Canada's Bentonite Industry Sees Major Shifts from 2012 to 2024
Canada's bentonite industry has seen significant shifts from 2012 to 2024. Total consumption grew at an average annual rate, while exports surged, particularly to the United States, Mexico, and China. However, production and imports declined in 2024, leading to a decrease in market value.
Over the twelve-year period, Canada's bentonite consumption increased steadily. The United States remained the largest supplier, accounting for X% of total imports. In 2024, the average export price stood at $X per ton, down by X% year-on-year, with key markets including the United States, Poland, and Belgium, which together made up X% of total exports.
Production in Canada, however, contracted to $X in 2024, marking a significant downturn. Despite this, exports increased by X% to X tons, rising for the second consecutive year. This growth was driven by strong demand from the United States and other key markets. Conversely, imports into Canada decreased by X% to X tons, falling for the second year in a row, with the average import price surging by X% to $X per ton.
In 2024, the Canadian bentonite market value decreased by X% to $X, following three years of growth. This decline can be attributed to the decrease in production and imports, despite increased exports. Bentonite consumption in Canada peaked at $X in 2023 before declining in 2024, reflecting the overall shifts in the market.
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