Dominican Republic: Lime Market 2024

Lime Market Size in the Dominican Republic

In 2021, the Dominican lime market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, saw a pronounced descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Lime Production in the Dominican Republic

In value terms, lime production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2018 when the production volume increased by 18% against the previous year. Lime production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Lime Exports

Exports from the Dominican Republic

In 2021, the amount of quicklime, slaked lime and hydraulic lime exported from the Dominican Republic soared to X tons, rising by 67% on the previous year's figure. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2015 with an increase of 303%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, lime exports soared to $X in 2021. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2015 with an increase of 279% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) was the main destination for lime exports from the Dominican Republic, accounting for a 90% share of total exports. Moreover, lime exports to the United States exceeded the volume sent to the second major destination, Suriname (X tons), tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +44.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Suriname (+18.7% per year) and Trinidad and Tobago (-2.9% per year).

In value terms, the United States ($X) remains the key foreign market for quicklime, slaked lime and hydraulic lime exports from the Dominican Republic, comprising 95% of total exports. The second position in the ranking was taken by Suriname ($X), with a 4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +41.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Suriname (+13.2% per year) and Trinidad and Tobago (-11.1% per year).

Export Prices by Country

In 2021, the average lime export price amounted to $X per ton, growing by 10% against the previous year. In general, the export price, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 15% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Suriname ($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 the United States (-2.4%), while the prices for the other major destinations experienced a decline.

Lime Imports

Imports into the Dominican Republic

In 2021, supplies from abroad of quicklime, slaked lime and hydraulic lime decreased by -34.5% to X tons, falling for the fourth year in a row after four years of growth. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 648% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, lime imports contracted notably to $X in 2021. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 779%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Guatemala (X tons) constituted the largest lime supplier to the Dominican Republic, accounting for a 55% share of total imports. Moreover, lime imports from Guatemala exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume from Guatemala amounted to +53.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+111.3% per year) and Germany (+81.2% per year).

In value terms, the United States ($X), Guatemala ($X) and Germany ($X) constituted the largest lime suppliers to the Dominican Republic, together accounting for 85% of total imports. China, Brazil and Spain lagged somewhat behind, together comprising a further 15%.

China, with a CAGR of +94.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average lime import price stood at $X per ton in 2021, with an increase of 18% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Brazil ($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 (+21.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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