Vietnam: Market for Quicklime, Slaked Lime and Hydraulic Lime 2024

Market Size for Quicklime, Slaked Lime and Hydraulic Lime in Vietnam

The Vietnamese market for quicklime, slaked lime and hydraulic lime was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption, however, continues to indicate a abrupt decrease. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Quicklime, Slaked Lime and Hydraulic Lime in Vietnam

In value terms, production of quicklime, slaked lime and hydraulic lime shrank to $X in 2022 estimated in export price. In general, production saw a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Quicklime, Slaked Lime and Hydraulic Lime

Exports from Vietnam

In 2022, the amount of quicklime, slaked lime and hydraulic lime exported from Vietnam fell notably to X tons, dropping by X% compared with the previous year. In general, exports showed a mild setback. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports of attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of quicklime, slaked lime and hydraulic lime rose remarkably to $X in 2022. Over the period under review, total exports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for exports of quicklime, slaked lime and hydraulic lime from Vietnam, with a X% share of total exports. Moreover, exports of quicklime, slaked lime and hydraulic lime to Taiwan (Chinese) exceeded the volume sent to the second major destination, Bangladesh (X tons), threefold. South Korea (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Taiwan (Chinese) totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (X% per year) and South Korea (X% per year).

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for quicklime, slaked lime and hydraulic lime exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Taiwan (Chinese) stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (X% per year) and South Korea (X% per year).

Export Prices by Country

The average export price for quicklime, slaked lime and hydraulic lime stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Philippines ($X per ton) and Australia ($X per ton), while the average price for exports to Singapore ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Quicklime, Slaked Lime and Hydraulic Lime

Imports into Vietnam

In 2022, supplies from abroad of quicklime, slaked lime and hydraulic lime decreased by X% to X tons, falling for the fourth year in a row after three years of growth. Over the period under review, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports of reached the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imports of quicklime, slaked lime and hydraulic lime contracted dramatically to $X in 2022. Overall, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports of hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X tons) constituted the largest quicklime, slaked lime and hydraulic lime supplier to Vietnam, with a X% share of total imports. Moreover, imports of quicklime, slaked lime and hydraulic lime from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, the largest quicklime, slaked lime and hydraulic lime suppliers to Vietnam were Thailand ($X), China ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports.

Among the main suppliers, Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for quicklime, slaked lime and hydraulic lime stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for quicklime, slaked lime and hydraulic lime increased by X% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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