Portugal: Bentonite Market 2024

Bentonite Market Size in Portugal

For the third year in a row, the Portuguese bentonite market recorded growth in sales value, which increased by 31% to $X in 2022. Over the period under review, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +43.0% against 2018 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Bentonite Exports

Exports from Portugal

In 2022, the amount of bentonite exported from Portugal rose remarkably to X tons, increasing by 11% on the year before. In general, exports, however, faced a sharp downturn. The pace of growth was the most pronounced in 2019 with an increase of 55%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, bentonite exports skyrocketed to $X in 2022. Overall, exports, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 72% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Angola (X tons) was the main destination for bentonite exports from Portugal, with a 51% share of total exports. Moreover, bentonite exports to Angola exceeded the volume sent to the second major destination, Spain (X tons), threefold. The third position in this ranking was held by Dominica (X tons), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Angola totaled -23.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-22.9% per year) and Dominica (0.0% per year).

In value terms, Angola ($X) remains the key foreign market for bentonite exports from Portugal, comprising 48% of total exports. The second position in the ranking was held by Dominica ($X), with a 16% share of total exports. It was followed by Ghana, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Angola totaled -20.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Dominica (0.0% per year) and Ghana (+25.6% per year).

Export Prices by Country

The average bentonite export price stood at $X per ton in 2022, picking up by 33% against the previous year. Overall, the export price posted a resilient increase. The most prominent rate of growth was recorded in 2021 an increase of 187%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ghana ($X per ton), while the average price for exports to Spain ($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 Ghana (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Bentonite Imports

Imports into Portugal

In 2022, the amount of bentonite imported into Portugal soared to X tons, jumping by 21% on 2021. Over the period under review, total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +3.0% 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 +30.2% against 2018 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 24%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, bentonite imports skyrocketed to $X in 2022. In general, total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.2% 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 +41.3% against 2018 indices. 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 Portugal, with a 48% share of total imports. Moreover, bentonite imports from Turkey exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. Poland (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey amounted to +66.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-10.3% per year) and Poland (+80.8% per year).

In value terms, Turkey ($X) constituted the largest supplier of bentonite to Portugal, comprising 43% of total imports. The second position in the ranking was taken by Poland ($X), with a 17% share of total imports. It was followed by Spain, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey totaled +67.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+40.6% per year) and Spain (-10.2% per year).

Import Prices by Country

The average bentonite import price stood at $X per ton in 2022, growing by 8.6% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 9.9% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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