U.S.: Lime Market 2024

Lime Market Size in the U.S.

In 2021, the U.S. lime market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, showed a pronounced descent. Lime consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Lime Production in the U.S.

In value terms, lime production soared to $X in 2021. In general, production, however, continues to indicate a noticeable curtailment. Lime production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Lime Exports

Exports from the U.S.

In 2021, after two years of decline, there was significant growth in shipments abroad of lime, when their volume increased by 27% to X tons. Over the period under review, total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -19.8% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of 28%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, lime exports soared to $X in 2021. In general, total exports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -36.2% against 2018 indices. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X tons) was the main destination for lime exports from the United States, accounting for a 95% share of total exports. Moreover, lime exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada stood at +6.0%.

In value terms, Canada ($X) remains the key foreign market for lime exports from the United States, comprising 85% of total exports. The second position in the ranking was held by Mexico ($X), with a 9.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada totaled +4.3%.

Export Prices by Country

In 2021, the average lime export price amounted to $X per ton, picking up by 7.1% against the previous year. Over the period under review, the export price, however, continues to indicate a slight descent. The pace of growth appeared the most rapid in 2016 when the average export price increased by 8.6% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+10.3%).

Lime Imports

Imports into the U.S.

In 2021, purchases abroad of lime was finally on the rise to reach X tons after two years of decline. In general, imports, however, continue to indicate a perceptible shrinkage. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, lime imports amounted to $X in 2021. Overall, imports, however, saw a slight descent. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Canada (X tons) constituted the largest lime supplier to the United States, with a 88% share of total imports. Moreover, lime imports from Canada exceeded the figures recorded by the second-largest supplier, Mexico (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Canada stood at -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+3.0% per year) and the Dominican Republic (+35.5% per year).

In value terms, Canada ($X) constituted the largest supplier of lime to the United States, comprising 79% of total imports. The second position in the ranking was taken by Mexico ($X), with a 9% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Canada amounted to -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+5.8% per year) and the Dominican Republic (+29.0% per year).

Import Prices by Country

The average lime import price stood at $X per ton in 2021, surging by 3.3% against the previous year. Over the last nine years, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 11%. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Dominican Republic ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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