Ecuador: Bentonite Market 2021

Bentonite Market Size in Ecuador

The Ecuadorian bentonite market declined significantly to $X in 2019, shrinking by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a measured expansion. The pace of growth was the most pronounced in 2017 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. From 2018 to 2019, the growth of the market failed to regain the momentum.

Bentonite Exports

Exports from Ecuador

In 2019, shipments abroad of bentonite was finally on the rise to reach X tons for the first time since 2016, thus ending a two-year declining trend. In general, exports saw tangible growth. Over the period under review, exports hit record highs at X tons in 2016; however, from 2017 to 2019, exports remained at a lower figure.

In value terms, bentonite exports skyrocketed to $X in 2019. Over the period under review, exports continue to indicate a strong expansion. Ecuador exports peaked at $X in 2016; however, from 2017 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) were the main 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) took a minor share of total exports.

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 U.S. ($X), Turkey ($X) and India ($X) constituted the countries with the highest levels of exports in 2019, with a combined X% share of total exports.

Turkey recorded 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

The bentonite export price in Ecuador stood at $X per ton in 2019, with a decrease of -X% against the previous year. In general, export price indicated resilient growth from 2007 to 2019: its price 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. Based on 2019 figures, bentonite export price decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2008 when the export price increased by X% y-o-y. Over the period under review, export prices hit record highs at $X per ton in 2016; however, from 2017 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 Ecuador

In 2019, bentonite imports into Ecuador declined remarkably to X tons, waning by -X% compared with 2018 figures. Overall, imports, however, enjoyed slight growth. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2019, the growth imports remained at a lower figure.

In value terms, bentonite imports shrank remarkably to $X in 2019. In general, imports, however, showed a pronounced increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2019, the growth imports failed to regain the momentum.

Imports by Country

Germany (X tons), Canada (X tons), Indonesia (X tons), the Netherlands (X tons), Malaysia (X tons), Poland (X tons), Russia (X tons), Saudi Arabia (X tons), Thailand (X tons), the UK (X tons), Japan (X tons) and France (X tons) represented roughly X% of total imports of bentonite in 2019. Italy (X tons) occupied a relatively small share of total imports.

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

In value terms, the largest bentonite importing markets into Ecuador were Germany ($X), Canada ($X) and the Netherlands ($X), together comprising X% of total imports. These countries were followed by Japan, Thailand, France, the UK, Indonesia, Saudi Arabia, Poland, Russia, Malaysia and Italy, which together accounted for a further X saw the highest rates of growth with regard to the value of imports, among 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

In 2019, the bentonite import price in Ecuador amounted to $X per ton, dropping 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 2015 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2016; however, from 2017 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