Asia: Hydraulic Lime Market 2024

Hydraulic Lime Market Size in Asia

The Asian hydraulic lime market contracted to $X in 2022, approximately equating the previous year. Overall, consumption showed a pronounced descent. The pace of growth was the most pronounced in 2019 with an increase of 5.8% against the previous year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Hydraulic Lime Production in Asia

In value terms, hydraulic lime production reduced slightly to $X in 2022 estimated in export price. Overall, production showed a perceptible slump. The pace of growth appeared the most rapid in 2019 with an increase of 7.4%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Hydraulic Lime Exports

Exports in Asia

In 2022, exports of hydraulic lime in Asia fell to X tons, which is down by -8.1% compared with 2021 figures. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 93% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, hydraulic lime exports declined to $X in 2022. In general, exports continue to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by 110%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates represented the largest exporter of hydraulic lime in Asia, with the volume of exports amounting to X tons, which was approx. 62% of total exports in 2022. India (X tons) held the second position in the ranking, distantly followed by Thailand (X tons). All these countries together took approx. 28% share of total exports. The following exporters - Malaysia (X tons) and Pakistan (X tons) - each amounted to a 6% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to hydraulic lime exports from the United Arab Emirates stood at +24.5%. At the same time, Pakistan (+129.5%) and Malaysia (+3.1%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Asia, with a CAGR of +129.5% from 2012-2022. India experienced a relatively flat trend pattern. By contrast, Thailand (-7.5%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+55 p.p.) and Pakistan (+2.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (-9.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest hydraulic lime supplier in Asia, comprising 54% of total exports. The second position in the ranking was held by India ($X), with a 23% share of total exports. It was followed by Thailand, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to +19.8%. In the other countries, the average annual rates were as follows: India (+3.4% per year) and Thailand (-9.0% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, approximately reflecting the previous year. Overall, the export price, however, recorded a slight curtailment. The growth pace was the most rapid in 2019 when the export price increased by 9.8% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 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 Pakistan ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+23.0%), while the other leaders experienced mixed trends in the export price figures.

Hydraulic Lime Imports

Imports in Asia

In 2022, purchases abroad of hydraulic lime increased by 63% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports enjoyed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hydraulic lime imports skyrocketed to $X in 2022. Overall, imports posted a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Israel (X tons) and India (X tons) represented the key importers of hydraulic lime in 2022, recording near 38% and 27% of total imports, respectively. Sri Lanka (X tons) ranks next in terms of the total imports with a 13% share, followed by Bangladesh (7%) and Turkey (6.1%). The following importers - Lao People's Democratic Republic (X tons) and Oman (X tons) - each resulted at a 3.1% share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +163.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) constitutes the largest market for imported hydraulic lime in Asia, comprising 45% of total imports. The second position in the ranking was held by India ($X), with a 20% share of total imports. It was followed by Sri Lanka, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in Israel totaled +46.2%. In the other countries, the average annual rates were as follows: India (+165.8% per year) and Sri Lanka (+9.7% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, remaining stable against the previous year. Overall, the import price, however, recorded a mild setback. The most prominent rate of growth was recorded in 2021 an increase of 35%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+1.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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