ASEAN: Hydraulic Lime Market 2024

Hydraulic Lime Market Size in ASEAN

The ASEAN hydraulic lime market reduced modestly to $X in 2022, with a decrease of -4.6% against the previous year. Overall, consumption recorded a noticeable decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Hydraulic Lime Production in ASEAN

In value terms, hydraulic lime production dropped modestly to $X in 2022 estimated in export price. Overall, production showed a perceptible contraction. The growth pace was the most rapid in 2019 with an increase of 16% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Hydraulic Lime Exports

Exports in ASEAN

In 2022, exports of hydraulic lime in ASEAN declined dramatically to X tons, falling by -15.4% compared with 2021. Over the period under review, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of 61% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, hydraulic lime exports contracted dramatically to $X in 2022. Overall, exports saw a deep slump. The pace of growth appeared the most rapid in 2018 when exports increased by 61% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Thailand was the main exporting country with an export of about X tons, which reached 69% of total exports. Malaysia (X tons) took the second position in the ranking, distantly followed by Vietnam (X tons). All these countries together held near 28% share of total exports. Indonesia (X tons) followed a long way behind the leaders.

Exports from Thailand decreased at an average annual rate of -7.5% from 2012 to 2022. At the same time, Vietnam (+26.3%) and Malaysia (+3.1%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +26.3% from 2012-2022. By contrast, Indonesia (-13.7%) illustrated a downward trend over the same period. While the share of Malaysia (+13 p.p.) and Vietnam (+4.7 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Indonesia (-2.2 p.p.) and Thailand (-15.9 p.p.) displayed negative dynamics.

In value terms, Thailand ($X) remains the largest hydraulic lime supplier in ASEAN, comprising 61% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 25% share of total exports. It was followed by Vietnam, with an 8.4% share.

In Thailand, hydraulic lime exports shrank by an average annual rate of -9.0% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (-4.2% per year) and Vietnam (+25.7% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, shrinking by -6.7% against the previous year. Over the period under review, the export price showed a pronounced contraction. The most prominent rate of growth was recorded in 2019 an increase of 30%. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+3.3%), while the other leaders experienced a decline in the export price figures.

Hydraulic Lime Imports

Imports in ASEAN

In 2022, purchases abroad of hydraulic lime decreased by -50.9% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2014 with an increase of 279% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, hydraulic lime imports dropped notably to $X in 2022. Overall, imports continue to indicate a noticeable descent. The pace of growth appeared the most rapid in 2014 when imports increased by 302% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Lao People's Democratic Republic represented the largest importer of hydraulic lime in ASEAN, with the volume of imports recording X tons, which was near 42% of total imports in 2022. Cambodia (X tons) ranks second in terms of the total imports with a 21% share, followed by Indonesia (11%), Singapore (11%), Vietnam (7.7%) and Myanmar (5.4%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Lao People's Democratic Republic (with a CAGR of +22.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Lao People's Democratic Republic ($X), Indonesia ($X) and Cambodia ($X) were the countries with the highest levels of imports in 2022, with a combined 69% share of total imports.

Among the main importing countries, Lao People's Democratic Republic, with a CAGR of +16.3%, saw the highest growth rate of 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 import price in ASEAN amounted to $X per ton, with a decrease of -11.5% against the previous year. Over the period under review, the import price showed a deep contraction. The growth pace was the most rapid in 2021 when the import price increased by 91% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+7.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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