Singapore: Quicklime Market 2025

Quicklime Market Size in Singapore

In 2022, the Singaporean quicklime market increased by 6.3% to $X, rising for the second year in a row after three years of decline. Overall, consumption continues to indicate a noticeable decrease. Quicklime consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Quicklime Exports

Exports from Singapore

After two years of growth, overseas shipments of quicklime decreased by -64.7% to X tons in 2022. In general, exports showed a dramatic slump. The most prominent rate of growth was recorded in 2020 with an increase of 373%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, quicklime exports shrank remarkably to $X in 2022. Over the period under review, exports continue to indicate a sharp downturn. The pace of growth appeared the most rapid in 2020 with an increase of 321%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons) was the main destination for quicklime exports from Singapore, with a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Indonesia stood at -21.8%.

In value terms, Indonesia ($X) also remains the key foreign market for quicklime exports from Singapore.

From 2012 to 2022, the average annual growth rate of value to Indonesia totaled -22.6%.

Export Prices by Country

In 2022, the average quicklime export price amounted to $X per ton, surging by 6.2% against the previous year. Over the period under review, the export price, however, saw a mild slump. The pace of growth appeared the most rapid in 2017 when the average export price increased by 19%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Indonesia.

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to -1.0% per year.

Quicklime Imports

Imports into Singapore

After two years of growth, purchases abroad of quicklime decreased by -33.1% to X tons in 2022. In general, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, quicklime imports declined significantly to $X in 2022. Over the period under review, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 34%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest supplier of quicklime to Singapore, accounting for a 65% share of total imports. Moreover, quicklime imports from Malaysia exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold. Oman (X tons) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia stood at -7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-12.6% per year) and Oman (+100.8% per year).

In value terms, Malaysia ($X) constituted the largest supplier of quicklime to Singapore, comprising 70% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 15% share of total imports. It was followed by Oman, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia totaled -4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-14.3% per year) and Oman (+148.1% per year).

Import Prices by Country

In 2022, the average quicklime import price amounted to $X per ton, growing by 17% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the average import price increased by 32% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 Malaysia ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+23.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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