Philippines - Bentonite - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBentonite Price in the Philippines - 2023
Contents:
- Bentonite Price in the Philippines (CIF) - 2023
- Bentonite Price in the Philippines (FOB) - 2022
- Bentonite Imports in the Philippines
- Bentonite Exports in the Philippines
Bentonite Price in the Philippines (CIF) - 2023
In June 2023, the average bentonite import price amounted to $220 per ton, reducing by -23.7% against the previous month. Overall, the import price recorded a slight decline. The pace of growth was the most pronounced in March 2023 when the average import price increased by 28% month-to-month. As a result, import price attained the peak level of $322 per ton. From April 2023 to June 2023, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the country with the highest price was China ($216 per ton), while the price for India totaled $149 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (-0.7%).
Bentonite Price in the Philippines (FOB) - 2022
The average bentonite export price stood at $37,083 per ton in 2022, rising by 6,622% against the previous year. In general, the export price showed a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($1,897,852 per ton), while the average price for exports to South Korea ($5,339 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 Indonesia (+88.3%), while the prices for the other major destinations experienced more modest paces of growth.
Bentonite Imports in the Philippines
For the fourth consecutive year, the Philippines recorded growth in overseas purchases of bentonite, which increased by 54% to 37K tons in 2022. In general, imports showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 91%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, bentonite imports surged to $9.4M in 2022. Overall, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 110% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Bentonite in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.7 | 1.4 | 3.4 | 5.6 | 100.0% |
| India | 0.6 | 0.3 | 0.9 | 1.4 | 32.6% |
| Brazil | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Others | 1.3 | 0.9 | 1.3 | 2.1 | 17.3% |
| Total | 2.7 | 2.7 | 5.7 | 9.4 | 51.6% |
Top Suppliers of Bentonite to the Philippines in 2022:
- China (24.6K tons)
- India (8.1K tons)
- Brazil (1.0K tons)
Bentonite Exports in the Philippines
In 2022, overseas shipments of bentonite decreased by -99.9% to 12 kg, falling for the second consecutive year after two years of growth. Overall, exports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 1.5%. As a result, the exports reached the peak of 14 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, bentonite exports shrank sharply to $445 in 2022. In general, exports recorded a dramatic descent. The pace of growth appeared the most rapid in 2020 when exports increased by 1.5% against the previous year. As a result, the exports attained the peak of $7.5K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Bentonite in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 2.6 | 5.9 | 5.8 | 0.3 | -51.3% |
| Indonesia | 0.3 | 0.8 | 0.8 | 0.1 | -30.7% |
| China | 0.4 | 0.9 | 0.9 | 0.1 | -37.0% |
| South Korea | N/A | N/A | N/A | N/A | 0% |
| India | N/A | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | 4.2 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.4 | 7.5 | 7.5 | 0.4 | -62.2% |
Top Export Markets for Bentonite from the Philippines in 2022:
- Singapore (12.0 kg)
- India (1.0 kg)
- South Korea (1.0 kg)
- Indonesia (1.0 kg)
- China (1.0 kg)
This report provides an in-depth analysis of the bentonite market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 08122210 - Bentonite
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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