Chile: Lime Market Overview 2021

Lime Market Size in Chile

In 2019, the Chilean lime market increased by X% to $X, rising for the fourth consecutive year after two years of decline. Over the period under review, the total consumption indicated a resilient increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2016 when the market value increased by X% against the previous year. Lime consumption peaked in 2019 and is expected to retain growth in the immediate term.

Lime Production in Chile

In value terms, lime production rose significantly to $X in 2019 estimated in export prices. In general, the total production indicated a prominent expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2015 indices. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production attained the maximum level in 2019 and is likely to see gradual growth in the immediate term.

Lime Exports

Exports from Chile

In 2019, the amount of quicklime, slaked lime and hydraulic lime exported from Chile contracted significantly to X tonnes, dropping by -X% compared with the year before. In general, exports saw a deep slump. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Over the period under review, exports attained the maximum at X tonnes in 2007; however, from 2008 to 2019, exports remained at a lower figure.

In value terms, lime exports declined sharply to $X in 2019. Overall, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2012 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at $X in 2015; however, from 2016 to 2019, exports remained at a lower figure.

Exports by Country

Peru (X tonnes) was the main destination for lime exports from Chile, accounting for a X% share of total exports. Moreover, lime exports to Peru exceeded the volume sent to the second major destination, the U.S. (X tonnes), threefold. The third position in this ranking was occupied by Australia (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Peru totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and Australia (+X% per year).

In value terms, Peru ($X) remains the key foreign market for lime exports from Chile, comprising X% of total exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Peru amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (-X% per year) and Australia (+X% per year).

Export Prices by Country

The average lime export price stood at $X per tonne in 2019, which is down by -X% against the previous year. In general, export price indicated moderate growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, lime export price decreased by -X% against 2017 indices. The growth pace was the most rapid in 2008 when the average export price increased by X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2017; however, from 2018 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Australia ($X per tonne), while the average price for exports to Peru ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Peru, while the prices for the other major destinations experienced a decline.

Lime Imports

Imports into Chile

In 2019, imports of quicklime, slaked lime and hydraulic lime into Chile contracted to X tonnes, dropping by -X% on 2018. Overall, total imports indicated notable growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. As a result, imports attained the peak of X tonnes. From 2017 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, lime imports dropped to $X in 2019. In general, imports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Argentina (X tonnes) was the main supplier of lime to Chile, with a X% share of total imports. It was followed by Italy (X tonnes), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of volume from Argentina amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Colombia (+X% per year).

In value terms, Argentina ($X) constituted the largest supplier of lime to Chile, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of value from Argentina totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Colombia (+X% per year).

Import Prices by Country

In 2019, the average lime import price amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, lime import price decreased by -X% against 2015 indices. The growth pace was the most rapid in 2011 an increase of X% year-to-year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2015; however, from 2016 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per tonne), while the price for Colombia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Colombia, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for quicklime, slaked lime and hydraulic lime in the world?

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The countries with the highest volumes of lime consumption in 2019 were China (47M tonnes), Japan (25M tonnes) and the U.S. (15M tonnes), together accounting for 46% of global consumption.

What are the largest producers of quicklime, slaked lime and hydraulic lime in the world?

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The countries with the highest volumes of lime production in 2019 were China (47M tonnes), Japan (25M tonnes) and the U.S. (15M tonnes), together accounting for 46% of global production. These countries were followed by Indonesia, Brazil, Germany, Pakistan, Turkey, Mexico, Italy, Viet Nam, Russia and Iran, which together accounted for a further 27%.

What are the leading suppliers of quicklime, slaked lime and hydraulic lime to Chile?

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In value terms, Argentina ($52M) constituted the largest supplier of lime to Chile, comprising 88% of total imports. The second position in the ranking was occupied by Italy ($2.4M), with a 4.1% share of total imports.

What are the leading importers of quicklime, slaked lime and hydraulic lime from Chile?

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In value terms, Peru ($31K) remains the key foreign market for lime exports from Chile, comprising 57% of total exports. The second position in the ranking was occupied by the U.S. ($10K), with a 19% share of total exports. It was followed by Australia, with a 13% share.

What is the average export price for quicklime, slaked lime and hydraulic lime in Chile?

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The average lime export price stood at $313 per tonne in 2019, declining by -17.7% against the previous year.

What is the average import price for quicklime, slaked lime and hydraulic lime in Chile?

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In 2019, the average lime import price amounted to $146 per tonne, dropping by -2.5% against the previous year.