The Bentonite market in Uruguay has demonstrated a steady growth trajectory over the past decade, rising from USD 3.5494 million in 2013 to USD 7.144 million in 2023. The market's value in 2023 highlights a consistent upward trend with some minor fluctuations. Year-on-year growth rates have varied, with notable increases in 2018 (18.49%) and 2019 (14.72%), while the most recent increase in 2023 was 4.09%. The five-year CAGR indicates a stable average annual growth, standing at 7.33% for the period ending in 2023.
Future trends to watch for include advancements in environmentally-friendly processing technologies and increased demand from expanding industries such as agriculture and construction. Additionally, regulatory changes and shifts in global supply chains may impact the market's growth trajectory.
| # | 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 |
| 13 | 13 New Zealand | 26,998,000 | 2023 | +7.87% | +10.27% | View data |
| 14 | 14 Denmark | 20,372,000 | 2023 | -1.92% | -1.46% | View data |
| 15 | 15 Uruguay | 7,144,000 | 2023 | +4.09% | +7.33% | |
| 16 | 16 Lithuania | 5,893,900 | 2023 | +2.9% | +3.02% | View data |
| 17 | 17 Latvia | 3,411,500 | 2023 | +0.65% | -0.043% | View data |
