Bentonite Market in Thailand
Market Overview
In 
, the Thai bentonite market decreased by -% to $, falling for the second consecutive year after three years of growth. Overall, consumption, however, posted strong growth. Over the period under review, the market attained the peak level at $ in ; however, from to , consumption failed to regain momentum.
, the Thai bentonite market decreased by -% to $, falling for the second consecutive year after three years of growth. Overall, consumption, however, posted strong growth. Over the period under review, the market attained the peak level at $ in ; however, from to , consumption failed to regain momentum.Consumption
In , consumption of bentonite decreased by -% to tons, falling for the second consecutive year after four years of growth. In general, consumption, however, saw a resilient expansion. Over the period under review, consumption hit record highs at tons in ; however, from to , consumption remained at a lower figure.
The size of the bentonite market in Thailand dropped rapidly to $ in , shrinking by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, enjoyed resilient growth. Over the period under review, the market reached the peak level at $ in ; however, from to , consumption stood at a somewhat lower figure.
, consumption of bentonite decreased by -% to tons, falling for the second consecutive year after four years of growth. In general, consumption, however, saw a resilient expansion. Over the period under review, consumption hit record highs at tons in ; however, from to , consumption remained at a lower figure.The size of the bentonite market in Thailand dropped rapidly to $
in , shrinking by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, enjoyed resilient growth. Over the period under review, the market reached the peak level at $ in ; however, from to , consumption stood at a somewhat lower figure.Market Forecast
Driven by increasing demand for bentonite in Thailand, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Bentonite market in Thailand consists almost entirely of imported products.
Trade Balance
Thailand remains a net importer of bentonite; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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