Global Bentonite Market Slipped Back Slightly to $4.3B - Global Trade Magazine
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  February 7th, 2020 | Written by

Global Bentonite Market Slipped Back Slightly to $4.3B

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  • The average bentonite export price stood at $169 per tonne in 2018, rising by 4.6%.
  • From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Canada.

IndexBox has just published a new report: ‘World – Bentonite – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

The global bentonite market revenue amounted to $4.3B in 2018, going down by -5.1% 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). The market value increased at an average annual rate of +2.9% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global bentonite market attained its peak figure level at $4.5B in 2017, and then declined slightly in the following year.

Consumption By Country

The countries with the highest volumes of bentonite consumption in 2018 were China (5.5M tonnes), the U.S. (2.9M tonnes) and Turkey (2.7M tonnes), with a combined 54% share of global consumption. Germany, Greece, Russia, Japan, Mexico, Brazil, Canada, Iran and Indonesia lagged somewhat behind, together comprising a further 25%.

From 2007 to 2018, the most notable rate of growth in terms of bentonite consumption, amongst the main consuming countries, was attained by Indonesia, while bentonite consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest bentonite markets worldwide were China ($1.1B), the U.S. ($624M) and Turkey ($450M), together accounting for 51% of the global market. Japan, Brazil, Mexico, Germany, Russia, Greece, Canada, Iran and Indonesia lagged somewhat behind, together comprising a further 30%.

In 2018, the highest levels of bentonite per capita consumption was registered in Greece (70 kg per person), followed by Turkey (33 kg per person), Canada (13 kg per person) and Germany (10 kg per person), while the world average per capita consumption of bentonite was estimated at 2.69 kg per person.

Market Forecast 2019-2025

Driven by increasing demand for bentonite worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +2.5% for the period from 2018 to 2030, which is projected to bring the market volume to 28M tonnes by the end of 2030.

Production 2007-2018

Global bentonite production stood at 20M tonnes in 2018, dropping by -3.2% against the previous year. The total output volume increased at an average annual rate of +1.3% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, global bentonite production reached its peak figure volume at 21M tonnes in 2017 and then declined slightly in the following year.

Production By Country

The countries with the highest volumes of bentonite production in 2018 were China (5.6M tonnes), the U.S. (3.7M tonnes) and Turkey (3.1M tonnes), with a combined 62% share of global production.

From 2007 to 2018, the most notable rate of growth in terms of bentonite production, amongst the main producing countries, was attained by Turkey, while bentonite production for the other global leaders experienced more modest paces of growth.

Exports 2007-2018

In 2018, the amount of bentonite exported worldwide totaled 4.7M tonnes, growing by 4.2% against the previous year. The total export volume increased at an average annual rate of +1.2% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The global exports peaked in 2018 and are expected to retain its growth in the near future. In value terms, bentonite exports amounted to $796M (IndexBox estimates) in 2018.

Exports by Country

India (950K tonnes) and the U.S. (845K tonnes) represented the major exporters of bentonite in 2018, recording approx. 20% and 18% of total exports, respectively. Greece (427K tonnes) ranks next in terms of the total exports with a 9.1% share, followed by Turkey (8.2%), Italy (5.8%) and China (5%). Slovakia (210K tonnes), the Czech Republic (164K tonnes), Azerbaijan (148K tonnes), the Netherlands (146K tonnes), Germany (75K tonnes) and Morocco (72K tonnes) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Azerbaijan, while exports for the other global leaders experienced more modest paces of growth.

In value terms, the U.S. ($193M) remains the largest bentonite supplier worldwide, comprising 24% of global exports. The second position in the ranking was occupied by India ($77M), with a 9.7% share of global exports. It was followed by Turkey, with a 8.2% share.

Export Prices by Country

The average bentonite export price stood at $169 per tonne in 2018, rising by 4.6% against the previous year. Over the last eleven years, it increased at an average annual rate of +1.5%.  Over the period under review, the average export prices for bentonite reached their peak figure at $190 per tonne in 2014; however, from 2015 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($350 per tonne), while Azerbaijan ($58 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

Imports 2007-2018

In 2018, the amount of bentonite imported worldwide stood at 5.3M tonnes, standing approx. at the previous year. The total import volume increased at an average annual rate of +2.5% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The global imports peaked at 5.3M tonnes in 2017, leveling off in the following year. In value terms, bentonite imports amounted to $844M (IndexBox estimates) in 2018.

Imports by Country

The imports of the twelve major importers of bentonite, namely Germany, Canada, the Netherlands, Indonesia, Poland, Sweden, South Korea, Malaysia, the UK, Russia, Italy and France, represented more than half of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Indonesia, while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest bentonite importing markets worldwide were Germany ($93M), Canada ($56M) and the Netherlands ($42M), with a combined 23% share of global imports. Indonesia, France, the UK, South Korea, Italy, Sweden, Poland, Malaysia and Russia lagged somewhat behind, together comprising a further 26%.

Import Prices by Country

The average bentonite import price stood at $158 per tonne in 2018, increasing by 3.2% against the previous year. Overall, the bentonite import price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was France ($191 per tonne), while Russia ($91 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Canada, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform