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

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

The Indonesian limestone flux and limestone market rose modestly to $X in 2022, increasing by 2.5% against the previous year. The market value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Limestone flux and limestone consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Limestone Flux, Limestone And Calcareous Stone in Indonesia

In value terms, limestone flux and limestone production expanded slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.4% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 30% against the previous year. Limestone flux and limestone production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Limestone Flux, Limestone And Calcareous Stone

Exports from Indonesia

After two years of growth, overseas shipments of limestone flux, limestone and calcareous stone decreased by -31.1% to X tons in 2022. In general, exports saw a perceptible slump. The pace of growth appeared the most rapid in 2021 when exports increased by 166% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, limestone flux and limestone exports dropped significantly to $X in 2022. Over the period under review, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 76%. The exports peaked at $X in 2021, and then declined significantly in the following year.

Exports by Country

Cambodia (X tons), Canada (X tons) and the Philippines (X tons) were the main destinations of limestone flux and limestone exports from Indonesia, with a combined 91% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +81.9%), while the other leaders experienced more modest paces of growth.

In value terms, Cambodia ($X) remains the key foreign market for limestone flux, limestone and calcareous stone exports from Indonesia, comprising 91% of total exports. The second position in the ranking was held by the Philippines ($X), with a 3.4% share of total exports. It was followed by Canada, with a 2% share.

From 2012 to 2022, the average annual growth rate of value to Cambodia amounted to +20.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+16.4% per year) and Canada (+68.2% per year).

Export Prices by Country

The average limestone flux and limestone export price stood at $X per ton in 2022, picking up by 23% against the previous year. Overall, the export price showed resilient growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 59% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while the average price for exports to Canada ($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 India (+37.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Limestone Flux, Limestone And Calcareous Stone

Imports into Indonesia

In 2022, overseas purchases of limestone flux, limestone and calcareous stone increased by 39% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports posted a significant increase. The growth pace was the most rapid in 2014 when imports increased by 156% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, limestone flux and limestone imports skyrocketed to $X in 2022. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 130% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest limestone flux and limestone supplier to Indonesia, accounting for a 86% share of total imports. Moreover, limestone flux and limestone imports from Vietnam exceeded the figures recorded by the second-largest supplier, Thailand (X tons), sevenfold. Malaysia (X tons) ranked third in terms of total imports with a 1.5% share.

From 2012 to 2022, the average annual growth rate of volume from Vietnam totaled +99.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+44.9% per year) and Malaysia (+5.9% per year).

In value terms, Vietnam ($X) constituted the largest supplier of limestone flux, limestone and calcareous stone to Indonesia, comprising 75% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 21% share of total imports. It was followed by Thailand, with a 1.3% share.

From 2012 to 2022, the average annual growth rate of value from Vietnam totaled +113.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+21.1% per year) and Thailand (+21.9% per year).

Import Prices by Country

In 2022, the average limestone flux and limestone import price amounted to $X per ton, growing by 20% against the previous year. Overall, the import price, however, showed a deep slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by 50%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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