Based on the provided data, Bentonite production in Brazil has shown a general upward trend from 2013 to 2023, with notable fluctuations. In 2023, production stood at 439.08 Thousand Metric Tons. Noteworthy is the dip in 2020, which saw a significant decline of 16.15%, possibly due to external factors like economic downturn or operational disruptions. However, recovery followed with substantial gains in 2021 (+21.68%) and continued modest growth thereafter. The year-on-year variation for 2022 and 2023 was 0.96% and 0.93%, respectively. The Compound Annual Growth Rate (CAGR) from 2018 to 2023 was 0.99%.
Looking ahead, the forecast indicates continued growth in Bentonite production, with an estimated volume of 460.29 Thousand Metric Tons by 2028. The projected 5-year CAGR stands at 0.74% with an anticipated 3.78% growth rate through the same period.
Future trends to watch for include technological advancements in mining, environmental regulations, and global market demand influencing production. Additionally, monitoring the impact of macroeconomic conditions and potential supply chain disruptions will be crucial for accurate forecasting.
