The Bentonite market in Latvia experienced fluctuating growth from 2013 to 2023. In 2023, the market size was valued at 3.4115 million USD with a minor year-on-year increase of 0.65%. This shows a stable but slow growth trend. The compound annual growth rate (CAGR) over the last five years has been slightly negative at -0.043%, reflecting periodic declines and recoveries in market value throughout this period.
Future trends to watch for include:
- Potential market recovery driven by increased industrial applications for Bentonite.
- Changing environmental regulations that might affect mining output and usage guidelines.
- Innovation in applications that could drive demand in new sectors such as green energy and sustainable agriculture.
- Influence of global market trends on local market dynamics, especially in terms of pricing and supply chain impacts.
| # | 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 |
| 15 | 15 Uruguay | 7,144,000 | 2023 | +4.09% | +7.33% | View data |
| 16 | 16 Lithuania | 5,893,900 | 2023 | +2.9% | +3.02% | View data |
| 17 | 17 Latvia | 3,411,500 | 2023 | +0.65% | -0.043% | |
| 18 | 18 Estonia | 2,525,200 | 2023 | +0.25% | +0.032% | View data |
