Latin America and the Caribbean: Market for Limestone Flux, Limestone And Calcareous Stone 2024

Market Size for Limestone Flux, Limestone And Calcareous Stone in Latin America and the Caribbean

The Latin American limestone flux and limestone market shrank modestly to $X in 2022, flattening at the previous year. Overall, consumption saw a slight setback. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Limestone Flux, Limestone And Calcareous Stone in Latin America and the Caribbean

In value terms, limestone flux and limestone production fell slightly to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2013 when the production volume increased by 5.7%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Exports of Limestone Flux, Limestone And Calcareous Stone

Exports in Latin America and the Caribbean

In 2022, after three years of growth, there was significant decline in shipments abroad of limestone flux, limestone and calcareous stone, when their volume decreased by -14.6% to X tons. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 29% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, limestone flux and limestone exports rose sharply to $X in 2022. In general, exports continue to indicate a slight decline. The most prominent rate of growth was recorded in 2014 when exports increased by 23% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Jamaica (X tons) represented the major exporter of limestone flux, limestone and calcareous stone, comprising 81% of total exports. It was distantly followed by the Dominican Republic (X tons), comprising an 11% share of total exports. Brazil (X tons) and Argentina (X tons) held a relatively small share of total exports.

Exports from Jamaica increased at an average annual rate of +7.8% from 2012 to 2022. At the same time, Brazil (+24.1%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +24.1% from 2012-2022. By contrast, the Dominican Republic (-12.4%) and Argentina (-19.5%) illustrated a downward trend over the same period. While the share of Jamaica (+43 p.p.) and Brazil (+3.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Argentina (-14.2 p.p.) and the Dominican Republic (-30.4 p.p.) displayed negative dynamics.

In value terms, Jamaica ($X) remains the largest limestone flux and limestone supplier in Latin America and the Caribbean, comprising 63% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with a 17% share of total exports. It was followed by Argentina, with a 6.3% share.

In Jamaica, limestone flux and limestone exports increased at an average annual rate of +6.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Dominican Republic (-5.3% per year) and Argentina (-17.0% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, with an increase of 32% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+8.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Limestone Flux, Limestone And Calcareous Stone

Imports in Latin America and the Caribbean

After four years of growth, purchases abroad of limestone flux, limestone and calcareous stone decreased by -1.6% to X tons in 2022. Over the period under review, imports, however, recorded measured growth. The most prominent rate of growth was recorded in 2013 with an increase of 71% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, limestone flux and limestone imports rose significantly to $X in 2022. Overall, imports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2013 with an increase of 52%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Brazil was the major importer of limestone flux, limestone and calcareous stone in Latin America and the Caribbean, with the volume of imports accounting for X tons, which was approx. 79% of total imports in 2022. Peru (X tons) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Chile (7.6%).

From 2012 to 2022, average annual rates of growth with regard to limestone flux and limestone imports into Brazil stood at +1.6%. At the same time, Peru (+35.9%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +35.9% from 2012-2022. By contrast, Chile (-3.3%) illustrated a downward trend over the same period. Peru (+10 p.p.) significantly strengthened its position in terms of the total imports, while Brazil and Chile saw its share reduced by -2.7% and -5.3% from 2012 to 2022, respectively.

In value terms, Brazil ($X) constitutes the largest market for imported limestone flux, limestone and calcareous stone in Latin America and the Caribbean, comprising 62% of total imports. The second position in the ranking was taken by Chile ($X), with a 29% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Brazil amounted to +10.3%. In the other countries, the average annual rates were as follows: Chile (+7.4% per year) and Peru (+14.2% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, increasing by 13% against the previous year. Import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, limestone flux and limestone import price increased by +101.8% against 2013 indices. The pace of growth appeared the most rapid in 2017 when the import price increased by 21% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+11.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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