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

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

The Pakistani limestone flux and limestone market rose rapidly to $X in 2022, increasing by 5% against the previous year. In general, consumption showed a slight setback. Limestone flux and limestone consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Limestone Flux, Limestone And Calcareous Stone in Pakistan

In value terms, limestone flux and limestone production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production showed a mild contraction. The most prominent rate of growth was recorded in 2020 with an increase of 32% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Limestone Flux, Limestone And Calcareous Stone

Exports from Pakistan

Limestone flux and limestone exports from Pakistan reduced rapidly to X tons in 2022, with a decrease of -35.2% compared with the previous year. Over the period under review, exports, however, continue to indicate a moderate expansion. The pace of growth was the most pronounced in 2014 with an increase of 222%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, limestone flux and limestone exports declined significantly to $X in 2022. In general, exports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by 315%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Bangladesh (X tons) was the main destination for limestone flux and limestone exports from Pakistan, accounting for a 76% share of total exports. Moreover, limestone flux and limestone exports to Bangladesh exceeded the volume sent to the second major destination, South Korea (X tons), sixfold. Kenya (X tons) ranked third in terms of total exports with a 5.3% share.

From 2012 to 2022, the average annual growth rate of volume to Bangladesh amounted to +44.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+0.5% per year) and Kenya (-12.9% per year).

In value terms, Bangladesh ($X) remains the key foreign market for limestone flux, limestone and calcareous stone exports from Pakistan, comprising 85% of total exports. The second position in the ranking was held by South Korea ($X), with a 6.2% share of total exports. It was followed by the United Arab Emirates, with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bangladesh totaled +72.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+4.8% per year) and the United Arab Emirates (+7.4% per year).

Export Prices by Country

In 2022, the average limestone flux and limestone export price amounted to $X per ton, reducing by -4.2% against the previous year. Over the period under review, the export price, however, recorded noticeable growth. The most prominent rate of growth was recorded in 2021 an increase of 71%. As a result, the export price attained the peak level of $X per ton, and then declined in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Kenya ($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 the United Arab Emirates (+28.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Limestone Flux, Limestone And Calcareous Stone

Imports into Pakistan

In 2022, imports of limestone flux, limestone and calcareous stone into Pakistan contracted rapidly to X tons, which is down by -34.6% compared with the year before. In general, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2015 with an increase of 1,063% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, limestone flux and limestone imports shrank sharply to $X in 2022. Over the period under review, imports saw a drastic downturn. The growth pace was the most rapid in 2015 when imports increased by 865% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), Iran (X tons) and the United States (X tons) were the main suppliers of limestone flux and limestone imports to Pakistan, with a combined 87% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of -7.4%), while imports for the other leaders experienced a decline.

In value terms, the United States ($X) constituted the largest supplier of limestone flux, limestone and calcareous stone to Pakistan, comprising 62% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an 8.7% share of total imports. It was followed by India, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+1.6% per year) and India (-10.8% per year).

Import Prices by Country

The average limestone flux and limestone import price stood at $X per ton in 2022, which is down by -13.5% against the previous year. Over the period under review, the import price, however, showed moderate growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by 103%. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+22.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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