combined X% share of total imports.

In terms of the main importing countries, Colombia recorded the highest rates of growth with regard to 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 bentonite import price in Latin America and the Caribbean stood at $X per ton in 2019, approximately equating the previous year. Import price indicated a prominent increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, bentonite import price decreased by +X% against 2017 indices. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. The level of import peaked at $X per ton in 2015; however, from 2016 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Guatemala ($X per ton), while Costa Rica ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Brazil, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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