Puerto Rico: Market for Gypsum, Anhydrite And Limestone 2024

Market Size for Gypsum, Anhydrite And Limestone in Puerto Rico

In 2021, the Puerto Rican gypsum, anhydrite and limestone market increased by 18% to $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, continues to indicate a mild descent. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Gypsum, Anhydrite And Limestone in Puerto Rico

In value terms, gypsum, anhydrite and limestone production surged to $X in 2021 estimated in export price. In general, production, however, showed a slight decrease. The most prominent rate of growth was recorded in 2013 when the production volume increased by 102%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Gypsum, Anhydrite And Limestone

Exports from Puerto Rico

In 2021, the amount of gypsum, anhydrite and limestone exported from Puerto Rico amounted to less than X kg, remaining stable against the previous year. In general, exports recorded a relatively flat trend pattern.

In value terms, gypsum, anhydrite and limestone exports amounted to less than $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern.

Exports by Country

The United Arab Emirates represented the key exporter of gypsum, anhydrite and limestone in the world, with the volume of exports recording X tons, which was approx. 29% of total exports in 2021. It was distantly followed by Spain (X tons), Oman (X tons), Thailand (X tons) and Japan (X tons), together committing a 36% share of total exports. The following exporters - India (X tons), Canada (X tons), Mexico (X tons), Vietnam (X tons), Iran (X tons) and Sweden (X tons) - together made up 16% of total exports.

The United Arab Emirates was also the fastest-growing in terms of the gypsum, anhydrite and limestone exports, with a CAGR of +15.1% from 2012 to 2021. At the same time, Iran (+13.5%), Vietnam (+12.3%), Spain (+11.8%), Oman (+11.4%), Mexico (+11.0%), India (+4.5%), Japan (+2.6%) and Canada (+1.1%) displayed positive paces of growth. By contrast, Sweden (-1.7%) and Thailand (-2.6%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+14 p.p.), Spain (+4.1 p.p.) and Oman (+3.1 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Sweden (-1.7 p.p.), Canada (-2.2 p.p.), Japan (-3 p.p.) and Thailand (-10.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest gypsum, anhydrite and limestone supplier from Puerto Rico, comprising 30% of global exports. The second position in the ranking was taken by Oman ($X), with a 13% share of global exports. It was followed by Thailand, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates amounted to +14.1%. In the other countries, the average annual rates were as follows: Oman (+11.4% per year) and Thailand (-0.5% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, flattening at the previous year. Over the period under review, the export price saw a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Oman ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+6.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Gypsum, Anhydrite And Limestone

Imports into Puerto Rico

In 2021, approx. less than X kg of gypsum, anhydrite and limestone were imported into Puerto Rico; stabilizing at the previous year's figure. In general, imports continue to indicate a relatively flat trend pattern.

In value terms, gypsum, anhydrite and limestone imports totaled less than $X in 2021. Overall, imports saw a relatively flat trend pattern.

Imports by Country

In 2021, India (X tons) was the key importer of gypsum, anhydrite and limestone, comprising 37% of total imports. It was distantly followed by the United States (X tons), committing a 6.9% share of total imports. Bangladesh (X tons), Indonesia (X tons), Germany (X tons), Taiwan (Chinese) (X tons), Japan (X tons), Vietnam (X tons), the Netherlands (X tons), the Philippines (X tons), South Korea (X tons), Kuwait (X tons) and Finland (X tons) followed a long way behind the leaders.

Imports into India increased at an average annual rate of +11.5% from 2012 to 2021. At the same time, the Philippines (+13.6%), Indonesia (+8.6%), the United States (+6.8%), South Korea (+6.2%), Germany (+6.2%), Vietnam (+4.1%), Bangladesh (+3.9%) and the Netherlands (+3.0%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in the world, with a CAGR of +13.6% from 2012-2021. Japan and Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Kuwait (-9.8%) and Finland (-11.3%) illustrated a downward trend over the same period. India (+13 p.p.) significantly strengthened its position in terms of the global imports, while Japan, Taiwan (Chinese), Finland and Kuwait saw its share reduced by -1.9%, -2.2%, -2.5% and -3.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported gypsum, anhydrite and limestone into Puerto Rico, comprising 30% of global imports. The second position in the ranking was held by Indonesia ($X), with a 5.9% share of global imports. It was followed by Japan, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value in India stood at +9.4%. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (+8.6% per year) and Japan (+1.5% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per ton, approximately equating the previous year. Overall, the import price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+12.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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