India: Market for Limestone Flux, Limestone And Calcareous Stone 2024

Market Size for Limestone Flux, Limestone And Calcareous Stone in India

The Indian limestone flux and limestone market totaled $X in 2022, picking up by 1.6% against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Production of Limestone Flux, Limestone And Calcareous Stone in India

In value terms, limestone flux and limestone production fell slightly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 16%. Limestone flux and limestone production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Limestone Flux, Limestone And Calcareous Stone

Exports from India

In 2022, approx. X tons of limestone flux, limestone and calcareous stone were exported from India; with a decrease of -25.6% on 2021 figures. In general, exports continue to indicate a mild reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 58% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, limestone flux and limestone exports declined remarkably to $X in 2022. Overall, exports continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2021 with an increase of 59%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bangladesh (X tons) was the main destination for limestone flux and limestone exports from India, accounting for a 99% share of total exports. It was followed by the UK (X tons), with a 0.2% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Bangladesh stood at -1.4%.

In value terms, Bangladesh ($X) remains the key foreign market for limestone flux, limestone and calcareous stone exports from India, comprising 87% of total exports. The second position in the ranking was held by the UK ($X), with a 3.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Bangladesh totaled -2.9%.

Export Prices by Country

The average limestone flux and limestone export price stood at $X per ton in 2022, declining by -17.3% against the previous year. In general, the export price saw a perceptible curtailment. The growth pace was the most rapid in 2017 an increase of 24%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Bangladesh totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+4.2%).

Imports of Limestone Flux, Limestone And Calcareous Stone

Imports into India

In 2022, approx. X tons of limestone flux, limestone and calcareous stone were imported into India; with an increase of 9.3% on the year before. Over the period under review, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2019 with an increase of 30% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, limestone flux and limestone imports soared to $X in 2022. In general, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 43%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of limestone flux and limestone to India, with a 86% share of total imports. Moreover, limestone flux and limestone imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Oman (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates totaled +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (+40.6% per year) and Malaysia (+6.8% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of limestone flux, limestone and calcareous stone to India, comprising 82% of total imports. The second position in the ranking was taken by Oman ($X), with an 8.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates stood at +14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (+27.2% per year) and Malaysia (+5.1% per year).

Import Prices by Country

In 2022, the average limestone flux and limestone import price amounted to $X per ton, increasing by 8.2% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 26% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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