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

Market Size for Limestone Flux, Limestone And Calcareous Stone in Thailand

The Thai limestone flux and limestone market reduced to $X in 2022, with a decrease of -8.2% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Limestone Flux, Limestone And Calcareous Stone in Thailand

In value terms, limestone flux and limestone production reduced to $X in 2022 estimated in export price. Overall, production, however, recorded a noticeable expansion. The growth pace was the most rapid in 2019 with an increase of 80% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Limestone Flux, Limestone And Calcareous Stone

Exports from Thailand

In 2022, exports of limestone flux, limestone and calcareous stone from Thailand dropped sharply to X tons, reducing by -51.7% compared with 2021 figures. Over the period under review, exports continue to indicate a mild decline. The growth pace was the most rapid in 2021 with an increase of 1,909% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, limestone flux and limestone exports expanded remarkably to $X in 2022. Overall, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,555%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for limestone flux and limestone exports from Thailand, with a 60% share of total exports. Moreover, limestone flux and limestone exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, New Caledonia (X tons), twofold. Bangladesh (X tons) ranked third in terms of total exports with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Taiwan (Chinese) amounted to +10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Caledonia (-1.0% per year) and Bangladesh (+17.6% per year).

In value terms, Bangladesh ($X) remains the key foreign market for limestone flux, limestone and calcareous stone exports from Thailand, comprising 76% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 9.3% share of total exports. It was followed by New Caledonia, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bangladesh amounted to +35.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+4.3% per year) and New Caledonia (+4.5% per year).

Export Prices by Country

The average limestone flux and limestone export price stood at $X per ton in 2022, growing by 126% against the previous year. Over the period under review, the export price continues to indicate a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 India (+35.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Limestone Flux, Limestone And Calcareous Stone

Imports into Thailand

In 2022, approx. X tons of limestone flux, limestone and calcareous stone were imported into Thailand; waning by -37.1% compared with the previous year's figure. Overall, imports faced a deep contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 110% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, limestone flux and limestone imports declined notably to $X in 2022. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 260% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Japan (X tons), Portugal (X tons) and Italy (X tons) were the main suppliers of limestone flux and limestone imports to Thailand, with a combined 99% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +178.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest limestone flux and limestone suppliers to Thailand were Japan ($X), Italy ($X) and Portugal ($X), together comprising 96% of total imports.

Among the main suppliers, Portugal, with a CAGR of +196.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average limestone flux and limestone import price amounted to $X per ton, with an increase of 8.7% against the previous year. Over the period under review, the import price enjoyed a significant expansion. The pace of growth appeared the most rapid in 2015 when the average import price increased by 230%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 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 Italy ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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