Morocco: Bentonite Market 2024

Bentonite Market Size in Morocco

The Moroccan bentonite market dropped to $X in 2022, which is down by -2.6% against the previous year. Over the period under review, consumption posted a significant expansion. Bentonite consumption peaked at $X in 2021, and then declined in the following year.

Bentonite Production in Morocco

In value terms, bentonite production contracted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2017 when the production volume increased by 103% against the previous year. Bentonite production peaked at $X in 2021, and then fell in the following year.

Bentonite Exports

Exports from Morocco

In 2022, after two years of decline, there was significant decline in overseas shipments of bentonite, when their volume decreased by -93.3% to X tons. In general, exports showed a precipitous curtailment. The growth pace was the most rapid in 2013 with an increase of 21% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, bentonite exports dropped sharply to $X in 2022. Overall, exports recorded a precipitous decrease. The pace of growth was the most pronounced in 2013 with an increase of 27%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Benin (X tons) was the main destination for bentonite exports from Morocco, with a 58% share of total exports. Moreover, bentonite exports to Benin exceeded the volume sent to the second major destination, Mauritania (X tons), threefold. Djibouti (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Benin amounted to +1,176.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (-21.8% per year) and Djibouti (+8,759.1% per year).

In value terms, Benin ($X) emerged as the key foreign market for bentonite exports from Morocco, comprising 58% of total exports. The second position in the ranking was held by Mauritania ($X), with a 27% share of total exports. It was followed by Djibouti, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Benin stood at +1,935.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (-2.8% per year) and Djibouti (+34,078.7% per year).

Export Prices by Country

The average bentonite export price stood at $X per ton in 2022, with an increase of 458% against the previous year. In general, the export price enjoyed significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mauritania ($X per ton), while the average price for exports to Djibouti ($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 Djibouti (+290.2%), while the prices for the other major destinations experienced more modest paces of growth.

Bentonite Imports

Imports into Morocco

In 2022, the amount of bentonite imported into Morocco soared to X tons, rising by 157% against the previous year's figure. Over the period under review, imports posted a tangible increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, bentonite imports soared to $X in 2022. In general, imports saw measured growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Turkey (X tons) constituted the largest bentonite supplier to Morocco, accounting for a 60% share of total imports. Moreover, bentonite imports from Turkey exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. Egypt (X tons) ranked third in terms of total imports with a 7% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey stood at +88.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+29.6% per year) and Egypt (-12.3% per year).

In value terms, Turkey ($X) constituted the largest supplier of bentonite to Morocco, comprising 57% of total imports. The second position in the ranking was held by France ($X), with a 21% share of total imports. It was followed by Italy, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey amounted to +77.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+22.1% per year) and Italy (+11.6% per year).

Import Prices by Country

The average bentonite import price stood at $X per ton in 2022, picking up by 4.9% against the previous year. Overall, the import price showed a mild expansion. The growth pace was the most rapid in 2017 when the average import price increased by 83%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+6.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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