Singapore: Slaked Lime Market 2025

Slaked Lime Market Size in Singapore

The Singaporean slaked lime market soared to $X in 2021, jumping by 55% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed a resilient expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Slaked Lime Exports

Exports from Singapore

In 2021, shipments abroad of slaked lime decreased by -65.4% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2013 when exports increased by 192% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, slaked lime exports fell dramatically to $X in 2021. In general, exports recorded a noticeable curtailment. The pace of growth was the most pronounced in 2013 with an increase of 193% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for slaked lime exports from Singapore, accounting for a 59% share of total exports. Moreover, slaked lime exports to Russia exceeded the volume sent to the second major destination, China (X tons), threefold. Japan (X tons) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+7.7% per year) and Japan (+30.6% per year).

In value terms, Russia ($X) remains the key foreign market for slaked lime exports from Singapore, comprising 55% of total exports. The second position in the ranking was held by China ($X), with a 25% share of total exports. It was followed by Japan, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+17.3% per year) and Japan (+16.3% per year).

Export Prices by Country

The average slaked lime export price stood at $X per ton in 2021, rising by 68% against the previous year. Over the period under review, the export price enjoyed temperate growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Indonesia ($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 Cambodia (+65.2%), while the prices for the other major destinations experienced more modest paces of growth.

Slaked Lime Imports

Imports into Singapore

Slaked lime imports into Singapore skyrocketed to X tons in 2021, rising by 38% compared with the year before. In general, imports recorded a resilient increase. The pace of growth was the most pronounced in 2017 when imports increased by 41% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, slaked lime imports surged to $X in 2021. Overall, imports enjoyed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest supplier of slaked lime to Singapore, accounting for a 70% share of total imports. Moreover, slaked lime imports from Malaysia exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from Malaysia stood at +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+98.9% per year) and Belgium (-17.4% per year).

In value terms, Malaysia ($X), the UK ($X) and Belgium ($X) were the largest slaked lime suppliers to Singapore, together comprising 96% of total imports.

The UK, with a CAGR of +65.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average slaked lime import price stood at $X per ton in 2021, surging by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 18% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (-1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :