Norway: Bentonite Market 2021

Bentonite Market Size in Norway

The Norwegian bentonite market declined significantly to $X in 2019, reducing by -X% 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). In general, consumption saw a perceptible decline. The most prominent rate of growth was recorded in 2018 when the market value increased by X% y-o-y. Norway consumption peaked at $X in 2013; however, from 2014 to 2019, consumption failed to regain the momentum.

Bentonite Exports

Exports from Norway

In 2019, after four years of decline, there was growth in shipments abroad of bentonite, when their volume increased by X% to X tons. Overall, exports showed a perceptible increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, exports reached the peak of X tons. From 2015 to 2019, the growth exports failed to regain the momentum.

In value terms, bentonite exports stood at $X in 2019. In general, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, exports attained the peak of $X. From 2015 to 2019, the growth exports remained at a lower figure.

Exports by Country

In 2019, India (X tons), distantly followed by the U.S. (X tons), Turkey (X tons), Italy (X tons) and China (X tons) were the major exporters of bentonite, together achieving X% of total exports. Slovakia (X tons), Azerbaijan (X tons), the Czech Republic (X tons), the Netherlands (X tons), Germany (X tons) and Greece (X tons) followed a long way behind the leaders.

From 2007 to 2019, the biggest increases were in Greece, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest bentonite supplying countries from Norway were the U.S. ($X), Turkey ($X) and India ($X), together comprising X% of total exports.

In terms of the main exporting countries, Turkey saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the bentonite export price in Norway amounted to $X per ton, increasing by X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. Norway export price peaked in 2019 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per ton), while Greece ($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 into Norway

Bentonite imports into Norway fell sharply to X tons in 2019, declining by -X% compared with 2018. Overall, imports showed a noticeable reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Norway imports peaked at X tons in 2013; however, from 2014 to 2019, imports failed to regain the momentum.

In value terms, bentonite imports shrank sharply to $X in 2019. In general, imports recorded a slight decrease. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2019, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of bentonite imports in 2019 were Germany (X tons), Canada (X tons), Indonesia (X tons), the Netherlands (X tons), Malaysia (X tons), Poland (X tons), Russia (X tons), Saudi Arabia (X tons), Thailand (X tons), the UK (X tons), Japan (X tons) and France (X tons), together amounting to X% of total import. Italy (X tons) followed a long way behind the leaders.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Thailand, while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Canada ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of imports in 2019, with a combined X% share of total imports. Japan, Thailand, France, the UK, Indonesia, Saudi Arabia, Poland, Russia, Malaysia and Italy lagged somewhat behind, together accounting for a further X recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The bentonite import price in Norway stood at $X per ton in 2019, increasing by X% against the previous year. Over the period under review, import price indicated a noticeable increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, bentonite import price increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs in 2019 and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform