South-Eastern Asia: Market for Limestone Flux, Limestone And Calcareous Stone 2024

Market Size for Limestone Flux, Limestone And Calcareous Stone in South-Eastern Asia

The Southeast Asian limestone flux and limestone market amounted to $X in 2022, standing approx. at the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Production of Limestone Flux, Limestone And Calcareous Stone in South-Eastern Asia

In value terms, limestone flux and limestone production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 17% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Limestone Flux, Limestone And Calcareous Stone

Exports in South-Eastern Asia

In 2022, shipments abroad of limestone flux, limestone and calcareous stone was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Total exports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -36.8% against 2018 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 55% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, limestone flux and limestone exports soared to $X in 2022. Total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -38.4% against 2018 indices. The pace of growth was the most pronounced in 2015 with an increase of 46%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Vietnam (X tons) was the key exporter of limestone flux, limestone and calcareous stone, generating 50% of total exports. Malaysia (X tons) held the second position in the ranking, distantly followed by the Philippines (X tons) and Thailand (X tons). All these countries together held near 50% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Vietnam (with a CAGR of +8.7%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Vietnam ($X) and Thailand ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 96% of total exports.

In terms of the main exporting countries, Thailand, with a CAGR of +14.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, growing by 2.9% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 24%. Over the period under review, the export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+15.6%), while the other leaders experienced more modest paces of growth.

Imports of Limestone Flux, Limestone And Calcareous Stone

Imports in South-Eastern Asia

In 2022, purchases abroad of limestone flux, limestone and calcareous stone increased by 37% to X tons, rising for the second year in a row after two years of decline. In general, imports showed significant growth. The pace of growth was the most pronounced in 2018 with an increase of 105%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, limestone flux and limestone imports surged to $X in 2022. Overall, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 105%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Indonesia prevails in imports structure, accounting for X tons, which was near 93% of total imports in 2022. It was distantly followed by Singapore (X tons), achieving a 4.6% share of total imports. Cambodia (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to limestone flux and limestone imports into Indonesia stood at +43.7%. At the same time, Cambodia (+68.5%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +68.5% from 2012-2022. By contrast, Singapore (-5.8%) illustrated a downward trend over the same period. Indonesia (+72 p.p.) and Cambodia (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Singapore saw its share reduced by -64.9% from 2012 to 2022, respectively.

In value terms, Indonesia ($X) constitutes the largest market for imported limestone flux, limestone and calcareous stone in South-Eastern Asia, comprising 94% of total imports. The second position in the ranking was held by Singapore ($X), with a 3.2% share of total imports.

In Indonesia, limestone flux and limestone imports increased at an average annual rate of +31.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (-5.2% per year) and Cambodia (+42.4% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, surging by 15% against the previous year. In general, the import price, however, continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2019 when the import price increased by 45% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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