Spain: Quicklime Market 2024

Quicklime Market Size in Spain

In 2022, the Spanish quicklime market increased by 17% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Quicklime consumption peaked in 2022 and is likely to continue growth in the near future.

Quicklime Production in Spain

In value terms, quicklime production soared to $X in 2022 estimated in export price. Over the period under review, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +100.5% against 2020 indices. The growth pace was the most rapid in 2021 when the production volume increased by 44% against the previous year. Over the period under review, production hit record highs in 2022 and is likely to continue growth in the near future.

Quicklime Exports

Exports from Spain

In 2022, overseas shipments of quicklime decreased by -13.8% to X tons, falling for the second consecutive year after five years of growth. Overall, exports, however, showed measured growth. The pace of growth appeared the most rapid in 2017 with an increase of 38% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, quicklime exports soared to $X in 2022. In general, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -16.1% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 35% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for quicklime exports from Spain, accounting for a 46% share of total exports. Moreover, quicklime exports to France exceeded the volume sent to the second major destination, Ghana (X tons), twofold. The third position in this ranking was taken by Guinea (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to France totaled +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (+6.2% per year) and Guinea (+149.5% per year).

In value terms, France ($X) remains the key foreign market for quicklime exports from Spain, comprising 40% of total exports. The second position in the ranking was held by Ghana ($X), with a 16% share of total exports. It was followed by Guinea, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to France totaled +2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (+8.8% per year) and Guinea (+182.6% per year).

Export Prices by Country

In 2022, the average quicklime export price amounted to $X per ton, picking up by 35% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Cameroon ($X per ton), while the average price for exports to Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guinea (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Quicklime Imports

Imports into Spain

In 2022, imports of quicklime into Spain totaled X tons, picking up by 2.2% against the year before. Overall, imports continue to indicate significant growth. The growth pace was the most rapid in 2018 with an increase of 293%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, quicklime imports expanded markedly to $X in 2022. Over the period under review, imports posted a significant increase. The growth pace was the most rapid in 2018 with an increase of 200%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Portugal (X tons) was the main supplier of quicklime to Spain, accounting for a 92% share of total imports. Moreover, quicklime imports from Portugal exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Portugal stood at +31.0%.

In value terms, Portugal ($X) constituted the largest supplier of quicklime to Spain, comprising 84% of total imports. The second position in the ranking was held by France ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Portugal stood at +28.9%.

Import Prices by Country

In 2022, the average quicklime import price amounted to $X per ton, rising by 13% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced downturn. The growth pace was the most rapid in 2014 an increase of 36%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Portugal totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (-1.6%).

Source: IndexBox Platform

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