Luxembourg: Bentonite Market 2024

Bentonite Market Size in Luxembourg

The Luxembourg bentonite market expanded markedly to $X in 2022, surging by 12% 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 enjoyed a buoyant increase. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Bentonite Exports

Exports from Luxembourg

In 2022, shipments abroad of bentonite increased by 118% to X tons, rising for the fifth year in a row after two years of decline. Overall, exports posted a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 220% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, bentonite exports surged to $X in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 217% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Germany (X tons), France (X tons) and Belgium (X tons) were the main destinations of bentonite exports from Luxembourg, together accounting for 100% of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +142.1%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for bentonite exported from Luxembourg were France ($X), Germany ($X) and Belgium ($X), together accounting for 99% of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +190.3%, 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 mixed trend patterns.

Export Prices by Country

In 2022, the average bentonite export price amounted to $X per ton, picking up by 41% against the previous year. In general, the export price showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 182% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Belgium ($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 France (+33.5%), while the prices for the other major destinations experienced mixed trend patterns.

Bentonite Imports

Imports into Luxembourg

In 2022, the amount of bentonite imported into Luxembourg stood at X tons, surging by 6.8% on the previous year. Over the period under review, imports saw a buoyant expansion. The pace of growth was the most pronounced in 2013 when imports increased by 85%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, bentonite imports skyrocketed to $X in 2022. In general, imports showed a significant expansion. The growth pace was the most rapid in 2013 when imports increased by 104% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Belgium (X tons) constituted the largest bentonite supplier to Luxembourg, accounting for a 47% share of total imports. Moreover, bentonite imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with an 8.1% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium amounted to +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+33.3% per year) and the Netherlands (+7.5% per year).

In value terms, Belgium ($X), Germany ($X) and France ($X) appeared to be the largest bentonite suppliers to Luxembourg, with a combined 75% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of +43.1%, saw 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

In 2022, the average bentonite import price amounted to $X per ton, surging by 15% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bentonite import price increased by +75.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 53% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Morocco ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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