Global Carbonate Market Overview
In value terms, carbonate production expanded modestly to $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2017 when the production volume increased by % year-to-year. Global production peaked in 2019 and is likely to continue growth in years to come.
The countries with the highest volumes of carbonate production in 2019 were China ( tonnes), the U.S. ( tonnes) and Turkey ( tonnes), with a combined % share of global production.
From 2007 to 2019, the most notable rate of growth in terms of carbonate production, amongst the main producing countries, was attained by Turkey, while carbonate production for the other global leaders experienced more modest paces of growth.
The global carbonate market value rose modestly to $ in 2019, increasing by % 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). The market value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the market value increased by % y-o-y. Over the period under review, the global market attained the peak level in 2019 and is expected to retain growth in years to come.
In China, carbonate consumption remained relatively stable over the period from 2007-2019. The remaining consuming countries recorded the following average annual rates of consumption growth: the U.S. (-% per year) and India (+% per year).
In value terms, China ($) led the market, alone. The second position in the ranking was occupied by India ($). It was followed by the U.S..
From 2007 to 2019, the average annual rate of growth in terms of value in China totaled +%. In the other countries, the average annual rates were as follows: India (+% per year) and the U.S. (+% per year).
The countries with the highest levels of carbonate per capita consumption in 2019 were Spain ( kg per person), the U.S. ( kg per person) and Italy ( kg per person).
From 2007 to 2019, the biggest increases were in Brazil, while carbonate per capita consumption for the other global leaders experienced more modest paces of growth.