Dominican Republic: Lime Market 2025

Lime Market Size in the Dominican Republic

The Dominican lime market soared to $X in 2021, surging by 24% against the previous year. In general, consumption saw a significant increase. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in years to come.

Lime Production in the Dominican Republic

In value terms, lime production stood at $X in 2021 estimated in export price. Overall, production showed a noticeable slump. The pace of growth was the most pronounced in 2018 when the production volume increased by 12%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Lime Exports

Exports from the Dominican Republic

For the fifth consecutive year, the Dominican Republic recorded growth in shipments abroad of lime, which increased by 65% to X tons in 2021. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 329%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, lime exports soared to $X in 2021. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 279%. Over the period under review, the exports reached the peak figure 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 lime exports from the Dominican Republic, accounting for a 93% share of total exports. Moreover, lime exports to the United States exceeded the volume sent to the second major destination, Suriname (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +38.5%.

In value terms, the United States ($X) remains the key foreign market for lime exports from the Dominican Republic, comprising 96% of total exports. The second position in the ranking was held by Suriname ($X), with a 3.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +34.9%.

Export Prices by Country

In 2021, the average lime export price amounted to $X per ton, surging by 11% against the previous year. In general, the export price, however, recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2016 when the average export price increased by 17%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Suriname amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Suriname (+1.0%).

Lime Imports

Imports into the Dominican Republic

Lime imports into the Dominican Republic skyrocketed to X tons in 2021, picking up by 33% compared with 2020 figures. Overall, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 981% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, lime imports soared to $X in 2021. Over the period under review, imports posted a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 1,268%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Mexico (X tons) constituted the largest lime supplier to the Dominican Republic, accounting for a 70% share of total imports. Moreover, lime imports from Mexico exceeded the figures recorded by the second-largest supplier, Colombia (X tons), threefold. Portugal (X tons) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Mexico stood at +103.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+53.2% per year) and Portugal (+51.2% per year).

In value terms, Mexico ($X) constituted the largest supplier of lime to the Dominican Republic, comprising 67% of total imports. The second position in the ranking was taken by Colombia ($X), with a 23% share of total imports. It was followed by Portugal, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value from Mexico stood at +98.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+58.7% per year) and Portugal (+54.5% per year).

Import Prices by Country

In 2021, the average lime import price amounted to $X per ton, shrinking by -4% against the previous year. Over the period under review, the import price, however, saw mild growth. The most prominent rate of growth was recorded in 2019 an increase of 26% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Spain ($X per ton) and Colombia ($X per ton), while the price for Mexico ($X per ton) and Portugal ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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