Turkey - Bentonite - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBentonite Price in Turkey - 2023
Contents:
- Bentonite Price in Turkey (FOB) - 2023
- Bentonite Price in Turkey (CIF) - 2022
- Bentonite Exports in Turkey
- Bentonite Imports in Turkey
Bentonite Price in Turkey (FOB) - 2023
The average bentonite export price stood at $131 per ton in July 2023, which is down by -10.9% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.4%. The pace of growth appeared the most rapid in August 2022 when the average export price increased by 32% against the previous month. The export price peaked at $168 per ton in April 2023; however, from May 2023 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Spain ($329 per ton), while the average price for exports to Poland ($39.0 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.
Bentonite Price in Turkey (CIF) - 2022
The average bentonite import price stood at $437 per ton in 2022, rising by 2.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 32%. As a result, import price reached the peak level of $447 per ton. From 2015 to 2022, the average import prices remained at a 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 the United States ($2,091 per ton), while the price for Georgia ($151 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Bentonite Exports in Turkey
For the fourth year in a row, Turkey recorded growth in overseas shipments of bentonite, which increased by 71% to 1.2M tons in 2022. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, bentonite exports skyrocketed to $147M in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +18.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.4% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Bentonite in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 24.4 | 28.2 | 23.8 | 28.0 | 4.7% |
| Germany | 8.9 | 9.7 | 11.4 | 14.9 | 18.7% |
| Italy | 6.1 | 7.2 | 8.5 | 14.5 | 33.5% |
| France | 4.0 | 3.5 | 5.2 | 10.3 | 37.1% |
| Spain | 2.3 | 2.9 | 4.7 | 7.2 | 46.3% |
| India | 5.7 | 4.6 | 8.2 | 7.0 | 7.1% |
| Algeria | 3.4 | 2.8 | 3.4 | 4.8 | 12.2% |
| Saudi Arabia | 5.2 | 0.5 | 2.6 | 4.6 | -4.0% |
| Israel | 2.6 | 2.9 | 3.2 | 4.4 | 19.2% |
| Egypt | 0.8 | 1.0 | 2.2 | 2.1 | 37.9% |
| Poland | 1.3 | 2.0 | 2.1 | 1.7 | 9.4% |
| Others | 24.7 | 25.6 | 36.1 | 47.6 | 24.4% |
| Total | 89.5 | 90.8 | 111 | 147 | 18.0% |
Top Export Markets for Bentonite from Turkey in 2022:
- Netherlands (283.5K tons)
- Italy (220.5K tons)
- Germany (104.3K tons)
- India (70.0K tons)
- France (61.7K tons)
- Algeria (46.5K tons)
- Spain (42.3K tons)
- Poland (37.4K tons)
- Saudi Arabia (35.0K tons)
- Egypt (21.8K tons)
- Israel (20.2K tons)
Bentonite Imports in Turkey
After three years of growth, overseas purchases of bentonite decreased by -11.9% to 4.9K tons in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +11.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.1% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 26% against the previous year.
In value terms, bentonite imports contracted to $2.1M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +16.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 40%. As a result, imports attained the peak of $2.4M, and then shrank in the following year.
| Import of Bentonite in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 151 | 125 | 232 | 385 | 36.6% |
| Georgia | 0.6 | N/A | 19.5 | 264 | 660.6% |
| South Korea | 3.4 | 87.8 | 353 | 218 | 300.2% |
| Italy | 3.0 | 9.7 | 84.6 | 201 | 306.2% |
| Netherlands | 104 | 115 | 320 | 199 | 24.1% |
| Iran | 16.5 | 16.9 | 55.7 | 189 | 125.4% |
| United States | 246 | 323 | 235 | 183 | -9.4% |
| Brazil | 228 | 378 | 481 | 156 | -11.9% |
| Germany | 184 | 443 | 365 | 150 | -6.6% |
| France | 358 | 78.7 | 17.8 | 97.5 | -35.2% |
| Others | 63.0 | 112 | 206 | 95.1 | 14.7% |
| Total | 1,358 | 1,689 | 2,369 | 2,138 | 16.3% |
Top Suppliers of Bentonite to Turkey in 2022:
- Georgia (1753.0 tons)
- Iran (1143.1 tons)
- China (608.6 tons)
- Netherlands (338.2 tons)
- Brazil (226.6 tons)
- South Korea (200.8 tons)
- Italy (126.6 tons)
- France (120.9 tons)
- United States (87.5 tons)
- Germany (87.0 tons)
This report provides an in-depth analysis of the bentonite market in Turkey. 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:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- 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.
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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
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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
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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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