Eastern Asia: Quicklime Market 2024

Quicklime Market Size in Eastern Asia

The East Asian quicklime market amounted to $X in 2022, approximately reflecting the previous year. In general, consumption recorded a pronounced reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Quicklime Production in Eastern Asia

In value terms, quicklime production totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2015 with an increase of 13%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Quicklime Exports

Exports in Eastern Asia

In 2022, overseas shipments of quicklime were finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. In general, exports, however, continue to indicate a pronounced slump. The pace of growth was the most pronounced in 2017 with an increase of 36% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, quicklime exports skyrocketed to $X in 2022. Total exports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 27%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China dominates exports structure, resulting at X tons, which was approx. 93% of total exports in 2022. It was distantly followed by Japan (X tons), comprising a 6.8% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to quicklime exports from China stood at -4.6%. At the same time, Japan (+10.5%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +10.5% from 2012-2022. Japan (+5.1 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -5.3% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest quicklime supplier in Eastern Asia, comprising 77% of total exports. The second position in the ranking was taken by Japan ($X), with a 22% share of total exports.

In China, quicklime exports increased at an average annual rate of +1.0% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, remaining constant against the previous year. Export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, quicklime export price increased by +84.8% against 2017 indices. The most prominent rate of growth was recorded in 2013 an increase of 40%. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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 Japan ($X per ton), while China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.9%).

Quicklime Imports

Imports in Eastern Asia

In 2022, after two years of growth, there was decline in overseas purchases of quicklime, when their volume decreased by -3.3% to X tons. In general, imports showed a pronounced slump. The pace of growth was the most pronounced in 2018 when imports increased by 12%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, quicklime imports fell slightly to $X in 2022. Over the period under review, imports recorded a slight contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 14%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) represented the major importing country with an import of about X tons, which accounted for 80% of total imports. It was distantly followed by South Korea (X tons), making up a 19% share of total imports.

Taiwan (Chinese) was also the fastest-growing in terms of the quicklime imports, with a CAGR of -3.6% from 2012 to 2022. South Korea (-4.9%) illustrated a downward trend over the same period. While the share of Taiwan (Chinese) (+5.4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Taiwan (Chinese) ($X) constitutes the largest market for imported quicklime in Eastern Asia, comprising 74% of total imports. The second position in the ranking was taken by South Korea ($X), with a 24% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Taiwan (Chinese) was relatively modest.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, rising by 2.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2014 an increase of 51%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while Taiwan (Chinese) totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.2%).

Source: IndexBox Platform

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