Asia: Market for Limestone Flux, Limestone And Calcareous Stone 2024

Market Size for Limestone Flux, Limestone And Calcareous Stone in Asia

The Asian limestone flux and limestone market contracted to $X in 2022, declining by -10.1% against the previous year. In general, consumption recorded a slight curtailment. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Limestone Flux, Limestone And Calcareous Stone in Asia

In value terms, limestone flux and limestone production totaled $X in 2022 estimated in export price. Overall, production recorded a slight slump. The pace of growth appeared the most rapid in 2017 with an increase of 4.9%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Limestone Flux, Limestone And Calcareous Stone

Exports in Asia

Limestone flux and limestone exports declined to X tons in 2022, dropping by -7.8% on the year before. Total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +2.2% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 34%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, limestone flux and limestone exports reduced to $X in 2022. Total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +13.6% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 28%. The level of export peaked at $X in 2021, and then contracted in the following year.

Exports by Country

The United Arab Emirates represented the key exporter of limestone flux, limestone and calcareous stone in Asia, with the volume of exports recording X tons, which was near 61% of total exports in 2022. Japan (X tons) held the second position in the ranking, followed by Oman (X tons), India (X tons) and Vietnam (X tons). All these countries together took near 28% share of total exports. The following exporters - China (X tons) and Malaysia (X tons) - each reached a 6.2% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the limestone flux, limestone and calcareous stone exports, with a CAGR of +12.2% from 2012 to 2022. At the same time, China (+11.7%), Vietnam (+8.7%) and Oman (+5.5%) displayed positive paces of growth. Malaysia and Japan experienced a relatively flat trend pattern. By contrast, India (-1.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates increased by +25 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest limestone flux and limestone supplier in Asia, comprising 58% of total exports. The second position in the ranking was taken by Oman ($X), with an 11% share of total exports. It was followed by Malaysia, with a 7.7% share.

In the United Arab Emirates, limestone flux and limestone exports expanded at an average annual rate of +9.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Oman (+5.4% per year) and Malaysia (+6.4% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, with a decrease of -3.8% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by 16%. As a result, the export price attained the peak level of $X per ton, and then reduced modestly in the following year.

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 Malaysia ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.1%), while the other leaders experienced more modest paces of growth.

Imports of Limestone Flux, Limestone And Calcareous Stone

Imports in Asia

In 2022, after two years of decline, there was significant growth in purchases abroad of limestone flux, limestone and calcareous stone, when their volume increased by 7.7% to X tons. Total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 20% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, limestone flux and limestone imports surged to $X in 2022. In general, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 20%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

India dominates imports structure, accounting for X tons, which was near 68% of total imports in 2022. Bangladesh (X tons) held an 8.4% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (5.9%) and Taiwan (Chinese) (5.9%). Indonesia (X tons), Kuwait (X tons) and Kyrgyzstan (X tons) followed a long way behind the leaders.

Imports into India increased at an average annual rate of +11.5% from 2012 to 2022. At the same time, Indonesia (+43.7%), Bangladesh (+4.7%), South Korea (+4.2%) and Kyrgyzstan (+3.9%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in Asia, with a CAGR of +43.7% from 2012-2022. By contrast, Taiwan (Chinese) (-1.3%) and Kuwait (-5.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India and Indonesia increased by +23 and +3.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported limestone flux, limestone and calcareous stone in Asia, comprising 65% of total imports. The second position in the ranking was held by Indonesia ($X), with a 9.8% share of total imports. It was followed by South Korea, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to +11.4%. In the other countries, the average annual rates were as follows: Indonesia (+31.3% per year) and South Korea (+3.9% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, with an increase of 8.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2021 when the import price increased by 18% against the previous year. The level of import peaked in 2022 and is likely to see gradual 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 Indonesia ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+8.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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