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

Market Size for Limestone Flux, Limestone And Calcareous Stone in the Philippines

The Philippine limestone flux and limestone market was estimated at $X in 2022, growing by 2.1% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Production of Limestone Flux, Limestone And Calcareous Stone in the Philippines

In value terms, limestone flux and limestone production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 14%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Limestone Flux, Limestone And Calcareous Stone

Exports from the Philippines

In 2022, the amount of limestone flux, limestone and calcareous stone exported from the Philippines dropped dramatically to X tons, waning by -50.3% compared with the year before. In general, exports, however, continue to indicate a slight increase. The most prominent rate of growth was recorded in 2018 when exports increased by 374%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, limestone flux and limestone exports shrank markedly to $X in 2022. Overall, exports, however, continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2018 with an increase of 381% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

New Caledonia (X tons) was the main destination for limestone flux and limestone exports from the Philippines, accounting for a 81% share of total exports. Moreover, limestone flux and limestone exports to New Caledonia exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Caledonia amounted to +23.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-15.2% per year) and Indonesia (-21.2% per year).

In value terms, New Caledonia ($X) remains the key foreign market for limestone flux, limestone and calcareous stone exports from the Philippines, comprising 83% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 9.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to New Caledonia amounted to +29.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-15.8% per year) and Indonesia (-21.9% per year).

Export Prices by Country

In 2022, the average limestone flux and limestone export price amounted to $X per ton, increasing by 13% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% 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 increased by +31.2% against 2019 indices. The pace of growth was the most pronounced in 2016 an increase of 31% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was New Caledonia ($X per ton), while the average price for exports to Indonesia ($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 New Caledonia (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Limestone Flux, Limestone And Calcareous Stone

Imports into the Philippines

After two years of decline, supplies from abroad of limestone flux, limestone and calcareous stone increased by 37% to X tons in 2022. Overall, imports, however, showed a precipitous slump. The pace of growth was the most pronounced in 2017 when imports increased by 6,422%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, limestone flux and limestone imports skyrocketed to $X in 2022. In general, imports, however, saw a sharp shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 8,195% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Japan (X tons) was the main supplier of limestone flux and limestone to the Philippines, with a 98% share of total imports. It was followed by Thailand (X tons), with a 2.3% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Japan totaled +76.5%.

In value terms, Japan ($X) constituted the largest supplier of limestone flux, limestone and calcareous stone to the Philippines, comprising 97% of total imports. The second position in the ranking was taken by Thailand ($X), with a 2.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Japan totaled +82.8%.

Import Prices by Country

In 2022, the average limestone flux and limestone import price amounted to $X per ton, growing by 4.8% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2015 an increase of 105% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Japan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+15.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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