MENA: Bentonite Market 2024

Bentonite Market Size in MENA

The MENA's bentonite market declined significantly to $X in 2022, which is down by -21.5% against the previous year. Over the period under review, consumption, however, recorded a modest increase. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Bentonite Production in MENA

In value terms, bentonite production dropped to $X in 2022 estimated in export price. The total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +11.4% against 2019 indices. The pace of growth appeared the most rapid in 2015 with an increase of 71% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Bentonite Exports

Exports in MENA

In 2022, the amount of bentonite exported in MENA soared to X tons, growing by 65% against the previous year. Overall, exports continue to indicate a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, bentonite exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by 34% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

Turkey represented the key exporter of bentonite in MENA, with the volume of exports accounting for X tons, which was near 85% of total exports in 2022. It was distantly followed by Egypt (X tons), achieving an 11% share of total exports. Iran (X tons) held a little share of total exports.

Exports from Turkey increased at an average annual rate of +13.2% from 2012 to 2022. At the same time, Egypt (+15.0%) and Iran (+3.4%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in MENA, with a CAGR of +15.0% from 2012-2022. Turkey (+15 p.p.) and Egypt (+3.3 p.p.) significantly strengthened its position in terms of the total exports, while Iran saw its share reduced by -1.7% from 2012 to 2022, respectively.

In value terms, Turkey ($X) remains the largest bentonite supplier in MENA, comprising 76% of total exports. The second position in the ranking was held by Egypt ($X), with a 19% share of total exports.

In Turkey, bentonite exports expanded at an average annual rate of +14.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Egypt (+11.0% per year) and Iran (+0.6% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, declining by -19% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2019 an increase of 35% against the previous year. The level of export peaked at $X per ton in 2021, and then reduced dramatically in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.2%), while the other leaders experienced a decline in the export price figures.

Bentonite Imports

Imports in MENA

Bentonite imports rose remarkably to X tons in 2022, surging by 11% on 2021 figures. The total import volume increased at an average annual rate of +4.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 30%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, bentonite imports expanded markedly to $X in 2022. The total import value increased at an average annual rate of +4.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when imports increased by 26%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Saudi Arabia (X tons) represented the major importer of bentonite, mixing up 38% of total imports. Oman (X tons) held the second position in the ranking, followed by the United Arab Emirates (X tons), Israel (X tons) and Egypt (X tons). All these countries together took near 43% share of total imports. The following importers - Morocco (X tons) and Qatar (X tons) - each reached a 6.4% share of total imports.

Imports into Saudi Arabia increased at an average annual rate of +7.8% from 2012 to 2022. At the same time, Qatar (+16.7%), Israel (+11.6%), Egypt (+11.1%), Morocco (+2.6%) and Oman (+1.2%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in MENA, with a CAGR of +16.7% from 2012-2022. By contrast, the United Arab Emirates (-3.5%) illustrated a downward trend over the same period. Saudi Arabia (+10 p.p.), Israel (+4.2 p.p.), Egypt (+3.4 p.p.) and Qatar (+2 p.p.) significantly strengthened its position in terms of the total imports, while Oman and the United Arab Emirates saw its share reduced by -5.6% and -14.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported bentonite in MENA, comprising 30% of total imports. The second position in the ranking was taken by Israel ($X), with a 13% share of total imports. It was followed by Egypt, with a 12% share.

In Saudi Arabia, bentonite imports expanded at an average annual rate of +8.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Israel (+8.5% per year) and Egypt (+16.6% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, growing by 1.7% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the import price increased by 9%. The level of import peaked in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+4.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform