Myanmar: Lime Market 2025

Lime Market Size in Myanmar

The Myanmar's lime market surged to $X in 2021, growing by 133% against the previous year. Overall, consumption recorded a significant expansion. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the immediate term.

Lime Production in Myanmar

In value terms, lime production reduced slightly to $X in 2021 estimated in export price. In general, production, however, posted a temperate expansion. The growth pace was the most rapid in 2020 with an increase of 9.2% against the previous year. As a result, production attained the peak level of $X, and then declined slightly in the following year.

Lime Exports

Exports from Myanmar

In 2021, after five years of growth, there was significant decline in overseas shipments of lime, when their volume decreased by -39% to X tons. Overall, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 361%. The exports peaked at X tons in 2020, and then shrank rapidly in the following year.

In value terms, lime exports declined dramatically to $X in 2021. Over the period under review, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 467% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for lime exports from Myanmar, with a 79% share of total exports. Moreover, lime exports to India exceeded the volume sent to the second major destination, Malaysia (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to India stood at +12.1%.

In value terms, Malaysia ($X) and India ($X) appeared to be the largest markets for lime exported from Myanmar worldwide.

Malaysia, with a CAGR of +49.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average lime export price stood at $X per ton in 2021, shrinking by -25.9% against the previous year. Overall, the export price showed a pronounced curtailment. The most prominent rate of growth was recorded in 2016 when the average export price increased by 28% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

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 Malaysia ($X per ton), while the average price for exports to India totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-4.4%).

Lime Imports

Imports into Myanmar

In 2021, the amount of lime imported into Myanmar soared to X tons, rising by 151% compared with 2020. In general, imports continue to indicate prominent growth. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, lime imports surged to $X in 2021. Over the period under review, imports posted buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of 146%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main supplier of lime to Myanmar, with a 96% share of total imports. It was followed by Thailand (X tons), with a 3.1% share of total imports. India (X tons) ranked third in terms of total imports with a 0.3% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-17.6% per year) and India (-29.7% per year).

In value terms, China ($X) constituted the largest supplier of lime to Myanmar, comprising 92% of total imports. The second position in the ranking was held by Thailand ($X), with a 5.8% share of total imports. It was followed by Singapore, with a 0.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +26.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-15.7% per year) and Singapore (+21.0% per year).

Import Prices by Country

In 2021, the average lime import price amounted to $X per ton, dropping by -4.7% against the previous year. Over the period under review, the import price, however, posted a mild expansion. The most prominent rate of growth was recorded in 2019 an increase of 55%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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 Singapore ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+59.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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