Indonesia: Hydraulic Lime Market 2024

Hydraulic Lime Market Size in Indonesia

The Indonesian hydraulic lime market dropped to $X in 2022, with a decrease of -6.2% against the previous year. Overall, consumption saw a mild descent. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Hydraulic Lime Production in Indonesia

In value terms, hydraulic lime production contracted to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 28% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Hydraulic Lime Exports

Exports from Indonesia

In 2022, after two years of growth, there was significant decline in overseas shipments of hydraulic lime, when their volume decreased by -19.2% to X tons. In general, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2020 when exports increased by 166%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, hydraulic lime exports contracted significantly to $X in 2022. Over the period under review, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 109%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Philippines (X tons) was the main destination for hydraulic lime exports from Indonesia, accounting for a 91% share of total exports. Moreover, hydraulic lime exports to the Philippines exceeded the volume sent to the second major destination, Timor-Leste (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the Philippines stood at -12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Timor-Leste (+1.6% per year) and Thailand (-54.3% per year).

In value terms, the Philippines ($X) remains the key foreign market for hydraulic lime exports from Indonesia, comprising 75% of total exports. The second position in the ranking was held by Timor-Leste ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the Philippines stood at -7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Timor-Leste (+9.3% per year) and Thailand (-46.9% per year).

Export Prices by Country

In 2022, the average hydraulic lime export price amounted to $X per ton, with an increase of 2.6% against the previous year. Overall, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hydraulic lime export price decreased by -24.5% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 17% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Hydraulic Lime Imports

Imports into Indonesia

Hydraulic lime imports into Indonesia shrank markedly to X tons in 2022, which is down by -21.2% on 2021 figures. Overall, imports, however, recorded a moderate expansion. The most prominent rate of growth was recorded in 2016 with an increase of 292% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, hydraulic lime imports reduced markedly to $X in 2022. In general, imports, however, showed a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of 120% against the previous year. Imports peaked at $X in 2021, and then declined markedly in the following year.

Imports by Country

Malaysia (X tons), Belgium (X tons) and Singapore (X tons) were the main suppliers of hydraulic lime imports to Indonesia, with a combined 96% share of total imports. These countries were followed by South Korea, which accounted for a further 1.9%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +95.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hydraulic lime suppliers to Indonesia were Belgium ($X), Malaysia ($X) and Singapore ($X), together comprising 62% of total imports. South Korea lagged somewhat behind, comprising a further 0.6%.

In terms of the main suppliers, South Korea, with a CAGR of +59.5%, saw the highest growth rate of 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 average hydraulic lime import price stood at $X per ton in 2022, shrinking by -5.2% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hydraulic lime import price increased by +77.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 an increase of 60%. The import price peaked at $X per ton in 2021, and then contracted in the following year.

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 Belgium ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+431.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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