India: Hydraulic Lime Market 2024

Hydraulic Lime Market Size in India

The Indian hydraulic lime market reduced to $X in 2022, approximately equating the previous year. In general, consumption continues to indicate a slight decrease. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Hydraulic Lime Production in India

In value terms, hydraulic lime production contracted to $X in 2022 estimated in export price. Over the period under review, production showed a mild slump. The pace of growth appeared the most rapid in 2014 with an increase of 7.5% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Hydraulic Lime Exports

Exports from India

In 2022, overseas shipments of hydraulic lime decreased by -3.9% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by 80% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, hydraulic lime exports expanded remarkably to $X in 2022. Overall, exports, however, saw tangible growth. The most prominent rate of growth was recorded in 2015 with an increase of 77%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Bangladesh (X tons) was the main destination for hydraulic lime exports from India, with a 68% share of total exports. Moreover, hydraulic lime exports to Bangladesh exceeded the volume sent to the second major destination, Nepal (X tons), fivefold. Nigeria (X tons) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bangladesh totaled +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (+8.2% per year) and Nigeria (+28.9% per year).

In value terms, Bangladesh ($X) remains the key foreign market for hydraulic lime exports from India, comprising 76% of total exports. The second position in the ranking was taken by Nepal ($X), with a 10% share of total exports. It was followed by Nigeria, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bangladesh totaled +8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (+9.5% per year) and Nigeria (+30.0% per year).

Export Prices by Country

The average hydraulic lime export price stood at $X per ton in 2022, picking up by 15% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 15% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bhutan ($X per ton), while the average price for exports to Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bhutan (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Hydraulic Lime Imports

Imports into India

For the fourth year in a row, India recorded growth in overseas purchases of hydraulic lime, which increased by 35% to X tons in 2022. In general, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 417,504% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, hydraulic lime imports skyrocketed to $X in 2022. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 537,349% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the main hydraulic lime supplier to India, accounting for a 99% share of total imports. It was followed by Malaysia (X tons), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates totaled +163.7%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of hydraulic lime to India, comprising 91% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates totaled +163.5%.

Import Prices by Country

In 2022, the average hydraulic lime import price amounted to $X per ton, increasing by 16% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 1,109%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for the United Arab Emirates totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.6%).

Source: IndexBox Platform

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