Colombia: Lime Market Overview 2021

Lime Market Size in Colombia

The Colombian lime market rose sharply to $X in 2019, increasing by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2009 when the market value increased by X% year-to-year. Lime consumption peaked in 2019 and is likely to see gradual growth in the immediate term.

Lime Production in Colombia

In value terms, lime production totaled $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Over the period under review, production attained the peak level in 2019 and is likely to see gradual growth in the immediate term.

Lime Exports

Exports from Colombia

After two years of decline, overseas shipments of quicklime, slaked lime and hydraulic lime increased by X% to X tonnes in 2019. Overall, exports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, lime exports soared to $X in 2019. In general, exports, however, showed a mild decline. The most prominent rate of growth was recorded in 2009 when exports increased by X% against the previous year. Exports peaked at $X in 2016; however, from 2017 to 2019, exports failed to regain the momentum.

Exports by Country

Suriname (X tonnes) was the main destination for lime exports from Colombia, accounting for a X% share of total exports. Moreover, lime exports to Suriname exceeded the volume sent to the second major destination, Chile (X tonnes), twofold.

From 2007 to 2019, the average annual rate of growth in terms of volume to Suriname stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+X% per year) and Jamaica (-X% per year).

In value terms, Suriname ($X) emerged as the key foreign market for lime exports from Colombia, comprising X% of total exports. The second position in the ranking was occupied by Chile ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value to Suriname totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+X% per year) and Jamaica (-X% per year).

Export Prices by Country

The average lime export price stood at $X per tonne in 2019, picking up by X% against the previous year. Overall, export price indicated a resilient 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 export price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2009 an increase of X% against the previous year. As a result, export price attained the peak level of $X per tonne. From 2010 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Jamaica ($X per tonne), while the average price for exports to Chile ($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 Chile, while the prices for the other major destinations experienced more modest paces of growth.

Lime Imports

Imports into Colombia

After four years of decline, overseas purchases of quicklime, slaked lime and hydraulic lime increased by X% to X tonnes in 2019. Over the period under review, imports showed a resilient expansion. The pace of growth was the most pronounced in 2012 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X tonnes in 2014; however, from 2015 to 2019, imports stood at a somewhat lower figure.

In value terms, lime imports skyrocketed to $X in 2019. In general, imports enjoyed strong growth. 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 reached the maximum at $X in 2014; however, from 2015 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tonnes), Mexico (X tonnes) and the U.S. (X tonnes) were the main suppliers of lime imports to Colombia, with a combined X% share of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Mexico ($X) and the U.S. ($X) were the largest lime suppliers to Colombia, with a combined X% share of total imports.

Among the main suppliers, Belgium (+X% per year) recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average lime import price stood at $X per tonne in 2019, stabilizing at the previous year. In general, the import price, however, saw a mild shrinkage. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per tonne in 2008; however, from 2009 to 2019, import prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Mexico, while the prices for the other major suppliers experienced a decline.

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 comprising 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. Indonesia, Brazil, Germany, Pakistan, Turkey, Mexico, Italy, Viet Nam, Russia and Iran lagged somewhat behind, together comprising a further 27%.

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

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In value terms, the largest lime suppliers to Colombia were Belgium ($103K), Mexico ($65K) and the U.S. ($24K), together comprising 94% of total imports.

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

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In value terms, Suriname ($4.2M) emerged as the key foreign market for lime exports from Colombia, comprising 66% of total exports. The second position in the ranking was occupied by Chile ($1.5M), with a 24% share of total exports.

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

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In 2019, the average lime export price amounted to $163 per tonne, rising by 9.8% against the previous year.

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

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In 2019, the average lime import price amounted to $211 per tonne, remaining constant against the previous year.