China: Slaked Lime Market 2024

Slaked Lime Market Size in China

The Chinese slaked lime market reduced slightly to $X in 2021, with a decrease of -2.9% against the previous year. The market value increased at an average annual rate of +3.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Slaked Lime Production in China

In value terms, slaked lime production shrank modestly to $X in 2021 estimated in export price. Overall, the total production indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +3.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 43% against the previous year. Slaked lime production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Slaked Lime Exports

Exports from China

Slaked lime exports from China contracted markedly to X tons in 2021, which is down by -16.9% compared with the year before. Over the period under review, exports recorded a mild contraction. The growth pace was the most rapid in 2013 when exports increased by 73%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, slaked lime exports rose markedly to $X in 2021. In general, exports, however, saw resilient growth. The growth pace was the most rapid in 2013 with an increase of 111% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for slaked lime exports from China, with a 62% share of total exports. Moreover, slaked lime exports to Hong Kong SAR exceeded the volume sent to the second major destination, Russia (X tons), more than tenfold. India (X tons) ranked third in terms of total exports with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hong Kong SAR amounted to +7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-8.8% per year) and India (+41.1% per year).

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for slaked lime exports from China, comprising 39% of total exports. The second position in the ranking was held by Germany ($X), with an 11% share of total exports. It was followed by Bangladesh, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Hong Kong SAR amounted to +11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+25.9% per year) and Bangladesh (+220.5% per year).

Export Prices by Country

In 2021, the average slaked lime export price amounted to $X per ton, increasing by 29% against the previous year. In general, export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, slaked lime export price increased by +33.0% against 2019 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 65% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+26.2%), while the prices for the other major destinations experienced more modest paces of growth.

Slaked Lime Imports

Imports into China

After five years of growth, supplies from abroad of slaked lime decreased by -4.4% to X tons in 2021. Overall, imports, however, posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 82%. As a result, imports reached the peak of X tons, and then contracted in the following year.

In value terms, slaked lime imports dropped slightly to $X in 2021. In general, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 90%. Imports peaked at $X in 2020, and then fell modestly in the following year.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest supplier of slaked lime to China, accounting for a 59% share of total imports. Moreover, slaked lime imports from Malaysia exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. The UK (X tons) ranked third in terms of total imports with a 9% share.

From 2012 to 2021, the average annual growth rate of volume from Malaysia amounted to +65.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+101.0% per year) and the UK (+66.4% per year).

In value terms, Malaysia ($X) constituted the largest supplier of slaked lime to China, comprising 39% of total imports. The second position in the ranking was taken by Belgium ($X), with a 15% share of total imports. It was followed by Japan, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Malaysia amounted to +58.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+83.7% per year) and Japan (+18.5% per year).

Import Prices by Country

The average slaked lime import price stood at $X per ton in 2021, approximately reflecting the previous year. Over the period under review, the import price recorded a noticeable slump. The growth pace was the most rapid in 2013 an increase of 39%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+12.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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