Latin America and the Caribbean: Calcium Carbonate Market 2024

Calcium Carbonate Market Size in Latin America and the Caribbean

In 2023, the Latin American calcium carbonate market increased by X% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Calcium Carbonate Production in Latin America and the Caribbean

In value terms, calcium carbonate production contracted to $X in 2023 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Calcium Carbonate Exports

Exports in Latin America and the Caribbean

In 2023, overseas shipments of calcium carbonate increased by X% to X tons, rising for the fifth consecutive year after six years of decline. In general, exports, however, saw a pronounced downturn. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, calcium carbonate exports surged to $X in 2023. Over the period under review, exports, however, showed a noticeable downturn. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X tons) and Guatemala (X tons) represented roughly X% of total exports in 2023. Brazil (X tons) held the next position in the ranking, followed by the Dominican Republic (X tons) and Colombia (X tons). All these countries together took approx. X% share of total exports. Argentina (X tons) and Peru (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Guatemala (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Guatemala ($X) and Mexico ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

In terms of the main exporting countries, Guatemala, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Latin America and the Caribbean amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, continues to indicate a slight decrease. Over the period under review, the export prices hit record highs at $X per ton in 2017; however, from 2018 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced a decline in the export price figures.

Calcium Carbonate Imports

Imports in Latin America and the Caribbean

In 2023, imports of calcium carbonate in Latin America and the Caribbean soared to X tons, surging by X% compared with the year before. Over the period under review, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of import peaked in 2023 and is likely to see steady growth in years to come.

In value terms, calcium carbonate imports contracted to $X in 2023. Total imports indicated modest growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked at $X in 2022, and then declined slightly in the following year.

Imports by Country

Chile was the main importer of calcium carbonate in Latin America and the Caribbean, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2023. Brazil (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Mexico (X%), Guatemala (X%), El Salvador (X%) and Ecuador (X%). The Dominican Republic (X tons), Honduras (X tons), Colombia (X tons), Trinidad and Tobago (X tons), Uruguay (X tons), Panama (X tons) and Argentina (X tons) followed a long way behind the leaders.

Imports into Chile increased at an average annual rate of X% from 2012 to 2023. At the same time, Panama (X%), El Salvador (X%), the Dominican Republic (X%), Ecuador (X%), Honduras (X%), Trinidad and Tobago (X%), Brazil (X%), Guatemala (X%), Mexico (X%), Uruguay (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. By contrast, Argentina (X%) illustrated a downward trend over the same period. Chile (X p.p.), Brazil (X p.p.), El Salvador (X p.p.), Ecuador (X p.p.), Panama (X p.p.), the Dominican Republic (X p.p.), Mexico (X p.p.) and Guatemala (X p.p.) significantly strengthened its position in terms of the total imports, while Argentina saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), Chile ($X) and Ecuador ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Guatemala, Argentina, Mexico, Colombia, El Salvador, Trinidad and Tobago, Panama, the Dominican Republic, Honduras and Uruguay lagged somewhat behind, together comprising a further X%.

Panama, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Latin America and the Caribbean amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price continues to indicate a deep downturn. The pace of growth was the most pronounced in 2022 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Argentina ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform