Central Asia: Lime Market 2024

Lime Market Size in Central Asia

The Central Asian lime market declined to $X in 2021, waning by -6.3% against the previous year. In general, consumption, however, continues to indicate a mild setback. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Lime Production in Central Asia

In value terms, lime production fell to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 26% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Lime Exports

Exports in Central Asia

In 2021, approx. X tons of lime were exported in Central Asia; declining by -34.3% against 2020. Overall, exports, however, posted significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 3,441% against the previous year. The volume of export peaked at X tons in 2020, and then fell notably in the following year.

In value terms, lime exports soared to $X in 2021. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2017 when exports increased by 1,833%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

Exports by Country

Uzbekistan dominates exports structure, resulting at X tons, which was approx. 95% of total exports in 2021. It was distantly followed by Kazakhstan (X tons), constituting a 4.6% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to lime exports from Uzbekistan stood at -2.7%. At the same time, Kazakhstan (+17.8%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +17.8% from 2012-2021. From 2012 to 2021, the share of Uzbekistan increased by +95 percentage points.

In value terms, Uzbekistan ($X) remains the largest lime supplier in Central Asia, comprising 95% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 4.6% share of total exports.

In Uzbekistan, lime exports expanded at an average annual rate of +13.5% over the period from 2012-2021.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, increasing by 78% against the previous year. In general, the export price showed slight growth. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+16.7%).

Lime Imports

Imports in Central Asia

In 2021, supplies from abroad of lime decreased by -8.5% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports continue to indicate a perceptible decline. The pace of growth appeared the most rapid in 2020 with an increase of 29%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, lime imports skyrocketed to $X in 2021. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 19%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Kazakhstan was the largest importing country with an import of about X tons, which recorded 84% of total imports. Kyrgyzstan (X tons) ranks second in terms of the total imports with a 10% share, followed by Mongolia (5.4%).

From 2012 to 2021, average annual rates of growth with regard to lime imports into Kazakhstan stood at -4.2%. At the same time, Kyrgyzstan (+3.4%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +3.4% from 2012-2021. By contrast, Mongolia (-1.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Kyrgyzstan increased by +4.8 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported lime in Central Asia, comprising 84% of total imports. The second position in the ranking was held by Mongolia ($X), with a 7.6% share of total imports.

In Kazakhstan, lime imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Mongolia (+6.4% per year) and Kyrgyzstan (-0.4% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, picking up by 27% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mongolia (+8.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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