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

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

The Asia-Pacific limestone flux and limestone market amounted to $X in 2022, approximately equating the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 7%. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Limestone Flux, Limestone And Calcareous Stone in Asia-Pacific

In value terms, limestone flux and limestone production expanded to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 8% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Limestone Flux, Limestone And Calcareous Stone

Exports in Asia-Pacific

In 2022, exports of limestone flux, limestone and calcareous stone in Asia-Pacific contracted to X tons, declining by -12.8% against the previous year's figure. The total export volume increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 23% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, limestone flux and limestone exports contracted to $X in 2022. Total exports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% 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 growth pace was the most rapid in 2015 when exports increased by 22% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Japan represented the largest exporter of limestone flux, limestone and calcareous stone in Asia-Pacific, with the volume of exports accounting for X tons, which was near 39% of total exports in 2022. India (X tons) ranks second in terms of the total exports with a 17% share, followed by Vietnam (16%), China (11%) and Malaysia (10%). The Philippines (X tons) and Thailand (X tons) followed a long way behind the leaders.

Japan experienced a relatively flat trend pattern with regard to volume of exports of limestone flux, limestone and calcareous stone. At the same time, China (+11.7%), Vietnam (+8.7%) and the Philippines (+1.2%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +11.7% from 2012-2022. Malaysia experienced a relatively flat trend pattern. By contrast, Thailand (-1.0%) and India (-1.6%) illustrated a downward trend over the same period. Vietnam (+8.4 p.p.) and China (+6.9 p.p.) significantly strengthened its position in terms of the total exports, while India and Japan saw its share reduced by -5.3% and -8.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X), Japan ($X) and Vietnam ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 65% of total exports. China, India, Thailand and the Philippines lagged somewhat behind, together accounting for a further 34%.

China, with a CAGR of +21.1%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, increasing by 9.7% 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 2017 when the export price increased by 13% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+15.6%), while the other leaders experienced more modest paces of growth.

Imports of Limestone Flux, Limestone And Calcareous Stone

Imports in Asia-Pacific

In 2022, the amount of limestone flux, limestone and calcareous stone imported in Asia-Pacific expanded remarkably to X tons, rising by 6.9% against the year before. Total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +5.6% against 2019 indices. The growth pace was the most rapid in 2019 when imports increased by 25% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, limestone flux and limestone imports surged to $X in 2022. Over the period under review, imports posted resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 20%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

India dominates imports structure, amounting to X tons, which was near 71% of total imports in 2022. Bangladesh (X tons) ranks second in terms of the total imports with an 8.8% share, followed by South Korea (6.1%) and Taiwan (Chinese) (6.1%). The following importers - Indonesia (X tons) and Australia (X tons) - together made up 4.9% of total imports.

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%) and South Korea (+4.2%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +43.7% from 2012-2022. Australia experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-1.3%) illustrated a downward trend over the same period. While the share of India (+19 p.p.) and Indonesia (+3.2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Korea (-2.7 p.p.), Bangladesh (-3.3 p.p.) and Taiwan (Chinese) (-9.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported limestone flux, limestone and calcareous stone in Asia-Pacific, comprising 67% of total imports. The second position in the ranking was held by Indonesia ($X), with a 10% share of total imports. It was followed by South Korea, with a 5.5% share.

In India, limestone flux and limestone imports increased at an average annual rate of +11.4% over the period from 2012-2022. 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

The import price in Asia-Pacific stood at $X per ton in 2022, increasing by 8.1% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by 19% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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