Bentonite Exports from Australia and Oceania Surge in 2024
Bentonite exports from Australia and Oceania witnessed a surge in 2024, growing by X% to reach X tons. This increase, however, comes after a decade of steady decline since the record high of X tons in 2014. The market's value in 2024 stood at $X.
Australia was the dominant exporter in the region, accounting for X% of total exports. Despite the growth in 2024, overall exports from 2015 to 2024 showed a significant decrease. Consumption of bentonite also saw a setback in 2024, following a peak in 2012 at $X. Production, while rising slightly to $X in 2024, has been on a downward trend since 2013, when it reached its peak at $X. The most notable growth in production was recorded in 2013 at X%. The major players in bentonite imports and exports are China, Japan, South Korea, and New Zealand.
While 2024 saw a positive growth in bentonite exports from Australia and Oceania, the overall trend since 2014 has been one of decline. Both consumption and production have been decreasing, with only a slight increase in production in 2024. The region's bentonite industry faces challenges in regaining its previous momentum.
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