Bentonite production in Iran has seen fluctuations over the years. From 2013 to 2023, production varied with notable dips, such as in 2020. In 2023, production stood at approximately 513.59 thousand metric tons. The year-on-year variations indicate stability in recent years with minor growth. Specifically, the last two years saw increases of 2.05% in 2022 and 1.97% in 2023.
Looking at future trends, production from 2024 onward is forecasted to continue growing steadily, reaching around 565.5 thousand metric tons by 2028. The five-year compound annual growth rate (CAGR) indicated a moderate growth rate of 1.52%.
Future trends to watch for:
- Technological advancements in mining and processing
- Global demand fluctuations for bentonite-based products
- Regulatory changes and environmental impacts
- Geopolitical factors affecting trade and production
