Eastern Asia: Hydraulic Lime Market 2024

Hydraulic Lime Market Size in Eastern Asia

The East Asian hydraulic lime market fell modestly to $X in 2022, approximately reflecting the previous year. Overall, consumption showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 4.2% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Hydraulic Lime Production in Eastern Asia

In value terms, hydraulic lime production declined modestly to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible decrease. The most prominent rate of growth was recorded in 2019 when the production volume increased by 6.3%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Hydraulic Lime Exports

Exports in Eastern Asia

In 2022, after two years of growth, there was significant decline in overseas shipments of hydraulic lime, when their volume decreased by -98.5% to X tons. In general, exports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2014 when exports increased by 811%. The volume of export peaked at X tons in 2021, and then reduced notably in the following year.

In value terms, hydraulic lime exports dropped remarkably to $X in 2022. Over the period under review, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 580%. As a result, the exports attained the peak of $X, and then declined sharply in the following year.

Exports by Country

Japan (X tons) and Taiwan (Chinese) (X tons) represented the main exporters of hydraulic lime in 2022, finishing at approx. 47% and 37% of total exports, respectively. It was distantly followed by South Korea (X tons), committing a 16% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +23.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) emerged as the largest hydraulic lime supplier in Eastern Asia, comprising 58% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Japan totaled +31.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (+13.8% per year) and South Korea (+9.1% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, surging by 314% against the previous year. Over the period under review, the export price recorded a buoyant increase. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.4%), while the other leaders experienced mixed trends in the export price figures.

Hydraulic Lime Imports

Imports in Eastern Asia

In 2022, the amount of hydraulic lime imported in Eastern Asia soared to X tons, jumping by 136% compared with the year before. In general, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2016 when imports increased by 220% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, hydraulic lime imports soared to $X in 2022. Over the period under review, imports saw buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 348%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Hong Kong SAR represented the key importer of hydraulic lime in Eastern Asia, with the volume of imports finishing at X tons, which was approx. 72% of total imports in 2022. Macao SAR (X tons) ranks second in terms of the total imports with an 11% share, followed by China (8.2%) and Taiwan (Chinese) (4.7%). South Korea (X tons) and Japan (X tons) held a relatively small share of total imports.

Hong Kong SAR was also the fastest-growing in terms of the hydraulic lime imports, with a CAGR of +23.1% from 2012 to 2022. At the same time, China (+13.1%), Japan (+9.5%) and Macao SAR (+4.2%) displayed positive paces of growth. By contrast, Taiwan (Chinese) (-8.7%) and South Korea (-15.0%) illustrated a downward trend over the same period. Hong Kong SAR (+52 p.p.) and China (+2.9 p.p.) significantly strengthened its position in terms of the total imports, while Macao SAR, Taiwan (Chinese) and South Korea saw its share reduced by -5%, -21.2% and -28.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X), China ($X) and Macao SAR ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 92% of total imports.

Among the main importing countries, China, with a CAGR of +19.8%, 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 import price in Eastern Asia stood at $X per ton in 2022, reducing by -45.7% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 51%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Macao SAR (+12.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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