Eastern Asia: Slaked Lime Market 2024

Slaked Lime Market Size in Eastern Asia

The East Asian slaked lime market totaled $X in 2021, growing by 3% against the previous year. In general, consumption saw a pronounced decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Slaked Lime Production in Eastern Asia

In value terms, slaked lime production stood at $X in 2021 estimated in export price. In general, production recorded a pronounced contraction. The pace of growth was the most pronounced in 2019 with an increase of 13%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Slaked Lime Exports

Exports in Eastern Asia

In 2021, slaked lime exports in Eastern Asia shrank to X tons, waning by -14.8% on the previous year. In general, exports continue to indicate a mild setback. The most prominent rate of growth was recorded in 2013 with an increase of 71% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, slaked lime exports expanded notably to $X in 2021. Overall, exports, however, posted a moderate expansion. The most prominent rate of growth was recorded in 2013 with an increase of 66% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

China dominates exports structure, amounting to X tons, which was near 90% of total exports in 2021. It was distantly followed by Japan (X tons), achieving an 8.9% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to slaked lime exports from China stood at -1.4%. At the same time, Japan (+4.5%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +4.5% from 2012-2021. Japan (+3.5 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -3.3% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest slaked lime supplier in Eastern Asia, comprising 70% of total exports. The second position in the ranking was taken by Japan ($X), with a 28% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China stood at +6.2%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, surging by 29% against the previous year. Export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of 47% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.7%).

Slaked Lime Imports

Imports in Eastern Asia

After two years of growth, purchases abroad of slaked lime decreased by -5.2% to X tons in 2021. Total imports indicated mild growth from 2012 to 2021: its volume increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +14.9% against 2018 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 28%. The volume of import peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, slaked lime imports shrank notably to $X in 2021. In general, imports, however, showed a strong expansion. The pace of growth was the most pronounced in 2014 when imports increased by 32% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020, and then dropped notably in the following year.

Imports by Country

Hong Kong SAR represented the key importing country with an import of around X tons, which accounted for 60% of total imports. China (X tons) ranks second in terms of the total imports with a 21% share, followed by Macao SAR (8.4%) and South Korea (7%). Japan (X tons) took a minor share of total imports.

Imports into Hong Kong SAR decreased at an average annual rate of -1.1% from 2012 to 2021. At the same time, China (+27.0%), South Korea (+17.4%) and Japan (+5.1%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +27.0% from 2012-2021. By contrast, Macao SAR (-4.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and South Korea increased by +18 and +5.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest slaked lime importing markets in Eastern Asia were China ($X), Hong Kong SAR ($X) and South Korea ($X), with a combined 89% share of total imports.

China, with a CAGR of +23.8%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, which is down by -12.2% against the previous year. Import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the import price increased by 34% against the previous year. The level of import peaked at $X per ton in 2020, and then contracted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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