Southern Asia: Quicklime Market 2024

Quicklime Market Size in Southern Asia

The South Asian quicklime market amounted to $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Quicklime Production in Southern Asia

In value terms, quicklime production shrank slightly to $X in 2022 estimated in export price. The total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.1% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 29% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Quicklime Exports

Exports in Southern Asia

In 2022, approx. X tons of quicklime were exported in Southern Asia; which is down by -13.8% against the year before. Over the period under review, exports, however, showed notable growth. The pace of growth was the most pronounced in 2015 with an increase of 73%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, quicklime exports rose to $X in 2022. Overall, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 156%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The biggest shipments were from India (X tons), together recording 98% of total export.

India was also the fastest-growing in terms of the quicklime exports, with a CAGR of +2.8% from 2012 to 2022. While the share of India (+2.2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest quicklime supplier in Southern Asia.

In India, quicklime exports expanded at an average annual rate of +7.3% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, surging by 19% against the previous year. Export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, quicklime export price increased by +22.6% against 2020 indices. The pace of growth was the most pronounced in 2015 an increase of 48%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +4.5% per year.

Quicklime Imports

Imports in Southern Asia

After three years of decline, purchases abroad of quicklime increased by 68% to X tons in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, quicklime imports soared to $X in 2022. In general, imports showed a relatively flat trend pattern. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) represented the key importer of quicklime, comprising 80% of total imports. It was distantly followed by Bangladesh (X tons), making up an 18% share of total imports. Nepal (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to quicklime imports into India stood at -2.4%. At the same time, Bangladesh (+20.0%) and Nepal (+2.6%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +20.0% from 2012-2022. While the share of Bangladesh (+15 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of India (-15.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported quicklime in Southern Asia, comprising 79% of total imports. The second position in the ranking was held by Bangladesh ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to -1.5%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+19.6% per year) and Nepal (+5.4% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, picking up by 11% against the previous year. Over the period under review, the import price saw a modest increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Nepal ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (+2.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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