Singapore: Lime Market Overview 2021

Lime Market Size in Singapore

The Singaporean lime market rose modestly to $X in 2019, surging by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed strong growth. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Lime consumption peaked in 2019 and is likely to see gradual growth in the immediate term.

Lime Exports

Exports from Singapore

In 2019, shipments abroad of quicklime, slaked lime and hydraulic lime decreased by -X% to X tonnes, falling for the fifth year in a row after two years of growth. In general, exports recorded a deep contraction. The growth pace was the most rapid in 2013 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at X tonnes in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.

In value terms, lime exports dropped notably to $X in 2019. Over the period under review, exports saw a deep setback. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, exports attained the maximum at $X in 2014; however, from 2015 to 2019, exports remained at a lower figure.

Exports by Country

Indonesia (X tonnes) was the main destination for lime exports from Singapore, with a X% share of total exports. It was followed by Russia (X tonnes), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to Indonesia amounted to +X%.

In value terms, Indonesia ($X) remains the key foreign market for lime exports from Singapore, comprising X% of total exports. The second position in the ranking was occupied by Russia ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to Indonesia amounted to +X%.

Export Prices by Country

In 2019, the average lime export price amounted to $X per tonne, which is down by -X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2011 an increase of X% year-to-year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2012; however, from 2013 to 2019, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Russia ($X per tonne), while the average price for exports to Indonesia amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Russia.

Lime Imports

Imports into Singapore

In 2019, approx. X tonnes of quicklime, slaked lime and hydraulic lime were imported into Singapore; stabilizing at the year before. Over the period under review, imports, however, recorded mild growth. The growth pace was the most rapid in 2012 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2015; however, from 2016 to 2019, imports stood at a somewhat lower figure.

In value terms, lime imports expanded to $X in 2019. In general, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Malaysia (X tonnes) constituted the largest supplier of lime to Singapore, accounting for a X% share of total imports. Moreover, lime imports from Malaysia exceeded the figures recorded by the second-largest supplier, the UK (X tonnes), twofold.

From 2007 to 2019, the average annual rate of growth in terms of volume from Malaysia totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and France (+X% per year).

In value terms, Malaysia ($X), the UK ($X) and France ($X) constituted the largest lime suppliers to Singapore, with a combined X% share of total imports.

The UK (+X% per year) recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average lime import price stood at $X per tonne in 2019, increasing by X% against the previous year. In general, import price indicated a prominent increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, lime import price increased by +X% against 2007 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% year-to-year. Over the period under review, average import prices attained the peak figure in 2019 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2019, the country with the highest price was France ($X per tonne), while the price for Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Malaysia, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for quicklime, slaked lime and hydraulic lime in the world?

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The countries with the highest volumes of lime consumption in 2019 were China (47M tonnes), Japan (25M tonnes) and the U.S. (15M tonnes), with a combined 46% share of global consumption.

What are the largest producers of quicklime, slaked lime and hydraulic lime in the world?

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The countries with the highest volumes of lime production in 2019 were China (47M tonnes), Japan (25M tonnes) and the U.S. (15M tonnes), together accounting for 46% of global production. Indonesia, Brazil, Germany, Pakistan, Turkey, Mexico, Italy, Viet Nam, Russia and Iran lagged somewhat behind, together accounting for a further 27%.

What are the leading suppliers of quicklime, slaked lime and hydraulic lime to Singapore?

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In value terms, the largest lime suppliers to Singapore were Malaysia ($10M), the UK ($5.6M) and France ($1M), together comprising 93% of total imports.

What are the leading importers of quicklime, slaked lime and hydraulic lime from Singapore?

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In value terms, Indonesia ($654K) remains the key foreign market for lime exports from Singapore, comprising 79% of total exports. The second position in the ranking was occupied by Russia ($70K), with a 8.5% share of total exports.

What is the average export price for quicklime, slaked lime and hydraulic lime in Singapore?

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In 2019, the average lime export price amounted to $101 per tonne, reducing by -3% against the previous year.

What is the average import price for quicklime, slaked lime and hydraulic lime in Singapore?

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The average lime import price stood at $196 per tonne in 2019, growing by 2.7% against the previous year.