Peru: Calcium Carbonate Market 2024

Calcium Carbonate Market Size in Peru

The Peruvian calcium carbonate market fell slightly to $X in 2021, dropping by -2.7% against the previous year. Overall, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +13.7% against 2019 indices. Calcium carbonate consumption peaked at $X in 2020, and then declined in the following year.

Calcium Carbonate Production in Peru

In value terms, calcium carbonate production shrank slightly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +15.5% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 37% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then fell slightly in the following year.

Calcium Carbonate Exports

Exports from Peru

In 2021, shipments abroad of calcium carbonate increased by 8.1% to X tons for the first time since 2015, thus ending a five-year declining trend. In general, exports, however, showed a dramatic shrinkage. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, calcium carbonate exports stood at $X in 2021. Overall, exports, however, showed a dramatic downturn. The most prominent rate of growth was recorded in 2013 with an increase of 19% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Bolivia (X tons) was the main destination for calcium carbonate exports from Peru, accounting for a 54% share of total exports. Moreover, calcium carbonate exports to Bolivia exceeded the volume sent to the second major destination, Venezuela (X tons), twofold. The third position in this ranking was taken by Panama (X tons), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume to Bolivia totaled -16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (-32.0% per year) and Panama (-10.4% per year).

In value terms, Bolivia ($X) remains the key foreign market for calcium carbonate exports from Peru, comprising 64% of total exports. The second position in the ranking was held by Venezuela ($X), with a 23% share of total exports. It was followed by Panama, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bolivia stood at -9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (-30.7% per year) and Panama (-9.1% per year).

Export Prices by Country

The average calcium carbonate export price stood at $X per ton in 2021, remaining stable against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.7%. The pace of growth appeared the most rapid in 2013 an increase of 35%. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in years to come.

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 Bolivia ($X per ton), while the average price for exports to Ecuador ($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 Bolivia (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Calcium Carbonate Imports

Imports into Peru

In 2021, calcium carbonate imports into Peru soared to X tons, increasing by 32% compared with the previous year's figure. Overall, imports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of 85% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, calcium carbonate imports soared to $X in 2021. Over the period under review, imports, however, recorded a slight decrease. The pace of growth was the most pronounced in 2014 with an increase of 78%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Canada (X tons) constituted the largest supplier of calcium carbonate to Peru, with a approx. 82% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Canada amounted to -7.0%.

In value terms, Canada ($X) constituted the largest supplier of calcium carbonate to Peru.

From 2012 to 2021, the average annual rate of growth in terms of value from Canada amounted to -3.4%.

Import Prices by Country

The average calcium carbonate import price stood at $X per ton in 2021, waning by -3.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.2%. The growth pace was the most rapid in 2020 when the average import price increased by 23% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

As there is only one major supplying country, the average price level is determined by prices for Canada.

From 2012 to 2021, the rate of growth in terms of prices for Canada amounted to +3.8% per year.

Source: IndexBox Platform

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