India: Slaked Lime Market 2024

Slaked Lime Market Size in India

In 2021, after four years of growth, there was decline in the Indian slaked lime market, when its value decreased by -3.8% to $X. Overall, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 8.1%. As a result, consumption reached the peak level of $X, and then contracted modestly in the following year.

Slaked Lime Production in India

In value terms, slaked lime production fell to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 9.9% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Slaked Lime Exports

Exports from India

In 2021, approx. X tons of slaked lime were exported from India; waning by -2% on 2020. Overall, exports continue to indicate a pronounced setback. The pace of growth appeared the most rapid in 2015 when exports increased by 647% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, slaked lime exports surged to $X in 2021. In general, exports saw a deep contraction. The pace of growth was the most pronounced in 2015 with an increase of 797%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Democratic Republic of the Congo (X tons), Nepal (X tons) and the United Arab Emirates (X tons) were the main destinations of slaked lime exports from India, together comprising 66% of total exports. These countries were followed by Australia, Sri Lanka, Bhutan and Malaysia, which together accounted for a further 26%.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +177.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Democratic Republic of the Congo ($X) and Malaysia ($X) were the largest markets for slaked lime exported from India worldwide, together accounting for 57% of total exports.

In terms of the main countries of destination, Malaysia, with a CAGR of +144.4%, saw the highest growth rate of 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

The average slaked lime export price stood at $X per ton in 2021, increasing by 17% against the previous year. Over the period under review, the export price, however, saw a perceptible decrease. The pace of growth was the most pronounced in 2019 when the average export price increased by 20%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Nepal ($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 Bhutan (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Slaked Lime Imports

Imports into India

Slaked lime imports into India skyrocketed to X tons in 2021, growing by 30% on the previous year's figure. In general, imports, however, showed a pronounced slump. The growth pace was the most rapid in 2018 when imports increased by 138%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, slaked lime imports soared to $X in 2021. Overall, imports posted a tangible increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Thailand (X tons) and the UK (X tons) were the main suppliers of slaked lime imports to India, with a combined 98% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +54.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of slaked lime to India, comprising 51% of total imports. The second position in the ranking was held by Thailand ($X), with a 25% share of total imports. It was followed by the UK, with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +25.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+83.0% per year) and the UK (+8.5% per year).

Import Prices by Country

The average slaked lime import price stood at $X per ton in 2021, surging by 64% against the previous year. In general, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, slaked lime import price increased by +118.5% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 the UK ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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