Qatar's Bentonite Market Sees Price Surge Despite Import Decline
Bentonite imports to Qatar experienced a notable shift in recent years. After peaking in 2015, both volume and value of imports stagnated until 2024. Meanwhile, prices surged, with India becoming the largest supplier.
In 2024, Qatar's bentonite market size reached $X, up X% from the previous year. However, imports decreased by X% to X tons, following a decline since 2016, despite a peak of X tons in 2015. The average import price surged to $X per ton, up X% year-on-year, with India being the largest supplier at X% share.
India's bentonite exports to Qatar grew at an average annual rate of X% from 2012 to 2024. Yet, the average import price from India was the lowest at $X per ton in 2024, while Turkey had the highest at $X per ton. The overall average import price increased at an average annual rate of X% from 2012 to 2024.
Despite a decline in volume and stagnation in momentum since 2016, Qatar's bentonite market size grew in 2024. India remained the largest supplier, but prices varied significantly by country of origin. The average import price surged, indicating potential market shifts in the coming years.
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