India: Market for Gypsum, Anhydrite And Limestone 2024

Market Size for Gypsum, Anhydrite And Limestone in India

In 2021, the Indian gypsum, anhydrite and limestone market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Gypsum, Anhydrite And Limestone in India

In value terms, gypsum, anhydrite and limestone production expanded markedly to $X in 2021 estimated in export price. In general, production, however, showed a abrupt curtailment. The growth pace was the most rapid in 2015 when the production volume increased by 34% against the previous year. Gypsum, anhydrite and limestone production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Gypsum, Anhydrite And Limestone

Exports from India

In 2021, approx. X tons of gypsum, anhydrite and limestone were exported from India; jumping by 90% on the year before. In general, total exports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -5.9% against 2019 indices. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, gypsum, anhydrite and limestone exports soared to $X in 2021. Overall, total exports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -22.9% against 2019 indices. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bangladesh (X tons) was the main destination for gypsum, anhydrite and limestone exports from India, with a 91% share of total exports. Moreover, gypsum, anhydrite and limestone exports to Bangladesh exceeded the volume sent to the second major destination, Nepal (X tons), more than tenfold. The third position in this ranking was held by the United States (X tons), with a 1.6% share.

From 2012 to 2021, the average annual growth rate of volume to Bangladesh amounted to +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (+24.3% per year) and the United States (+44.2% per year).

In value terms, Bangladesh ($X) remains the key foreign market for gypsum, anhydrite and limestone exports from India, comprising 57% of total exports. The second position in the ranking was held by Nepal ($X), with a 17% share of total exports. It was followed by the United States, with a 16% share.

From 2012 to 2021, the average annual growth rate of value to Bangladesh was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (+28.0% per year) and the United States (+36.2% per year).

Export Prices by Country

In 2021, the average gypsum, anhydrite and limestone export price amounted to $X per ton, falling by -17.1% against the previous year. Over the period under review, the export price saw a mild contraction. The most prominent rate of growth was recorded in 2017 an increase of 26% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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 the United States ($X per ton), while the average price for exports to Bangladesh ($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 Nepal (+2.9%), while the prices for the other major destinations experienced a decline.

Imports of Gypsum, Anhydrite And Limestone

Imports into India

Gypsum, anhydrite and limestone imports into India soared to X tons in 2021, with an increase of 17% on the year before. Over the period under review, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 22%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, gypsum, anhydrite and limestone imports surged to $X in 2021. In general, imports posted a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest gypsum, anhydrite and limestone supplier to India, accounting for a 74% share of total imports. Moreover, gypsum, anhydrite and limestone imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Oman (X tons), fourfold. Iran (X tons) ranked third in terms of total imports with a 3.1% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates amounted to +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (+30.4% per year) and Iran (+6.5% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of gypsum, anhydrite and limestone to India, comprising 68% of total imports. The second position in the ranking was taken by Oman ($X), with a 14% share of total imports. It was followed by Malaysia, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates stood at +14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (+27.3% per year) and Malaysia (+9.9% per year).

Import Prices by Country

In 2021, the average gypsum, anhydrite and limestone import price amounted to $X per ton, surging by 22% against the previous year. In general, the import price, however, recorded a mild decrease. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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