Asia: Slaked Lime Market 2024

Slaked Lime Market Size in Asia

The Asian slaked lime market stood at $X in 2021, growing by 1.5% against the previous year. Over the period under review, consumption recorded a slight decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Slaked Lime Production in Asia

In value terms, slaked lime production totaled $X in 2021 estimated in export price. Over the period under review, production recorded a mild descent. The pace of growth appeared the most rapid in 2019 when the production volume increased by 12%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Slaked Lime Exports

Exports in Asia

For the fifth year in a row, Asia recorded decline in shipments abroad of slaked lime, which decreased by -13.3% to X tons in 2021. Overall, exports continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 70%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, slaked lime exports amounted to $X in 2021. Over the period under review, exports saw a mild shrinkage. The growth pace was the most rapid in 2016 when exports increased by 71%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Malaysia (X tons) and China (X tons) were the key exporters of slaked lime in 2021, amounting to near 33% and 24% of total exports, respectively. Thailand (X tons) took a 10% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (7.8%), Turkey (6.3%) and Oman (5.9%). Israel (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Israel (with a CAGR of +62.9%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), China ($X) and Indonesia ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 63% share of total exports. These countries were followed by Thailand, Oman, Turkey and Israel, which together accounted for a further 18%.

Israel, with a CAGR of +49.6%, recorded 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

The export price in Asia stood at $X per ton in 2021, surging by 16% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.6%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Israel ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.7%), while the other leaders experienced more modest paces of growth.

Slaked Lime Imports

Imports in Asia

In 2021, slaked lime imports in Asia reached X tons, increasing by 11% against 2020 figures. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 20% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, slaked lime imports surged to $X in 2021. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the Philippines (X tons), distantly followed by Singapore (X tons), Hong Kong SAR (X tons), India (X tons) and Kazakhstan (X tons) represented the key importers of slaked lime, together generating 69% of total imports. China (X tons), Oman (X tons), the United Arab Emirates (X tons), Palestine (X tons), Sri Lanka (X tons), Macao SAR (X tons), Israel (X tons) and Jordan (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Palestine (with a CAGR of +60.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest slaked lime importing markets in Asia were the Philippines ($X), Singapore ($X) and India ($X), with a combined 59% share of total imports. China, Hong Kong SAR, Kazakhstan, Oman, the United Arab Emirates, Palestine, Sri Lanka, Israel, Macao SAR and Jordan lagged somewhat behind, together comprising a further 27%.

Among the main importing countries, Palestine, with a CAGR of +65.4%, 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

In 2021, the import price in Asia amounted to $X per ton, increasing by 14% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2016 when the import price increased by 17% against the previous year. Over the period under review, import prices reached the maximum in 2021 and is likely to see steady growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+7.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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