Japan: Slaked Lime Market 2024

Slaked Lime Market Size in Japan

The Japanese slaked lime market rose remarkably to $X in 2021, growing by 12% against the previous year. In general, consumption, however, recorded a drastic downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Slaked Lime Production in Japan

In value terms, slaked lime production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when the production volume increased by 34% against the previous year. Slaked lime production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Slaked Lime Exports

Exports from Japan

In 2021, approx. X tons of slaked lime were exported from Japan; increasing by 13% against the previous year. Over the period under review, total exports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +55.1% against 2015 indices. The pace of growth appeared the most rapid in 2013 with an increase of 63% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, slaked lime exports soared to $X in 2021. The total export value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2016 when exports increased by 19% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Taiwan (Chinese) (X tons), China (X tons) and South Korea (X tons) were the main destinations of slaked lime exports from Japan, together accounting for 79% of total exports. Singapore, Australia, Thailand, Indonesia and Malaysia lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +37.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for slaked lime exported from Japan were China ($X), South Korea ($X) and Taiwan (Chinese) ($X), together accounting for 81% of total exports. These countries were followed by Singapore, Thailand, Indonesia, Australia and Malaysia, which together accounted for a further 12%.

In terms of the main countries of destination, Australia, with a CAGR of +34.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average slaked lime export price amounted to $X per ton, picking up by 2.2% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2015 an increase of 20% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Australia ($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 Malaysia (+3.5%), while the prices for the other major destinations experienced a decline.

Slaked Lime Imports

Imports into Japan

In 2021, the amount of slaked lime imported into Japan fell notably to X tons, waning by -25.4% against the previous year's figure. Over the period under review, imports, however, showed buoyant growth. The growth pace was the most rapid in 2020 when imports increased by 548% against the previous year. As a result, imports reached the peak of X tons, and then contracted dramatically in the following year.

In value terms, slaked lime imports fell remarkably to $X in 2021. Overall, imports, however, posted a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 511%. As a result, imports reached the peak of $X, and then dropped dramatically in the following year.

Imports by Country

Malaysia (X tons), China (X tons) and Germany (X tons) were the main suppliers of slaked lime imports to Japan, with a combined 94% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +120.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest slaked lime suppliers to Japan were China ($X), Malaysia ($X) and Germany ($X), with a combined 93% share of total imports.

Malaysia, with a CAGR of +106.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average slaked lime import price stood at $X per ton in 2021, growing by 9.4% against the previous year. In general, import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, slaked lime import price increased by +56.4% against 2016 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 31%. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+16.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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