Indonesia: Quicklime Market 2024

Quicklime Market Size in Indonesia

The Indonesian quicklime market amounted to $X in 2022, rising by 4.3% against the previous year. Overall, consumption, however, saw a pronounced setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Quicklime Production in Indonesia

In value terms, quicklime production totaled $X in 2022 estimated in export price. Overall, production, however, showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2020 when the production volume increased by 14% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Quicklime Exports

Exports from Indonesia

Quicklime exports from Indonesia skyrocketed to X tons in 2022, jumping by 33% compared with the previous year's figure. Over the period under review, exports, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2018 with an increase of 316% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, quicklime exports surged to $X in 2022. In general, exports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 234% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X tons) was the main destination for quicklime exports from Indonesia, with a 91% share of total exports. Moreover, quicklime exports to Australia exceeded the volume sent to the second major destination, the Philippines (X tons), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia amounted to -10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (-15.3% per year) and India (-47.7% per year).

In value terms, the largest markets for quicklime exported from Indonesia were Australia ($X), the Philippines ($X) and India ($X), together comprising 99% of total exports.

The Philippines, with a CAGR of -2.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average quicklime export price stood at $X per ton in 2022, falling by -11.3% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 22% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

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 India ($X per ton), while the average price for exports to Australia ($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 (+17.6%), while the prices for the other major destinations experienced mixed trend patterns.

Quicklime Imports

Imports into Indonesia

In 2022, purchases abroad of quicklime increased by 25% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 93%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, quicklime imports skyrocketed to $X in 2022. Overall, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by 69% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest supplier of quicklime to Indonesia, with a 49% share of total imports. Moreover, quicklime imports from Malaysia exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. The third position in this ranking was held by Vietnam (X tons), with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia stood at +28.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+16.0% per year) and Vietnam (+5.7% per year).

In value terms, the largest quicklime suppliers to Indonesia were Malaysia ($X), Thailand ($X) and Vietnam ($X), with a combined 78% share of total imports. China and Singapore lagged somewhat behind, together accounting for a further 17%.

Among the main suppliers, China, with a CAGR of +43.9%, saw the highest rates of growth with regard to 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

In 2022, the average quicklime import price amounted to $X per ton, surging by 14% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 21%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Singapore ($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 (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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