CIS: Lime Market 2024

Lime Market Size in CIS

The CIS lime market declined to $X in 2021, standing approx. at the previous year. Over the period under review, consumption continues to indicate a perceptible shrinkage. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Lime Production in CIS

In value terms, lime production stood at $X in 2021 estimated in export price. In general, production continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 when the production volume increased by 18% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Lime Exports

Exports in CIS

In 2021, overseas shipments of lime increased by 4.4% to X tons, rising for the sixth year in a row after three years of decline. In general, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 98% against the previous year. The volume of export peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, lime exports surged to $X in 2021. Overall, exports showed a resilient increase. The pace of growth appeared the most rapid in 2016 with an increase of 67%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

Russia represented the main exporter of lime in the CIS, with the volume of exports recording X tons, which was near 63% of total exports in 2021. Belarus (X tons) took the second position in the ranking, followed by Uzbekistan (X tons). All these countries together took near 34% share of total exports. Azerbaijan (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to lime exports from Russia stood at +15.1%. At the same time, Azerbaijan (+278.4%) and Belarus (+5.1%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +278.4% from 2012-2021. By contrast, Uzbekistan (-2.7%) illustrated a downward trend over the same period. Uzbekistan (+17 p.p.), Azerbaijan (+1.7 p.p.) and Russia (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while Belarus saw its share reduced by -20.5% from 2012 to 2021, respectively.

In value terms, Russia ($X) remains the largest lime supplier in the CIS, comprising 55% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 27% share of total exports. It was followed by Belarus, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia totaled +4.9%. In the other countries, the average annual rates were as follows: Uzbekistan (+13.5% per year) and Belarus (+0.4% per year).

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, picking up by 15% against the previous year. In general, the export price, however, saw a abrupt slump. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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 Uzbekistan ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+16.7%), while the other leaders experienced a decline in the export price figures.

Lime Imports

Imports in CIS

In 2021, overseas purchases of lime decreased by -4.9% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 21% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, lime imports expanded modestly to $X in 2021. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 22% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Kazakhstan (X tons) represented the largest importer of lime, comprising 41% of total imports. Belarus (X tons) held a 23% share (based on physical terms) of total imports, which put it in second place, followed by Russia (17%), Armenia (11%) and Kyrgyzstan (5.1%). Moldova (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 leading importing countries, was attained by Armenia (with a CAGR of +37.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lime importing markets in the CIS were Kazakhstan ($X), Russia ($X) and Armenia ($X), with a combined 80% share of total imports.

Among the main importing countries, Armenia, with a CAGR of +34.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, with an increase of 9.9% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 23%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Armenia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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