Colombia: Calcium Carbonate Market 2024

Calcium Carbonate Market Size in Colombia

The Colombian calcium carbonate market was finally on the rise to reach $X in 2021, after four years of decline. In general, consumption showed a pronounced setback. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Calcium Carbonate Production in Colombia

In value terms, calcium carbonate production dropped to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 30% against the previous year. Calcium carbonate production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Calcium Carbonate Exports

Exports from Colombia

In 2021, approx. X tons of calcium carbonate were exported from Colombia; growing by 145% against the year before. Overall, exports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2020 with an increase of 194%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, calcium carbonate exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt curtailment. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Costa Rica (X tons) was the main destination for calcium carbonate exports from Colombia, with a 46% share of total exports. Moreover, calcium carbonate exports to Costa Rica exceeded the volume sent to the second major destination, Venezuela (X tons), threefold. Spain (X tons) ranked third in terms of total exports with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume to Costa Rica amounted to +77.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (-18.0% per year) and Spain (+380.6% per year).

In value terms, the largest markets for calcium carbonate exported from Colombia were Venezuela ($X), Costa Rica ($X) and Belgium ($X), together accounting for 63% of total exports. Spain lagged somewhat behind, comprising a further 3.4%.

In terms of the main countries of destination, Spain, with a CAGR of +211.6%, 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 2021, the average calcium carbonate export price amounted to $X per ton, jumping by 16% against the previous year. Overall, the export price, however, recorded a deep setback. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+8.7%), while the prices for the other major destinations experienced mixed trend patterns.

Calcium Carbonate Imports

Imports into Colombia

In 2021, the amount of calcium carbonate imported into Colombia skyrocketed to X tons, increasing by 41% against the previous year. In general, imports continue to indicate a resilient increase. The growth pace was the most rapid in 2016 when imports increased by 78% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, calcium carbonate imports soared to $X in 2021. Overall, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 86%. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

India (X tons), Spain (X tons) and Brazil (X tons) were the main suppliers of calcium carbonate imports to Colombia, with a combined 73% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +82.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Spain ($X) and Vietnam ($X) were the largest calcium carbonate suppliers to Colombia, with a combined 72% share of total imports. Brazil, Germany, the United States, Mexico and Italy lagged somewhat behind, together comprising a further 23%.

In terms of the main suppliers, Brazil, with a CAGR of +74.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average calcium carbonate import price amounted to $X per ton, with a decrease of -11.1% against the previous year. Over the period under review, the import price showed a mild setback. The growth pace was the most rapid in 2018 when the average import price increased by 13% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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