The Bentonite market in New Zealand has shown a steady growth trajectory over the past decade. The market value in 2023 stands at 26.998 million USD. Over the last decade, the market has experienced fluctuations with notable peaks, specifically in 2017 and 2019 where year-on-year growth rates spiked to 34.84% and 14.8% respectively. The recent two-year period, 2022-2023, has seen a deceleration in growth, with year-on-year variations of 8.63% and 7.87%. The five-year Compound Annual Growth Rate (CAGR) from 2018 to 2023 averages at 10.27%, indicating sustained market expansion and resilience.
Future trends to watch for include:
- Technological advancements in Bentonite processing and applications.
- Increased demand from the agriculture and construction sectors.
- Environmental regulations driving the need for eco-friendly materials.
| # | 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 |
| 11 | 11 Mexico | 38,597,000 | 2023 | +0.23% | +0.15% | View data |
| 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% | |
| 14 | 14 Denmark | 20,372,000 | 2023 | -1.92% | -1.46% | View data |
| 15 | 15 Uruguay | 7,144,000 | 2023 | +4.09% | +7.33% | View data |
