Eastern Europe: Lime Market 2024

Lime Market Size in Eastern Europe

After three years of decline, the East European lime market increased by 4.4% to $X in 2021. In general, consumption saw a noticeable downturn. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Lime Production in Eastern Europe

In value terms, lime production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt decline. The growth pace was the most rapid in 2017 with an increase of 20% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Lime Exports

Exports in Eastern Europe

After two years of decline, shipments abroad of lime increased by 12% to X tons in 2021. Total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 51%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, lime exports surged to $X in 2021. The total export value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 31%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

In 2021, Russia (X tons), Slovakia (X tons), the Czech Republic (X tons) and Poland (X tons) represented the major exporter of lime in Eastern Europe, comprising 85% of total export. It was distantly followed by Belarus (X tons), committing an 8.2% share of total exports. The following exporters - Bulgaria (X tons) and Romania (X tons) - together made up 4.7% of total exports.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +18.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest lime supplying countries in Eastern Europe were Russia ($X), the Czech Republic ($X) and Poland ($X), together accounting for 63% of total exports. These countries were followed by Slovakia, Belarus, Romania and Bulgaria, which together accounted for a further 35%.

Among the main exporting countries, Romania, with a CAGR of +32.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, surging by 9.5% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced decline. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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 Romania ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+11.4%), while the other leaders experienced mixed trends in the export price figures.

Lime Imports

Imports in Eastern Europe

In 2021, the amount of lime imported in Eastern Europe surged to X tons, increasing by 21% compared with the year before. Total imports indicated a pronounced expansion from 2012 to 2021: its volume 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, imports increased by +77.0% against 2015 indices. The most prominent rate of growth was recorded in 2016 with an increase of 24%. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, lime imports skyrocketed to $X in 2021. Total imports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +72.3% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Poland (X tons), Ukraine (X tons), the Czech Republic (X tons), Hungary (X tons), Slovakia (X tons), Belarus (X tons), Lithuania (X tons) and Russia (X tons) was the key importer of lime in Eastern Europe, generating 94% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Lithuania (with a CAGR of +12.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Ukraine ($X) and Slovakia ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 43% of total imports.

In terms of the main importing countries, Poland, with a CAGR of +10.6%, recorded the highest rates of growth with regard to 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 Europe stood at $X per ton in 2021, growing by 4.3% against the previous year. Over the period under review, the import price, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2017 an increase of 8.3%. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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