Bulgaria: Bentonite Market 2021

Bentonite Market Size in Bulgaria

For the third consecutive year, the Bulgarian bentonite market recorded growth in sales value, which increased by X% to $X in 2019. In general, consumption, however, faced a abrupt decline. The growth pace was the most rapid in 2017 when the market value increased by X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.

Bentonite Production in Bulgaria

In value terms, bentonite production contracted slightly to $X in 2019 estimated in export prices. Over the period under review, production, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, production reached the peak level at $X in 2007; however, from 2008 to 2019, production remained at a lower figure.

Bentonite Exports

Exports from Bulgaria

Bentonite exports from Bulgaria soared to X tons in 2019, jumping by X% against 2018 figures. Over the period under review, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2012 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at X tons in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, bentonite exports declined rapidly to $X in 2019. Overall, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. Bulgaria exports peaked at $X in 2008; however, from 2009 to 2019, exports failed to regain the momentum.

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) represented the largest exporters of bentonite, together committing X% of total exports. Slovakia (X tons), Azerbaijan (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 Bulgaria were the U.S. ($X), Turkey ($X) and India ($X), together comprising X% of total exports.

Turkey saw the highest growth rate of the value of exports, among the main exporting countries 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 Bulgaria amounted to $X per ton, reducing by -X% against the previous year. Over the period under review, the export price saw a slight setback. The pace of growth appeared the most rapid in 2014 when the export price increased by X% year-to-year. Over the period under review, export prices reached the maximum at $X per ton in 2011; however, from 2012 to 2019, export prices failed to regain the momentum.

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 Bulgaria

In 2019, supplies from abroad of bentonite decreased by -X% to X tons, falling for the second year in a row after two years of growth. In general, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure.

In value terms, bentonite imports dropped to $X in 2019. Over the period under review, imports, however, posted a notable increase. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 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) took a relatively small share of total imports.

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

In value terms, the largest bentonite importing markets into Bulgaria were Germany ($X), Canada ($X) and the Netherlands ($X), with a combined X% share of total imports. Japan, Thailand, France, the UK, Indonesia, Saudi Arabia, Poland, Russia, Malaysia and Italy lagged somewhat behind, together comprising a further X recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 Bulgaria stood at $X per ton in 2019, reducing by -X% against the previous year. Over the period under review, the import price continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2008 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, 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