Malaysia: Slaked Lime Market 2024

Slaked Lime Market Size in Malaysia

The Malaysian slaked lime market rose notably to $X in 2021, growing by 8.2% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Slaked lime consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Slaked Lime Production in Malaysia

In value terms, slaked lime production rose to $X in 2021 estimated in export price. Overall, production, however, showed a slight slump. The growth pace was the most rapid in 2017 when the production volume increased by 19%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Slaked Lime Exports

Exports from Malaysia

In 2021, slaked lime exports from Malaysia shrank to X tons, which is down by -8.4% against 2020. Overall, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 31% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, slaked lime exports reached $X in 2021. In general, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2017 when exports increased by 24% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons), the Philippines (X tons) and China (X tons) were the main destinations of slaked lime exports from Malaysia, together comprising 81% of total exports. Australia, South Korea, Indonesia and India lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +61.6%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the key foreign market for slaked lime exports from Malaysia, comprising 55% of total exports. The second position in the ranking was held by the Philippines ($X), with a 14% share of total exports. It was followed by China, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore totaled +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (-21.0% per year) and China (+11.0% per year).

Export Prices by Country

The average slaked lime export price stood at $X per ton in 2021, surging by 9.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2016 an increase of 20%. The export price peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to the Philippines ($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 India (+5.8%), while the prices for the other major destinations experienced mixed trend patterns.

Slaked Lime Imports

Imports into Malaysia

In 2021, overseas purchases of slaked lime increased by 9.5% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by 48%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, slaked lime imports surged to $X in 2021. Overall, imports, however, showed a deep reduction. The pace of growth appeared the most rapid in 2020 when imports increased by 75%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tons), Myanmar (X tons) and India (X tons) were the main suppliers of slaked lime imports to Malaysia, with a combined 81% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +241.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Myanmar ($X) and India ($X) were the largest slaked lime suppliers to Malaysia, together accounting for 83% of total imports.

In terms of the main suppliers, India, with a CAGR of +307.8%, 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

In 2021, the average slaked lime import price amounted to $X per ton, with an increase of 9% against the previous year. Over the last nine years, it increased at an average annual rate of +5.6%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 44%. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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