Singapore: Bentonite Market 2021

Bentonite Market Size in Singapore

The Singaporean bentonite market soared to $X in 2019, growing 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 enjoyed prominent growth. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, the market reached the maximum level in 2019 and is likely to see steady growth in the immediate term.

Bentonite Exports

Exports from Singapore

In 2019, shipments abroad of bentonite decreased by -X% to X tons, falling for the sixth consecutive year after three years of growth. Overall, exports saw a drastic downturn. The pace of growth was the most pronounced in 2011 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure at X tons in 2013; however, from 2014 to 2019, exports remained at a lower figure.

In value terms, bentonite exports reduced rapidly to $X in 2019. Over the period under review, exports saw a pronounced decline. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at $X in 2013; however, from 2014 to 2019, exports stood at a somewhat lower figure.

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 making up 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) occupied a little share of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the key 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 Singapore were the U.S. ($X), Turkey ($X) and India ($X), together accounting for X% of total exports.

Turkey saw the highest rates of growth with regard to the value of exports, in terms of 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 Singapore amounted to $X per ton, falling by -X% against the previous year. Over the period under review, export price indicated a tangible expansion 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 increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2010 an increase of X% against the previous year. Over the period under review, export prices hit record highs at $X per ton in 2018, and then contracted in the following year.

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 Singapore

After two years of decline, purchases abroad of bentonite increased by X% to X tons in 2019. Over the period under review, imports enjoyed notable growth. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2019, imports remained at a lower figure.

In value terms, bentonite imports soared to $X in 2019. In general, total imports indicated a moderate increase 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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) 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 Singapore were Germany ($X), Canada ($X) and the Netherlands ($X), with a combined X% share 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 growth rate of 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

In 2019, the bentonite import price in Singapore amounted to $X per ton, rising by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the import price increased by X% y-o-y. As a result, import price reached the peak level of $X per ton. From 2011 to 2019, the growth in terms of the import prices failed to regain the momentum.

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