Ecuador: Lime Market 2025

Lime Market Size in Ecuador

In 2021, the Ecuadorian lime market decreased by -33.1% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption showed a noticeable downturn. Over the period under review, the market reached the maximum level at $X in 2020, and then contracted remarkably in the following year.

Lime Production in Ecuador

In value terms, lime production rose markedly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a deep slump. The most prominent rate of growth was recorded in 2015 when the production volume increased by 50% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Lime Exports

Exports from Ecuador

In 2021, the amount of quicklime, slaked lime and hydraulic lime exported from Ecuador plummeted to X tons, with a decrease of -81.1% compared with the year before. Overall, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 4,188% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, lime exports dropped significantly to $X in 2021. Over the period under review, exports, however, recorded a prominent expansion. The growth pace was the most rapid in 2013 when exports increased by 1,045% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Panama (X tons) was the main destination for lime exports from Ecuador, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Panama was relatively modest.

In value terms, Panama ($X) emerged as the key foreign market for quicklime, slaked lime and hydraulic lime exports from Ecuador.

From 2012 to 2021, the average annual growth rate of value to Panama was relatively modest.

Export Prices by Country

The average lime export price stood at $X per ton in 2021, jumping by 328% against the previous year. Overall, the export price enjoyed measured growth. The growth pace was the most rapid in 2014 an increase of 350% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Panama.

From 2012 to 2021, the rate of growth in terms of prices for Chile amounted to +240.5% per year.

Lime Imports

Imports into Ecuador

In 2021, purchases abroad of quicklime, slaked lime and hydraulic lime decreased by -47.7% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 2,401% against the previous year. Imports peaked at X tons in 2020, and then contracted notably in the following year.

In value terms, lime imports contracted rapidly to $X in 2021. Over the period under review, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 1,037%. Imports peaked at $X in 2020, and then contracted markedly in the following year.

Imports by Country

Peru (X tons), Colombia (X tons) and Chile (X tons) were the main suppliers of lime imports to Ecuador, together comprising 96% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Peru (with a CAGR of +795.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lime suppliers to Ecuador were Peru ($X), Colombia ($X) and Chile ($X), with a combined 92% share of total imports.

Among the main suppliers, Peru, with a CAGR of +436.9%, 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 lime import price stood at $X per ton in 2021, surging by 2.5% against the previous year. In general, the import price, however, saw a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of 56% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (-4.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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