Calcium Carbonate Market

The article provides a detailed analysis of the global calcium carbonate market, projecting an increase in consumption volume and market value from 2022 to 2030. It discusses trends in market performance, consumption, production, imports, and exports, highlighting key countries and their roles in the market. Overall, the market is expected to see steady growth in the coming years.

Market Forecast

Driven by increasing demand for calcium carbonate worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +3.4% for the period from 2022 to 2030, which is projected to bring the market volume to 68M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.6% for the period from 2022 to 2030, which is projected to bring the market value to $30B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Calcium Carbonate

Global calcium carbonate consumption dropped modestly to 52M tons in 2022, waning by -2.6% compared with the year before. The total consumption volume increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at 57M tons in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

The global calcium carbonate market revenue amounted to $19.4B in 2022, remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +55.3% against 2012 indices. Global consumption peaked in 2022 and is likely to continue growth in years to come.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (11M tons), the United States (6.6M tons) and India (4.9M tons), with a combined 44% share of global consumption. Japan, Brazil, Pakistan, Mexico, Turkey, Egypt, Iran, Finland and Democratic Republic of the Congo lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +8.1%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest calcium carbonate markets worldwide were the United States ($5.3B), China ($3.6B) and India ($2.1B), with a combined 57% share of the global market.

In terms of the main consuming countries, the United States, with a CAGR of +12.4%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of calcium carbonate per capita consumption was registered in Finland (162 kg per person), followed by Japan (21 kg per person), the United States (20 kg per person) and Turkey (12 kg per person), while the world average per capita consumption of calcium carbonate was estimated at 6.5 kg per person.

From 2012 to 2022, the average annual growth rate of the calcium carbonate per capita consumption in Finland totaled -8.2%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Japan (+8.4% per year) and the United States (+7.2% per year).

Production

World Production of Calcium Carbonate

In 2022, global production of calcium carbonate contracted slightly to 49M tons, which is down by -2.6% against the previous year. The total output volume increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when the production volume increased by 11%. Global production peaked at 56M tons in 2018; however, from 2019 to 2022, production remained at a lower figure.

In value terms, calcium carbonate production amounted to $19.2B in 2022 estimated in export price. In general, the total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.1% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 23% against the previous year. Global production peaked at $19.2B in 2020; afterwards, it flattened through to 2022.

Production By Country

The countries with the highest volumes of production in 2022 were China (11M tons), the United States (6.5M tons) and India (3.7M tons), together comprising 44% of global production. Japan, Brazil, Pakistan, Mexico, Turkey, Egypt, Iran, Finland, Democratic Republic of the Congo and Malaysia lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +7.8%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Calcium Carbonate

In 2022, the amount of calcium carbonate imported worldwide contracted to 5.7M tons, which is down by -6% compared with 2021. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 12%. Global imports peaked at 6.1M tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, calcium carbonate imports totaled $1.1B in 2022. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 16% against the previous year. Over the period under review, global imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Imports By Country

In 2022, India (1.2M tons), distantly followed by the Netherlands (484K tons), Germany (483K tons), Belgium (458K tons) and Kuwait (278K tons) were the major importers of calcium carbonate, together mixing up 50% of total imports. Russia (144K tons), Indonesia (122K tons), Spain (110K tons), South Africa (91K tons), France (87K tons) and the United States (87K tons) held a minor share of total imports.

Imports into India increased at an average annual rate of +13.2% from 2012 to 2022. At the same time, Kuwait (+18.3%), Spain (+15.0%), South Africa (+7.9%), Germany (+5.3%), Belgium (+3.8%), Indonesia (+2.7%) and the United States (+1.9%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in the world, with a CAGR of +18.3% from 2012-2022. By contrast, Russia (-2.6%), France (-7.4%) and the Netherlands (-8.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India, Kuwait, Germany and Belgium increased by +14, +4.9, +3.1 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest calcium carbonate importing markets worldwide were India ($164M), Germany ($91M) and Belgium ($46M), with a combined 27% share of global imports. The Netherlands, Indonesia, the United States, Kuwait, France, Russia, South Africa and Spain lagged somewhat behind, together accounting for a further 20%.

In terms of the main importing countries, Kuwait, with a CAGR of +21.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average calcium carbonate import price stood at $196 per ton in 2022, increasing by 12% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($440 per ton), while the Netherlands ($92 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Calcium Carbonate

In 2022, approx. 3.3M tons of calcium carbonate were exported worldwide; waning by -8.6% compared with the previous year. Overall, exports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 11%. The global exports peaked at 5M tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, calcium carbonate exports amounted to $854M in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 16% against the previous year. Over the period under review, the global exports hit record highs at $908M in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports By Country

In 2022, Belgium (601K tons), distantly followed by Turkey (357K tons), the Netherlands (313K tons), Saudi Arabia (249K tons), Malaysia (224K tons), Tunisia (167K tons) and Egypt (154K tons) represented the key exporters of calcium carbonate, together constituting 62% of total exports. China (116K tons), Spain (100K tons), Jordan (94K tons), Greece (76K tons), France (68K tons) and Thailand (54K tons) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +23.0%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Belgium ($115M), Egypt ($82M) and France ($67M) appeared to be the countries with the highest levels of exports in 2022, with a combined 31% share of global exports. China, Jordan, Malaysia, Turkey, the Netherlands, Spain, Saudi Arabia, Tunisia, Greece and Thailand lagged somewhat behind, together accounting for a further 37%.

Among the main exporting countries, Saudi Arabia, with a CAGR of +23.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average calcium carbonate export price amounted to $255 per ton, surging by 12% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, calcium carbonate export price increased by +61.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 38%. The global export price peaked in 2022 and is likely to continue growth in the near future.

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 France ($975 per ton), while the Netherlands ($101 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+19.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform