The Bentonite market size in Mexico displayed fluctuations between 2012 and 2022, with significant price variations. The year-on-year variations between 2021 and 2022 showed a combined 21.01% increase, adhering to an average annual growth rate (CAGR) of 2.54% over the past five years. The market suffered substantial drops in 2016 and 2020 but gained momentum afterward, particularly in 2021 with a notable 20.77% rise from the previous year.
Future trends to watch for include technological advancements in bentonite applications and potential supply chain improvements, which could stabilize prices further. Additionally, increasing industrial demand and environmental regulations might drive market growth.
| # | 18 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 281,870,000 | 2023 | -0.11% | +0.066% | View data |
| 2 | 2 Japan | 180,040,000 | 2023 | -2.07% | -1.07% | View data |
| 3 | 3 France | 118,550,000 | 2023 | -1.62% | -2.62% | View data |
| 4 | 4 Italy | 115,620,000 | 2023 | +1.13% | -2.78% | View data |
| 5 | 5 South Korea | 87,084,000 | 2023 | +1.86% | +3% | View data |
| 9 | 9 Australia | 44,150,000 | 2023 | -1.56% | -0.58% | View data |
| 10 | 10 South Africa | 40,567,000 | 2023 | +1.27% | +0.87% | View data |
| 11 | 11 Mexico | 38,597,000 | 2023 | +0.23% | +0.15% | |
| 12 | 12 Belgium | 31,296,000 | 2023 | +0.48% | +1.55% | View data |
| 13 | 13 New Zealand | 26,998,000 | 2023 | +7.87% | +10.27% | View data |
