Scandinavia: Bentonite Market 2022

Bentonite Market Size in Scandinavia

In 2021, the Scandinavia bentonite market increased by 93% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +9.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +98.2% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Bentonite Production in Scandinavia

In value terms, bentonite production contracted to $X in 2021 estimated in export price. The total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +1.0% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 93% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Bentonite Exports

Exports in Scandinavia

After four years of growth, shipments abroad of bentonite decreased by -36.8% to X tons in 2021. In general, exports showed a mild curtailment. The pace of growth appeared the most rapid in 2013 when exports increased by 25% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020, and then contracted remarkably in the following year.

In value terms, bentonite exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 35%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Denmark (X tons) represented the key exporter of bentonite, creating 88% of total exports. It was distantly followed by Sweden (X tons), generating a 10% share of total exports.

Denmark experienced a relatively flat trend pattern with regard to volume of exports of bentonite. Sweden (-7.1%) illustrated a downward trend over the same period. Denmark (+8 p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by -7.9% from 2012 to 2021, respectively.

In value terms, Denmark ($X) remains the largest bentonite supplier in Scandinavia, comprising 81% of total exports. The second position in the ranking was held by Sweden ($X), with a 17% share of total exports.

In Denmark, bentonite exports expanded at an average annual rate of +3.7% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, with an increase of 86% against the previous year. Export price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bentonite export price increased by +90.0% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Sweden ($X per ton), while Denmark totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+8.6%).

Bentonite Imports

Imports in Scandinavia

Bentonite imports skyrocketed to X tons in 2021, growing by 109% on the previous year's figure. Overall, imports posted a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, bentonite imports surged to $X in 2021. Total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +55.9% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Sweden (X tons) represented the major importer of bentonite, achieving 79% of total imports. Finland (X tons) ranks second in terms of the total imports with an 11% share, followed by Denmark (6.8%). Norway (X tons) took a relatively small share of total imports.

Sweden was also the fastest-growing in terms of the bentonite imports, with a CAGR of +25.9% from 2012 to 2021. Finland experienced a relatively flat trend pattern. Norway (-5.8%) and Denmark (-6.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Sweden increased by +54 percentage points.

In value terms, Sweden ($X) constitutes the largest market for imported bentonite in Scandinavia, comprising 57% of total imports. The second position in the ranking was taken by Denmark ($X), with a 20% share of total imports. It was followed by Finland, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden amounted to +10.2%. The remaining importing countries recorded the following average annual rates of imports growth: Denmark (-2.5% per year) and Finland (-2.5% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, falling by -31.4% against the previous year. In general, the import price showed a abrupt setback. The most prominent rate of growth was recorded in 2018 an increase of 6.6% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Denmark ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+4.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

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