Philippines' Bentonite Exports Surge in 2024, Led by India
Bentonite exports from the Philippines saw a significant surge in 2024, with India as the primary destination. The total value of exports reached $X, marking a substantial increase overall.
In volume terms, bentonite exports rose by X% to X kg in 2024, extending a streak of four consecutive years of growth. Meanwhile, the Philippine bentonite market's sales value climbed by X% to $X, indicating the eighth consecutive year of growth.
Despite the robust export figures, specific data on Philippine companies exporting bentonite to Spain was not available. Major Spanish ports handle extensive container cargo, but they do not specify bentonite importers or Philippine exporters. No direct supplier names or export company details were found in the provided sources.
On the import side, bentonite imports into the Philippines surged to $X in 2024, with a significant increase overall. China was the leading supplier, accounting for a X% share of total imports. Bentonite consumption in the Philippines also demonstrated strong expansion over the review period, with imports rising by X% to X tons in 2024, the eighth consecutive year of growth.
The average bentonite export price from the Philippines stood at $X per ton in 2024, declining by X% compared to the previous year. However, bentonite production in the Philippines dropped to $X in 2024, showing a notable decrease in value terms.
The Philippine bentonite industry experienced mixed fortunes in 2024, with robust export growth to India and a significant increase in imports from China, despite a decline in production and export prices. The market's strong domestic consumption and export potential remain evident.
