Turkey: Slaked Lime Market 2024

Slaked Lime Market Size in Turkey

In 2021, the Turkish slaked lime market decreased by -2.5% to $X for the first time since 2013, thus ending a seven-year rising trend. In general, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +97.1% against 2013 indices. Slaked lime consumption peaked at $X in 2020, and then reduced in the following year.

Slaked Lime Production in Turkey

In value terms, slaked lime production shrank slightly to $X in 2021 estimated in export price. Overall, the total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +98.1% against 2013 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by 37% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then fell in the following year.

Slaked Lime Exports

Exports from Turkey

In 2021, exports of slaked lime from Turkey declined dramatically to X tons, which is down by -19.7% against the previous year's figure. Overall, exports showed a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of 34%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, slaked lime exports fell to $X in 2021. In general, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 30%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Israel (X tons) was the main destination for slaked lime exports from Turkey, with a 45% share of total exports. Moreover, slaked lime exports to Israel exceeded the volume sent to the second major destination, Ukraine (X tons), threefold. The third position in this ranking was taken by Sudan (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Israel amounted to +1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-7.2% per year) and Sudan (+6.0% per year).

In value terms, Israel ($X), Sudan ($X) and Ukraine ($X) constituted the largest markets for slaked lime exported from Turkey worldwide, together comprising 71% of total exports. Qatar, Mali, Cyprus, Georgia and Russia lagged somewhat behind, together accounting for a further 23%.

Among the main countries of destination, Qatar, with a CAGR of +287.2%, recorded the highest growth rate of 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

The average slaked lime export price stood at $X per ton in 2021, picking up by 13% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Slaked Lime Imports

Imports into Turkey

In 2021, overseas purchases of slaked lime increased by 16% to X tons, rising for the second consecutive year after two years of decline. In general, imports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 94%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, slaked lime imports amounted to $X in 2021. Overall, imports enjoyed a measured increase. The most prominent rate of growth was recorded in 2016 when imports increased by 56%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Switzerland (X tons) constituted the largest supplier of slaked lime to Turkey, accounting for a 77% share of total imports. Moreover, slaked lime imports from Switzerland exceeded the figures recorded by the second-largest supplier, the UK (X tons), sevenfold. The third position in this ranking was taken by Italy (X tons), with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Switzerland amounted to +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+13.5% per year) and Italy (+1.3% per year).

In value terms, Switzerland ($X) constituted the largest supplier of slaked lime to Turkey, comprising 69% of total imports. The second position in the ranking was taken by the UK ($X), with a 17% share of total imports. It was followed by France, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Switzerland totaled +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+11.9% per year) and France (+10.6% per year).

Import Prices by Country

The average slaked lime import price stood at $X per ton in 2021, falling by -2.4% against the previous year. Overall, the import price recorded a perceptible decline. The pace of growth appeared the most rapid in 2018 when the average import price increased by 46% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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