Turkey: Lime Market Overview 2021

Lime Market Size in Turkey

In 2020, the Turkish lime market increased by X% to $X, rising for the fifth consecutive year after four years of decline. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2011; however, from 2012 to 2020, consumption failed to regain the momentum.

Lime Production in Turkey

In value terms, lime production rose to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2010 when the production volume increased by X% y-o-y. Lime production peaked at $X in 2011; however, from 2012 to 2020, production stood at a somewhat lower figure.

Lime Exports

Exports from Turkey

In 2020, shipments abroad of quicklime, slaked lime and hydraulic lime increased by X% to X tonnes, rising for the third year in a row after three years of decline. Over the period under review, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2009 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2014; however, from 2015 to 2020, exports remained at a lower figure.

In value terms, lime exports totaled $X in 2020. In general, exports recorded strong growth. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Over the period under review, exports attained the maximum at $X in 2012; however, from 2013 to 2020, exports remained at a lower figure.

Exports by Country

Canada (X tonnes), Ghana (X tonnes) and Israel (X tonnes) were the main destinations of lime exports from Turkey, together accounting for X% of total exports. Mali, Cote d'Ivoire, Guinea, Senegal and Mauritania lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in Senegal, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lime exported from Turkey were Canada ($X), Ghana ($X) and Mali ($X), together comprising X% of total exports. Cote d'Ivoire, Guinea, Israel, Senegal and Mauritania lagged somewhat behind, together comprising a further X saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lime export price stood at $X per tonne in 2020, waning by -X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. As a result, export price reached the peak level of $X per tonne. from 2012 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Guinea ($X per tonne), while the average price for exports to Israel ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Canada, while the prices for the other major destinations experienced more modest paces of growth.

Lime Imports

Imports into Turkey

In 2020, supplies from abroad of quicklime, slaked lime and hydraulic lime decreased by -X% to X tonnes, falling for the third consecutive year after eight years of growth. Over the period under review, imports, however, posted a perceptible increase. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Imports peaked at X tonnes in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

In value terms, lime imports plummeted to $X in 2020. Overall, imports, however, posted a measured expansion. The pace of growth appeared the most rapid in 2011 when imports increased by X% year-to-year. Imports peaked at $X in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, France (X tonnes) constituted the largest lime supplier to Turkey, with a X% share of total imports. Moreover, lime imports from France exceeded the figures recorded by the second-largest supplier, Portugal (X tonnes), threefold. The third position in this ranking was occupied by Switzerland (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from France stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+X% per year) and Switzerland (+X% per year).

In value terms, France ($X), Portugal ($X) and Switzerland ($X) were the largest lime suppliers to Turkey, with a combined X% share of total imports.

In terms of the main suppliers, Switzerland (+X% per year) recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average lime import price stood at $X per tonne in 2020, increasing by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 when the average import price increased by X% year-to-year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Belgium ($X per tonne), while the price for France ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Portugal, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox 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 country with the largest volume of lime consumption was China (43M tonnes), comprising approx. 26% of total volume. Moreover, lime consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (16M tonnes), threefold. Japan (14M tonnes) ranked third in terms of total consumption with a 8.2% share.

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

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China (44M tonnes) remains the largest lime producing country worldwide, comprising approx. 26% of total volume. Moreover, lime production in China exceeded the figures recorded by the second-largest producer, the U.S. (16M tonnes), threefold. Japan (14M tonnes) ranked third in terms of total production with a 8.2% share.

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

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In value terms, the largest lime suppliers to Turkey were France ($270K), Portugal ($141K) and Switzerland ($125K), with a combined 85% share of total imports.

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

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In value terms, Canada ($3M), Ghana ($2.7M) and Mali ($1.4M) constituted the largest markets for lime exported from Turkey worldwide, together comprising 53% of total exports. Cote d'Ivoire, Guinea, Israel, Senegal and Mauritania lagged somewhat behind, together comprising a further 36%.

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

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In 2020, the average lime export price amounted to $91 per tonne, reducing by -3.2% against the previous year.

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

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In 2020, the average lime import price amounted to $233 per tonne, picking up by 5.2% against the previous year.