Iraq: Bentonite Market 2021

Bentonite Market Size in Iraq

In 2019, the Iraqi bentonite market increased by X% to $X, rising for the fourth consecutive year after two years of decline. Overall, consumption continues to indicate a significant increase. The most prominent rate of growth was recorded in 2010 when the market value increased by X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2013; afterwards, it flattened through to 2019.

Bentonite Production in Iraq

In value terms, bentonite production skyrocketed to $X in 2019 estimated in export prices. In general, production continues to indicate significant growth. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. Over the period under review, production hit record highs in 2019 and is likely to continue growth in the near future.

Bentonite Exports

Exports from Iraq

In 2019, approx. X tons of bentonite were exported from Iraq; standing approx. at 2018 figures. Over the period under review, exports enjoyed significant growth. Iraq exports peaked in 2019 and are expected to retain growth in years to come.

In value terms, bentonite exports totaled $X in 2019. Overall, exports saw a significant increase. Iraq exports peaked in 2019 and are likely to see gradual growth in the near future.

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 mixing up X% of total exports. The following exporters - Slovakia (X tons), Azerbaijan (X tons), the Czech Republic (X tons), the Netherlands (X tons), Germany (X tons) and Greece (X tons) - together made up X% of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Greece, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest bentonite supplying countries from Iraq were the U.S. ($X), Turkey ($X) and India ($X), together accounting for X% of total exports.

Among the main exporting countries, Turkey saw the highest rates of growth with regard to 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 Iraq amounted to $X per ton, approximately equating the previous year. Over the period under review, the export price continues to indicate a abrupt setback. Iraq export price peaked at $X per ton in 2015; however, from 2016 to 2019, export prices remained at a lower figure.

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

Bentonite imports into Iraq dropped markedly to X tons in 2019, shrinking by -X% on 2018 figures. Over the period under review, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Iraq imports peaked at X tons in 2015; however, from 2016 to 2019, imports stood at a somewhat lower figure.

In value terms, bentonite imports declined remarkably to $X in 2019. In general, imports, however, posted buoyant growth. The pace of growth was the most pronounced in 2010 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2019, imports remained at a 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 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) appeared to be the countries with the highest levels of imports in 2019, together accounting for 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 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 Iraq stood at $X per ton in 2019, reducing by -X% against the previous year. Overall, the import price continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2010 an increase of X% year-to-year. Over the period under review, import prices attained 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