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

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

The Malaysian limestone flux and limestone market fell to $X in 2022, which is down by -8.7% against the previous year. Overall, consumption continues to indicate a pronounced curtailment. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Limestone Flux, Limestone And Calcareous Stone in Malaysia

In value terms, limestone flux and limestone production shrank to $X in 2022 estimated in export price. Over the period under review, production saw a mild downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by 35%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Limestone Flux, Limestone And Calcareous Stone

Exports from Malaysia

In 2022, shipments abroad of limestone flux, limestone and calcareous stone was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by 36% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, limestone flux and limestone exports skyrocketed to $X in 2022. Overall, exports saw strong growth. The pace of growth was the most pronounced in 2015 with an increase of 56% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons), Japan (X tons) and Indonesia (X tons) were the main destinations of limestone flux and limestone exports from Malaysia, with a combined 90% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +4.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, India ($X) remains the key foreign market for limestone flux, limestone and calcareous stone exports from Malaysia, comprising 55% of total exports. The second position in the ranking was held by Japan ($X), with a 22% share of total exports. It was followed by Singapore, with a 9.6% share.

From 2012 to 2022, the average annual growth rate of value to India amounted to +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+6.0% per year) and Singapore (+1.2% per year).

Export Prices by Country

In 2022, the average limestone flux and limestone export price amounted to $X per ton, picking up by 8.2% against the previous year. Overall, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, limestone flux and limestone export price decreased by -10.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 59% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, 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 Singapore ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Indonesia (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Limestone Flux, Limestone And Calcareous Stone

Imports into Malaysia

In 2022, approx. X tons of limestone flux, limestone and calcareous stone were imported into Malaysia; jumping by 109% against the previous year. Over the period under review, imports recorded significant growth. The growth pace was the most rapid in 2019 with an increase of 174%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, limestone flux and limestone imports fell slightly to $X in 2022. Overall, imports posted modest growth. The pace of growth was the most pronounced in 2013 with an increase of 168%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Vietnam (X tons) was the main supplier of limestone flux and limestone to Malaysia, with a 99.9% share of total imports. It was followed by Singapore (X kg), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Vietnam totaled +85.6%.

In value terms, Vietnam ($X) constituted the largest supplier of limestone flux, limestone and calcareous stone to Malaysia, comprising 100% of total imports. The second position in the ranking was taken by Singapore ($X), with a 0.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Vietnam totaled +49.9%.

Import Prices by Country

In 2022, the average limestone flux and limestone import price amounted to $X per ton, falling by -52.8% against the previous year. Overall, the import price saw a abrupt decline. The most prominent rate of growth was recorded in 2018 an increase of 50%. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Vietnam totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+113.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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