Overview of the Global Market for Limestone Flux, Limestone And Calcareous Stone

Market Size for Limestone Flux, Limestone And Calcareous Stone

The global limestone flux and limestone market contracted to $X in 2022, declining by -4.8% against the previous year. In general, consumption continues to indicate a mild reduction. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the global market remained at a somewhat lower figure.

Production of Limestone Flux, Limestone And Calcareous Stone

In value terms, limestone flux and limestone production declined slightly to $X in 2022 estimated in export price. In general, production saw a slight contraction. The pace of growth appeared the most rapid in 2017 with an increase of 3.4% against the previous year. Over the period under review, global production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Limestone Flux, Limestone And Calcareous Stone

Exports

In 2022, approx. X tons of limestone flux, limestone and calcareous stone were exported worldwide; reducing by -6.5% compared with the previous year. Overall, total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +1.9% against 2020 indices. The pace of growth was the most pronounced in 2013 when exports increased by 30%. Over the period under review, the global exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, limestone flux and limestone exports declined to $X in 2022. In general, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +13.6% against 2020 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 25%. The global exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

In 2022, the United Arab Emirates (X tons) represented the main exporter of limestone flux, limestone and calcareous stone, mixing up 49% of total exports. Japan (X tons) ranks second in terms of the total exports with a 9.1% share, followed by Oman (5%). The following exporters - India (X tons), Vietnam (X tons), Spain (X tons), Canada (X tons), Poland (X tons), China (X tons), Malaysia (X tons), Kazakhstan (X tons), Belgium (X tons) and Russia (X tons) - together made up 27% of total exports.

From 2012 to 2022, average annual rates of growth with regard to limestone flux and limestone exports from the United Arab Emirates stood at +12.2%. At the same time, Spain (+42.4%), Russia (+13.9%), China (+11.7%), Poland (+11.3%), Vietnam (+8.7%) and Oman (+5.5%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the world, with a CAGR of +42.4% from 2012-2022. Belgium, Malaysia, Canada and Japan experienced a relatively flat trend pattern. By contrast, India (-1.6%) and Kazakhstan (-3.9%) illustrated a downward trend over the same period. The United Arab Emirates (+22 p.p.) and Spain (+3.4 p.p.) significantly strengthened its position in terms of the global exports, while Malaysia, Canada, Kazakhstan, India and Japan saw its share reduced by -1.6%, -2.5%, -2.9%, -4.1% and -8.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest limestone flux and limestone supplier worldwide, comprising 47% of global exports. The second position in the ranking was taken by Oman ($X), with an 8.9% share of global exports. It was followed by Malaysia, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates stood at +9.9%. In the other countries, the average annual rates were as follows: Oman (+5.4% per year) and Malaysia (+6.4% per year).

Export Prices by Country

In 2022, the average limestone flux and limestone export price amounted to $X per ton, with a decrease of -2.8% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 15%. As a result, the export price reached the peak level of $X per ton, and then fell slightly in the following year.

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 Malaysia ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.1%), while the other global leaders experienced more modest paces of growth.

Imports of Limestone Flux, Limestone And Calcareous Stone

Imports

Global limestone flux and limestone imports rose to X tons in 2022, surging by 3.2% on the previous year. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -2.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 17%. Global imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, limestone flux and limestone imports expanded notably to $X in 2022. In general, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +31.3% against 2020 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 20% against the previous year. Over the period under review, global imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

India dominates imports structure, amounting to X tons, which was approx. 53% of total imports in 2022. Bangladesh (X tons) held a 6.6% share (based on physical terms) of total imports, which put it in second place, followed by Germany (5.6%), South Korea (4.6%) and Taiwan (Chinese) (4.6%). Indonesia (X tons), Kuwait (X tons) and Kyrgyzstan (X tons) held a little share of total imports.

Imports into India increased at an average annual rate of +11.5% from 2012 to 2022. At the same time, Indonesia (+43.7%), Bangladesh (+4.7%), Germany (+4.7%), South Korea (+4.2%) and Kyrgyzstan (+3.9%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in the world, with a CAGR of +43.7% from 2012-2022. By contrast, Taiwan (Chinese) (-1.3%) and Kuwait (-5.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India and Indonesia increased by +22 and +2.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported limestone flux, limestone and calcareous stone worldwide, comprising 53% of global imports. The second position in the ranking was taken by Indonesia ($X), with an 8% share of global imports. It was followed by South Korea, with a 4.3% share.

From 2012 to 2022, the average annual growth rate of value in India totaled +11.4%. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (+31.3% per year) and South Korea (+3.9% per year).

Import Prices by Country

The average limestone flux and limestone import price stood at $X per ton in 2022, picking up by 8.7% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 15% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+8.2%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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