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

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

The Chinese limestone flux and limestone market was estimated at $X in 2022, rising by 4.9% against the previous year. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.0% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Limestone Flux, Limestone And Calcareous Stone in China

In value terms, limestone flux and limestone production rose significantly to $X in 2022 estimated in export price. Overall, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +8.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.5% against 2020 indices. The growth pace was the most rapid in 2013 when the production volume increased by 45% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Limestone Flux, Limestone And Calcareous Stone

Exports from China

For the third year in a row, China recorded growth in shipments abroad of limestone flux, limestone and calcareous stone, which increased by 28% to X tons in 2022. Overall, exports posted a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 640% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, limestone flux and limestone exports stood at $X in 2022. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 872%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Malaysia (X tons) was the main destination for limestone flux and limestone exports from China, accounting for a 34% share of total exports. Moreover, limestone flux and limestone exports to Malaysia exceeded the volume sent to the second major destination, South Africa (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia stood at +61.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+36.9% per year) and South Korea (-31.4% per year).

In value terms, Malaysia ($X) remains the key foreign market for limestone flux, limestone and calcareous stone exports from China, comprising 42% of total exports. The second position in the ranking was held by South Africa ($X), with a 1.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia totaled +72.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+29.8% per year) and South Korea (-14.9% per year).

Export Prices by Country

In 2022, the average limestone flux and limestone export price amounted to $X per ton, dropping by -16.3% against the previous year. Overall, the export price, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2017 an increase of 86% against the previous year. The export price peaked at $X per ton in 2021, and then dropped significantly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+24.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Limestone Flux, Limestone And Calcareous Stone

Imports into China

In 2022, overseas purchases of limestone flux, limestone and calcareous stone decreased by -86.2% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 14,944%. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, limestone flux and limestone imports rose rapidly to $X in 2022. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2019 with an increase of 3,175%. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

South Korea (X tons), Malaysia (X tons) and France (X tons) were the main suppliers of limestone flux and limestone imports to China, together comprising 92% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +141.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), South Korea ($X) and the United States ($X) appeared to be the largest limestone flux and limestone suppliers to China, with a combined 75% share of total imports.

Among the main suppliers, Malaysia, with a CAGR of +144.8%, saw 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

The average limestone flux and limestone import price stood at $X per ton in 2022, growing by 662% against the previous year. Overall, the import price, however, continues to indicate a noticeable downturn. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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