Middle East: Bentonite Market 2021

Bentonite Market Size in the Middle East

The Middle Eastern bentonite market shrank dramatically to $X in 2019, waning by -X% against the previous year. In general, consumption, however, posted a prominent increase. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2019, consumption failed to regain the momentum.

Bentonite Production in the Middle East

In value terms, bentonite production reduced to $X in 2019 estimated in export prices. Over the period under review, production, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. The level of production peaked at $X in 2015; however, from 2016 to 2019, production remained at a lower figure.

Production By Country in the Middle East

Turkey (X tons) remains the largest bentonite producing country in the Middle East, accounting for X% of total volume. Moreover, bentonite production in Turkey exceeded the figures recorded by the second-largest producer, Iran (X tons), fourfold.

In Turkey, bentonite production expanded at an average annual rate of +X% over the period from 2007-2019.

Bentonite Exports

Exports in the Middle East

After four years of growth, overseas shipments of bentonite decreased by -X% to X tons in 2019. Overall, exports, however, recorded prominent growth. The growth pace was the most rapid in 2016 when exports increased by X% y-o-y. The volume of export peaked at X tons in 2018, and then shrank in the following year.

In value terms, bentonite exports surged to $X in 2019. Over the period under review, exports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2010 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum in 2019 and are expected to retain growth in the near future.

Exports by Country

Turkey dominates bentonite exports structure, accounting for X tons, which was approx. X% of total exports in 2019. The following exporters - Iran (X tons) and the United Arab Emirates (X tons) - each recorded a X% share of total exports.

Turkey was also the fastest-growing in terms of the bentonite exports, with a CAGR of +X% from 2007 to 2019. At the same time, the United Arab Emirates (+X%) displayed positive paces of growth. By contrast, Iran (-X%) illustrated a downward trend over the same period. Turkey (+X p.p.) significantly strengthened its position in terms of the total exports, while Iran saw its share reduced by -X% from 2007 to 2019, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest bentonite supplier in the Middle East, comprising X% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports.

In Turkey, bentonite exports increased at an average annual rate of +X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: the United Arab Emirates (+X% per year) and Iran (-X% per year).

Export Prices by Country

In 2019, the bentonite export price in the Middle East amounted to $X per ton, surging by X% against the previous year. Export price indicated a strong 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. The most prominent rate of growth was recorded in 2008 when the export price increased by X% y-o-y. Over the period under review, export prices hit record highs in 2019 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was the United Arab Emirates ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Bentonite Imports

Imports in the Middle East

In 2019, supplies from abroad of bentonite decreased by -X% to X tons for the first time since 2016, thus ending a two-year rising trend. Total imports indicated a temperate expansion from 2007 to 2019: its volume 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. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at X tons in 2018, and then declined notably in the following year.

In value terms, bentonite imports fell dramatically to $X in 2019. Total imports indicated a notable expansion from 2007 to 2019: its value 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. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. As a result, imports reached the peak of $X. From 2016 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

Saudi Arabia represented the major importer of bentonite in the Middle East, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2019. Oman (X tons) ranks second in terms of the total imports with a X% share, followed by Israel (X%) and the United Arab Emirates (X%). The following importers - Kuwait (X tons), Qatar (X tons) and Yemen (X tons) - each resulted at an X% share of total imports.

Imports into Saudi Arabia increased at an average annual rate of +X% from 2007 to 2019. At the same time, Oman (+X%), Israel (+X%), Qatar (+X%) and Yemen (+X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +X% from 2007-2019. By contrast, Kuwait (-X%) and the United Arab Emirates (-X%) illustrated a downward trend over the same period. Saudi Arabia (+X p.p.), Oman (+X p.p.) and Israel (+X p.p.) significantly strengthened its position in terms of the total imports, while Kuwait and the United Arab Emirates saw its share reduced by -X% and -X% from 2007 to 2019, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported bentonite in the Middle East, comprising X% of total imports. The second position in the ranking was occupied by Israel ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

From 2007 to 2019, the average annual growth rate of value in Saudi Arabia amounted to +X%. In the other countries, the average annual rates were as follows: Israel (+X% per year) and Oman (+X% per year).

Import Prices by Country

The bentonite import price in the Middle East stood at $X per ton in 2019, rising by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the import price increased by X% year-to-year. As a result, import price reached the peak level of $X per ton. From 2011 to 2019, the growth in terms of the import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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