South-Eastern Asia: Bentonite Market 2024

Bentonite Market Size in South-Eastern Asia

The Southeast Asian bentonite market amounted to $X in 2022, with an increase of 5.5% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.9% 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 +12.7% against 2016 indices. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Bentonite Production in South-Eastern Asia

In value terms, bentonite production reached $X in 2022 estimated in export price. In general, production saw a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of 6.5% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Bentonite Exports

Exports in South-Eastern Asia

In 2022, the amount of bentonite exported in South-Eastern Asia skyrocketed to X tons, rising by 29% compared with 2021 figures. The total export volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, bentonite exports expanded to $X in 2022. The total export value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 18%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Malaysia (X tons) represented the largest exporter of bentonite, creating 61% of total exports. Thailand (X tons) took the second position in the ranking, followed by Indonesia (X tons) and Singapore (X tons). All these countries together took approx. 38% share of total exports.

Malaysia was also the fastest-growing in terms of the bentonite exports, with a CAGR of +14.1% from 2012 to 2022. Indonesia (-3.9%), Thailand (-6.5%) and Singapore (-7.3%) illustrated a downward trend over the same period. While the share of Malaysia (+43 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Indonesia (-7.3 p.p.), Singapore (-13.4 p.p.) and Thailand (-21.3 p.p.) displayed negative dynamics.

In value terms, Malaysia ($X) remains the largest bentonite supplier in South-Eastern Asia, comprising 52% of total exports. The second position in the ranking was taken by Thailand ($X), with a 21% share of total exports. It was followed by Singapore, with a 17% share.

From 2012 to 2022, the average annual growth rate of value in Malaysia totaled +21.6%. In the other countries, the average annual rates were as follows: Thailand (-2.2% per year) and Singapore (-4.5% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, declining by -20.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2021 when the export price increased by 57% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank sharply in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+6.6%), while the other leaders experienced more modest paces of growth.

Bentonite Imports

Imports in South-Eastern Asia

In 2022, bentonite imports in South-Eastern Asia stood at X tons, picking up by 4.8% on 2021. Total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -12.8% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 61%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, bentonite imports totaled $X in 2022. Total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.6% 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 +14.3% against 2016 indices. The pace of growth was the most pronounced in 2013 with an increase of 23% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Indonesia (X tons) and Malaysia (X tons) represented the main importers of bentonite in 2022, amounting to approx. 39% and 28% of total imports, respectively. Thailand (X tons) took the next position in the ranking, distantly followed by Vietnam (X tons) and Singapore (X tons). All these countries together took near 29% share of total imports. The Philippines (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +24.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Indonesia ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2022, together accounting for 67% of total imports. Vietnam, Singapore and the Philippines lagged somewhat behind, together comprising a further 32%.

The Philippines, with a CAGR of +21.6%, saw 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

In 2022, the import price in South-Eastern Asia amounted to $X per ton, which is down by -1.7% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 33%. As a result, import price reached the peak level of $X per ton, and then reduced slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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