ASEAN: Lime Market 2024

Lime Market Size in ASEAN

In 2023, the ASEAN lime market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Overall, consumption saw a pronounced slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Lime Production in ASEAN

In value terms, lime production rose slightly to $X in 2023 estimated in export price. In general, production, however, continues to indicate a mild descent. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Lime Exports

Exports in ASEAN

After two years of growth, overseas shipments of lime decreased by X% to X tons in 2023. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, lime exports shrank to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2022 when exports increased by X%. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

Malaysia (X tons) and Vietnam (X tons) represented roughly X% of total exports in 2023. It was distantly followed by Thailand (X tons), comprising a X% share of total exports. Indonesia (X tons) held a minor share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Indonesia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest lime supplying countries in ASEAN were Vietnam ($X), Malaysia ($X) and Thailand ($X), together accounting for X% of total exports.

Malaysia, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per ton, which is down by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then reduced in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Vietnam ($X per ton) and Malaysia ($X per ton), while Thailand ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the export price figures.

Lime Imports

Imports in ASEAN

In 2023, purchases abroad of lime decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate a slight increase. The pace of growth appeared the most rapid in 2022 when imports increased by X%. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, lime imports shrank sharply to $X in 2023. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports reached the peak of $X, and then shrank rapidly in the following year.

Imports by Country

Indonesia represented the major importing country with an import of around X tons, which amounted to X% of total imports. The Philippines (X tons) ranks second in terms of the total imports with a X% share, followed by Singapore (X%). Malaysia (X tons), Lao People's Democratic Republic (X tons) and Cambodia (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Cambodia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lime importing markets in ASEAN were Indonesia ($X), the Philippines ($X) and Singapore ($X), together accounting for X% of total imports. Malaysia, Lao People's Democratic Republic and Cambodia lagged somewhat behind, together comprising a further X%.

Cambodia, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per ton, declining by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Cambodia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform