Venezuela: Bentonite Market 2024

Bentonite Market Size in Venezuela

The Venezuelan bentonite market rose significantly to $X in 2022, surging by 14% 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, however, continues to indicate a dramatic setback. Bentonite consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Bentonite Exports

Exports from Venezuela

In 2022, the amount of bentonite exported from Venezuela totaled X tons, increasing by 1.7% on 2021 figures. The total export volume increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by 45% against the previous year. 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 stood at $X in 2022. Overall, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +10.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -0.4% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 57% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X tons) was the main destination for bentonite exports from Venezuela, with a 92% share of total exports. Moreover, bentonite exports to Colombia exceeded the volume sent to the second major destination, the Netherlands (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Colombia stood at +2.8%.

In value terms, Colombia ($X) remains the key foreign market for bentonite exports from Venezuela, comprising 58% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Colombia amounted to +5.7%.

Export Prices by Country

In 2022, the average bentonite export price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bentonite export price decreased by -4.0% against 2019 indices. The growth pace was the most rapid in 2019 an increase of 13%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Colombia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+2.9%).

Bentonite Imports

Imports into Venezuela

Bentonite imports into Venezuela amounted to X tons in 2022, with an increase of 12% against the previous year. In general, imports, however, saw a dramatic contraction. The growth pace was the most rapid in 2020 when imports increased by 66%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, bentonite imports expanded sharply to $X in 2022. Overall, imports, however, continue to indicate a sharp slump. The pace of growth was the most pronounced in 2020 with an increase of 79% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Mexico (X tons), Bolivia (X tons) and China (X tons) were the main suppliers of bentonite imports to Venezuela, with a combined 64% share of total imports. Brazil, Peru, the United States, Argentina, Spain, India, Turkey, Canada, Panama and Colombia lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +101.3%), while purchases for the other leaders experienced a decline.

In value terms, the largest bentonite suppliers to Venezuela were Bolivia ($X), Mexico ($X) and the United States ($X), together comprising 60% of total imports. Colombia, Argentina, Turkey, Brazil, China, Canada, Spain, Panama, India and Peru lagged somewhat behind, together comprising a further 23%.

Turkey, with a CAGR of +113.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average bentonite import price amounted to $X per ton, surging by 1.6% against the previous year. Over the period under review, the import price, however, recorded a mild descent. The pace of growth appeared the most rapid in 2015 when the average import price increased by 28% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices stood 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 Colombia ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+29.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :