South-Eastern Asia: Calcium Carbonate Market 2024

Calcium Carbonate Market Size in South-Eastern Asia

In 2021, the Southeast Asian calcium carbonate market increased by 23% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, showed a perceptible curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Calcium Carbonate Production in South-Eastern Asia

In value terms, calcium carbonate production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.4% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Calcium Carbonate Exports

Exports in South-Eastern Asia

In 2021, calcium carbonate exports in South-Eastern Asia reached X tons, almost unchanged from the previous year's figure. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -15.9% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 43% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, calcium carbonate exports rose notably to $X in 2021. Total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -4.4% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of 28% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam represented the largest exporting country with an export of around X tons, which resulted at 57% of total exports. It was distantly followed by Malaysia (X tons) and Thailand (X tons), together creating a 42% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Vietnam (with a CAGR of +27.0%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest calcium carbonate supplying countries in South-Eastern Asia were Malaysia ($X), Vietnam ($X) and Thailand ($X), together accounting for 98% of total exports.

In terms of the main exporting countries, Vietnam, with a CAGR of +16.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, growing by 8% against the previous year. In general, the export price, however, recorded a noticeable decline. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Thailand ($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 (+0.9%), while the other leaders experienced a decline in the export price figures.

Calcium Carbonate Imports

Imports in South-Eastern Asia

After five years of growth, overseas purchases of calcium carbonate decreased by -1% to X tons in 2021. The total import volume increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of 19% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then shrank slightly in the following year.

In value terms, calcium carbonate imports expanded remarkably to $X in 2021. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 15%. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

In 2021, Indonesia (X tons), distantly followed by the Philippines (X tons), Myanmar (X tons), Thailand (X tons), Cambodia (X tons), Malaysia (X tons), Vietnam (X tons) and Singapore (X tons) represented the main importers of calcium carbonate, together creating 95% of total imports.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +11.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constitutes the largest market for imported calcium carbonate in South-Eastern Asia, comprising 35% of total imports. The second position in the ranking was taken by Thailand ($X), with a 16% share of total imports. It was followed by the Philippines, with a 12% share.

In Indonesia, calcium carbonate imports increased at an average annual rate of +4.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (+5.0% per year) and the Philippines (-1.2% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, surging by 14% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cambodia (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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