Dominican Republic: Calcium Carbonate Market 2024

Calcium Carbonate Market Size in the Dominican Republic

The Dominican calcium carbonate market soared to $X in 2021, with an increase of 23% against the previous year. In general, consumption, however, saw a abrupt setback. Calcium carbonate consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Calcium Carbonate Production in the Dominican Republic

In value terms, calcium carbonate production dropped significantly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2015 with an increase of 14%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Calcium Carbonate Exports

Exports from the Dominican Republic

In 2021, shipments abroad of calcium carbonate decreased by -7.3% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, total exports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +89.8% against 2017 indices. The growth pace was the most rapid in 2018 when exports increased by 49%. Over the period under review, the exports attained the maximum at X tons in 2020, and then shrank in the following year.

In value terms, calcium carbonate exports surged to $X in 2021. Overall, total exports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +32.0% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 42%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for calcium carbonate exports from the Dominican Republic, with a 75% share of total exports. Moreover, calcium carbonate exports to the United States exceeded the volume sent to the second major destination, Cuba (X tons), threefold. The third position in this ranking was held by El Salvador (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (+5.5% per year) and El Salvador (+259.7% per year).

In value terms, the United States ($X) remains the key foreign market for calcium carbonate exports from the Dominican Republic, comprising 49% of total exports. The second position in the ranking was taken by El Salvador ($X), with a 14% share of total exports. It was followed by Cuba, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+241.0% per year) and Cuba (-4.0% per year).

Export Prices by Country

In 2021, the average calcium carbonate export price amounted to $X per ton, jumping by 49% against the previous year. Over the period under review, the export price, however, saw a mild downturn. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guyana ($X per ton), while the average price for exports to Cuba ($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 Guyana (+10.5%), while the prices for the other major destinations experienced mixed trend patterns.

Calcium Carbonate Imports

Imports into the Dominican Republic

In 2021, the amount of calcium carbonate imported into the Dominican Republic rose modestly to X tons, growing by 3.9% on 2020. In general, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 73% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, calcium carbonate imports dropped dramatically to $X in 2021. Over the period under review, total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -37.6% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of 50%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Vietnam (X tons), Spain (X tons) and Mexico (X tons) were the main suppliers of calcium carbonate imports to the Dominican Republic, together comprising 40% of total imports. China, Greece, Colombia, Egypt and the United States lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +48.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest calcium carbonate suppliers to the Dominican Republic were Vietnam ($X), Spain ($X) and China ($X), with a combined 44% share of total imports. Mexico, Egypt, Colombia, the United States and Greece lagged somewhat behind, together comprising a further 30%.

In terms of the main suppliers, Egypt, with a CAGR of +29.1%, 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

The average calcium carbonate import price stood at $X per ton in 2021, reducing by -19.9% against the previous year. In general, the import price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2015 an increase of 17%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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