Azerbaijan: Bentonite Market 2021

Bentonite Market Size in Azerbaijan

In 2019, the Azerbaijani bentonite market increased by X% to $X for the first time since 2013, thus ending a five-year declining trend. Over the period under review, the total consumption indicated a noticeable expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level in 2019 and is likely to see steady growth in the near future.

Bentonite Production in Azerbaijan

In value terms, bentonite production soared to $X in 2019 estimated in export prices. Over the period under review, production posted a resilient expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by X% year-to-year. Azerbaijan production peaked in 2019 and is expected to retain growth in the immediate term.

Bentonite Exports

Exports from Azerbaijan

In 2019, exports of bentonite from Azerbaijan rose markedly to X tons, increasing by X% against the previous year's figure. Overall, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure in 2019 and are likely to see steady growth in years to come.

In value terms, bentonite exports skyrocketed to $X in 2019. In general, exports saw a remarkable increase. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Azerbaijan exports peaked in 2019 and are expected to retain growth in years to come.

Exports by Country

In 2019, India (X tons), distantly followed by the U.S. (X tons), Turkey (X tons), Italy (X tons) and China (X tons) were the major exporters of bentonite, together comprising X% of total exports. Slovakia (X tons), the Czech Republic (X tons), the Netherlands (X tons), Germany (X tons) and Greece (X tons) followed a long way behind the leaders.

From 2007 to 2019, the biggest increases were in Greece, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest bentonite supplying countries from Azerbaijan were the U.S. ($X), Turkey ($X) and India ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Turkey recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the bentonite export price in Azerbaijan amounted to $X per ton, surging by X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2010 an increase of X% year-to-year. Azerbaijan export price peaked at $X per ton in 2013; however, from 2014 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per ton), while Greece ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Turkey, while the other leaders experienced more modest paces of growth.

Bentonite Imports

Imports into Azerbaijan

In 2019, after two years of growth, there was significant decline in overseas purchases of bentonite, when their volume decreased by -X% to X tons. In general, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. Azerbaijan imports peaked at X tons in 2014; however, from 2015 to 2019, imports failed to regain the momentum.

In value terms, bentonite imports shrank to $X in 2019. Over the period under review, imports, however, saw a resilient increase. The growth pace was the most rapid in 2008 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2019, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the twelve major importers of bentonite, namely Germany, Canada, Indonesia, the Netherlands, Malaysia, Poland, Russia, Saudi Arabia, Thailand, the UK, Japan and France, represented more than half of total import. Italy (X tons) followed a long way behind the leaders.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Thailand, while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Canada ($X) and the Netherlands ($X) constituted the countries with the highest levels of imports in 2019, together comprising X% of total imports. Japan, Thailand, France, the UK, Indonesia, Saudi Arabia, Poland, Russia, Malaysia and Italy lagged somewhat behind, together comprising a further X terms of the main importing countries, Thailand recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The bentonite import price in Azerbaijan stood at $X per ton in 2019, with an increase of X% against the previous year. Overall, the import price recorded a remarkable increase. The pace of growth appeared the most rapid in 2015 an increase of X% y-o-y. Azerbaijan import price peaked at $X per ton in 2016; however, from 2017 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Canada, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform