Report Update Apr 1, 2024

Republic of Korea - Quicklime - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Quicklime Market 2024

Quicklime Market Size in Republic of Korea

In 2022, the South Korean quicklime market increased by 23% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, showed a pronounced reduction. Quicklime consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Quicklime Exports

Exports from Republic of Korea

Quicklime exports from South Korea dropped significantly to X tons in 2022, declining by -45.1% on the previous year's figure. Over the period under review, exports, however, posted a notable expansion. The pace of growth appeared the most rapid in 2021 with an increase of 742%. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, quicklime exports reduced notably to $X in 2022. In general, exports, however, saw temperate growth. The pace of growth was the most pronounced in 2021 when exports increased by 620% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for quicklime exports from South Korea, accounting for a 61% share of total exports. Moreover, quicklime exports to Japan exceeded the volume sent to the second major destination, the Czech Republic (X tons), threefold. The third position in this ranking was held by Indonesia (X tons), with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan amounted to +43.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+29.9% per year) and Indonesia (-3.1% per year).

In value terms, Japan ($X), Indonesia ($X) and the Czech Republic ($X) were the largest markets for quicklime exported from South Korea worldwide, together comprising 63% of total exports. Vietnam, India, the UK and China lagged somewhat behind, together accounting for a further 12%.

Among the main countries of destination, Vietnam, with a CAGR of +31.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average quicklime export price amounted to $X per ton, picking up by 3.7% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 46%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Japan ($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 Vietnam (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

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Quicklime Imports

Imports into Republic of Korea

After three years of decline, overseas purchases of quicklime increased by 12% to X tons in 2022. In general, imports, however, showed a pronounced decrease. The pace of growth was the most pronounced in 2018 when imports increased by 39%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, quicklime imports soared to $X in 2022. Over the period under review, imports, however, showed a pronounced contraction. The growth pace was the most rapid in 2018 with an increase of 34%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Vietnam (X tons), Oman (X tons) and Thailand (X tons) were the main suppliers of quicklime imports to South Korea, together accounting for 89% of total imports.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +285.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest quicklime suppliers to South Korea were Vietnam ($X), Oman ($X) and Thailand ($X), together comprising 85% of total imports.

Oman, with a CAGR of +307.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average quicklime import price amounted to $X per ton, rising by 12% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The pace of growth appeared the most rapid in 2021 an increase of 14% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for quicklime in the world?

The countries with the highest volumes of consumption in 2022 were China, the United States and Indonesia, with a combined 38% share of global consumption. Russia, Germany, Brazil, Pakistan, Japan, Mexico, Ethiopia, Canada, Vietnam and Turkey lagged somewhat behind, together comprising a further 25%.

What are the largest producers of quicklime in the world?

The countries with the highest volumes of production in 2022 were China, the United States and Germany, together accounting for 38% of global production.

What are the leading suppliers of quicklime to Republic of Korea?

In value terms, Vietnam, Oman and Thailand appeared to be the largest quicklime suppliers to South Korea, with a combined 85% share of total imports.

What are the leading importers of quicklime from Republic of Korea?

In value terms, the largest markets for quicklime exported from South Korea were Japan, Indonesia and the Czech Republic, with a combined 63% share of total exports. Vietnam, India, the UK and China lagged somewhat behind, together comprising a further 12%.

What is the average export price for quicklime in Republic of Korea?

The average quicklime export price stood at $239 per ton in 2022, increasing by 3.7% against the previous year.

What is the average import price for quicklime in Republic of Korea?

In 2022, the average quicklime import price amounted to $140 per ton, with an increase of 12% against the previous year.

This report provides an in-depth analysis of the quicklime market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23521033 - Quicklime

Country coverage:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023