Australia and Oceania: Bentonite Market 2024

Bentonite Market Size in Australia and Oceania

The bentonite market in Australia and Oceania rose markedly to $X in 2023, with an increase of X% against the previous year. Over the period under review, consumption, however, saw a perceptible decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Bentonite Production in Australia and Oceania

In value terms, bentonite production amounted to $X in 2023 estimated in export price. In general, production showed a perceptible curtailment. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

Bentonite Exports

Exports in Australia and Oceania

In 2023, the amount of bentonite exported in Australia and Oceania shrank notably to X tons, which is down by X% against 2022. Overall, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, bentonite exports dropped dramatically to $X in 2023. Over the period under review, exports showed a abrupt descent. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Australia dominates exports structure, amounting to X tons, which was near X% of total exports in 2023. New Zealand (X tons) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the bentonite exports, with a CAGR of X% from 2012 to 2023. New Zealand (X%) illustrated a downward trend over the same period. Australia (X p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Australia ($X) remains the largest bentonite supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Australia amounted to X%.

Export Prices by Country

In 2023, the export price in Australia and Oceania amounted to $X per ton, with an increase of X% against the previous year. In general, the export price posted slight growth. The growth pace was the most rapid in 2022 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Bentonite Imports

Imports in Australia and Oceania

For the fifth year in a row, Australia and Oceania recorded decline in purchases abroad of bentonite, which decreased by X% to X tons in 2023. Over the period under review, imports saw a deep reduction. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, bentonite imports declined dramatically to $X in 2023. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of import peaked at $X in 2022, and then dropped rapidly in the following year.

Imports by Country

Australia represented the key importing country with an import of about X tons, which reached X% of total imports. It was distantly followed by New Zealand (X tons), comprising a X% share of total imports. Papua New Guinea (X tons) held a relatively small share of total imports.

Imports into Australia decreased at an average annual rate of X% from 2012 to 2023. At the same time, New Zealand (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2023. By contrast, Papua New Guinea (X%) illustrated a downward trend over the same period. While the share of New Zealand (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Papua New Guinea (X p.p.) and Australia (X p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported bentonite in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in Australia was relatively modest. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and Papua New Guinea (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2023, dropping by X% against the previous year. In general, the import price, however, showed a strong increase. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The level of import peaked at $X per ton in 2022, and then declined remarkably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform