Asia-Pacific: Quicklime Market 2023

Quicklime Market Size in Asia-Pacific

The Asia-Pacific quicklime market fell modestly to $X in 2021, shrinking by -3.2% against the previous year. Over the period under review, consumption saw a noticeable decrease. The pace of growth was the most pronounced in 2020 with an increase of 6.3%. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Quicklime Production in Asia-Pacific

In value terms, quicklime production fell to $X in 2021 estimated in export price. Overall, production showed a noticeable setback. The growth pace was the most rapid in 2020 with an increase of 8.2%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Quicklime Exports

Exports in Asia-Pacific

In 2021, overseas shipments of quicklime were finally on the rise to reach X tons after two years of decline. Overall, exports recorded a mild expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, quicklime exports rose markedly to $X in 2021. In general, exports showed a relatively flat trend pattern. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons) and Malaysia (X tons) were the largest exporters of quicklime in 2021, finishing at approx. 38% and 35% of total exports, respectively. It was distantly followed by Thailand (X tons), achieving a 19% share of total exports. China (X tons) and New Zealand (X tons) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Malaysia (with a CAGR of +13.0%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest quicklime supplying countries in Asia-Pacific were Vietnam ($X), Malaysia ($X) and Thailand ($X), with a combined 86% share of total exports.

Malaysia, with a CAGR of +11.3%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, with a decrease of -5% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the export price increased by 25%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was New Zealand ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.3%), while the other leaders experienced mixed trends in the export price figures.

Quicklime Imports

Imports in Asia-Pacific

In 2021, purchases abroad of quicklime was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 18%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, quicklime imports amounted to $X in 2021. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 16%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Taiwan (Chinese) (X tons), distantly followed by Australia (X tons), Indonesia (X tons), India (X tons) and Papua New Guinea (X tons) were the main importers of quicklime, together constituting 84% of total imports. South Korea (X tons) and Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Australia (with a CAGR of +32.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Australia ($X) and Indonesia ($X) were the countries with the highest levels of imports in 2021, together comprising 64% of total imports.

Among the main importing countries, Australia, with a CAGR of +33.0%, 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

The import price in Asia-Pacific stood at $X per ton in 2021, with an increase of 4.1% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 11% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :