Kazakhstan's Bentonite Industry Sees Sharp Downturn in 2024
Kazakhstan's bentonite industry experienced a significant downturn in 2024. Despite a peak in 2023, exports plummeted to $X, marking a sharp decline. KazBent Export Ltd emerged as the leading exporter during this period.
The bentonite market in Kazakhstan has seen a volatile decade. After peaking in 2013, consumption remained lower until 2024. Imports also followed a declining trend, decreasing by X% to X tons in 2024, marking the third consecutive year of decline. Russia remained the primary destination for Kazakh bentonite exports, with a X% share.
Production in Kazakhstan mirrored the export trend, shrinking to $X in 2024 after a 2023 peak. Russia, also the largest supplier to Kazakhstan, held a X% share of total imports in 2024. The average export price per ton dropped by X% to $X in 2024.
In 2024, the Kazakh bentonite market contracted by X% to $X, ending a two-year growth streak. Exports decreased by X% to X tons, following a record high in 2023. KazBent Export Ltd led the exports during this challenging period.
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