Northern America: Bentonite Market 2024

Bentonite Market Size in Northern America

In 2022, after two years of growth, there was decline in the North American bentonite market, when its value decreased by -1.6% to $X. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The level of consumption peaked at $X in 2021, and then fell slightly in the following year.

Bentonite Production in Northern America

In value terms, bentonite production dropped slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 17%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Bentonite Exports

Exports in Northern America

In 2022, shipments abroad of bentonite decreased by -3.7% to X tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2017 with an increase of 10%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, bentonite exports stood at $X in 2022. The total export value increased at an average annual rate of +1.0% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 15% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, the United States (X tons) was the main exporter of bentonite in Northern America, mixing up 99% of total export.

The United States was also the fastest-growing in terms of the bentonite exports, with a CAGR of -2.2% from 2012 to 2022. The United States (+4 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest bentonite supplier in Northern America.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +1.8%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, with an increase of 5.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2020 when the export price increased by 13%. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +4.1% per year.

Bentonite Imports

Imports in Northern America

In 2022, purchases abroad of bentonite increased by 15% to X tons, rising for the sixth year in a row after four years of decline. The total import volume increased at an average annual rate of +2.5% 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 2017 when imports increased by 17%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, bentonite imports expanded markedly to $X in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.6% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 30%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Canada prevails in imports structure, accounting for X tons, which was approx. 96% of total imports in 2022. The United States (X tons) followed a long way behind the leaders.

Imports into Canada increased at an average annual rate of +2.1% from 2012 to 2022. At the same time, the United States (+16.3%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing importer imported in Northern America, with a CAGR of +16.3% from 2012-2022. The United States (+3.2 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -3.2% from 2012 to 2022, respectively.

In value terms, Canada ($X) constitutes the largest market for imported bentonite in Northern America, comprising 87% of total imports. The second position in the ranking was taken by the United States ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Canada stood at +6.0%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of +3.8%. The pace of growth was the most pronounced in 2016 an increase of 18% against the previous year. The level of import peaked at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.7%).

Source: IndexBox Platform

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