Tunisia: Bentonite Market 2024

Bentonite Market Size in Tunisia

The Tunisian bentonite market rose to $X in 2022, increasing by 4% 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). Over the period under review, consumption continues to indicate a buoyant increase. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Bentonite Exports

Exports from Tunisia

Bentonite exports from Tunisia soared to X tons in 2022, with an increase of 48% on 2021. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 5,737% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, bentonite exports soared to $X in 2022. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 1,913%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Algeria (X tons) was the main destination for bentonite exports from Tunisia, accounting for a 72% share of total exports. Moreover, bentonite exports to Algeria exceeded the volume sent to the second major destination, the United States (X tons), fourfold. Burkina Faso (X tons) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Algeria stood at +100.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+33.9% per year) and Burkina Faso (+117.7% per year).

In value terms, Algeria ($X) remains the key foreign market for bentonite exports from Tunisia, comprising 48% of total exports. The second position in the ranking was taken by Burkina Faso ($X), with a 13% share of total exports. It was followed by the United States, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Algeria amounted to +44.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (+64.7% per year) and the United States (+27.4% per year).

Export Prices by Country

The average bentonite export price stood at $X per ton in 2022, falling by -4.7% against the previous year. In general, the export price recorded a abrupt contraction. The pace of growth was the most pronounced in 2018 an increase of 358% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while the average price for exports to the United States ($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 the United States (-4.9%), while the prices for the other major destinations experienced a decline.

Bentonite Imports

Imports into Tunisia

In 2022, approx. X tons of bentonite were imported into Tunisia; picking up by 11% compared with the year before. In general, imports recorded resilient growth. The pace of growth appeared the most rapid in 2017 when imports increased by 127%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, bentonite imports stood at $X in 2022. Over the period under review, imports recorded a remarkable increase. The growth pace was the most rapid in 2017 when imports increased by 133% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Greece (X tons) constituted the largest supplier of bentonite to Tunisia, accounting for a 73% share of total imports. Moreover, bentonite imports from Greece exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. The third position in this ranking was held by Belgium (X tons), with a 2.4% share.

From 2012 to 2022, the average annual growth rate of volume from Greece totaled +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+9.5% per year) and Belgium (0.0% per year).

In value terms, Greece ($X), Turkey ($X) and France ($X) were the largest bentonite suppliers to Tunisia, together comprising 64% of total imports.

In terms of the main suppliers, France, with a CAGR of +27.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bentonite import price stood at $X per ton in 2022, reducing by -9.2% against the previous year. Overall, the import price, however, showed a pronounced expansion. The pace of growth was the most pronounced in 2019 when the average import price increased by 112%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform