South-Eastern Asia: Hydraulic Lime Market 2024

Hydraulic Lime Market Size in South-Eastern Asia

The Southeast Asian hydraulic lime market shrank slightly to $X in 2022, which is down by -4.6% against the previous year. Over the period under review, consumption continues to indicate a noticeable curtailment. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Hydraulic Lime Production in South-Eastern Asia

In value terms, hydraulic lime production dropped slightly to $X in 2022 estimated in export price. In general, production showed a pronounced decrease. The most prominent rate of growth was recorded in 2019 with an increase of 16%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Hydraulic Lime Exports

Exports in South-Eastern Asia

In 2022, the amount of hydraulic lime exported in South-Eastern Asia dropped markedly to X tons, which is down by -15.4% compared with the previous year. In general, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2014 with an increase of 61%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, hydraulic lime exports contracted markedly to $X in 2022. Over the period under review, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 61% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Thailand was the key exporting country with an export of around X tons, which recorded 69% of total exports. It was distantly followed by Malaysia (X tons) and Vietnam (X tons), together creating a 28% share of total exports. Indonesia (X tons) followed a long way behind the leaders.

Exports from Thailand decreased at an average annual rate of -7.5% from 2012 to 2022. At the same time, Vietnam (+26.3%) and Malaysia (+3.1%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +26.3% from 2012-2022. By contrast, Indonesia (-13.7%) illustrated a downward trend over the same period. While the share of Malaysia (+13 p.p.) and Vietnam (+4.7 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Indonesia (-2.2 p.p.) and Thailand (-15.9 p.p.) displayed negative dynamics.

In value terms, Thailand ($X) remains the largest hydraulic lime supplier in South-Eastern Asia, comprising 61% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 25% share of total exports. It was followed by Vietnam, with an 8.4% share.

In Thailand, hydraulic lime exports declined by an average annual rate of -9.0% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (-4.2% per year) and Vietnam (+25.7% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, falling by -6.7% against the previous year. Over the period under review, the export price recorded a pronounced setback. The growth pace was the most rapid in 2019 when the export price increased by 30% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+3.3%), while the other leaders experienced a decline in the export price figures.

Hydraulic Lime Imports

Imports in South-Eastern Asia

In 2022, overseas purchases of hydraulic lime decreased by -50.7% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, showed a resilient increase. The growth pace was the most rapid in 2014 when imports increased by 278% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, hydraulic lime imports declined notably to $X in 2022. In general, imports showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2014 when imports increased by 301%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Lao People's Democratic Republic was the main importer of hydraulic lime in South-Eastern Asia, with the volume of imports amounting to X tons, which was approx. 41% of total imports in 2022. Cambodia (X tons) took the second position in the ranking, distantly followed by Indonesia (X tons), Singapore (X tons), Vietnam (X tons) and Myanmar (X tons). All these countries together held approx. 56% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of +22.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hydraulic lime importing markets in South-Eastern Asia were Lao People's Democratic Republic ($X), Indonesia ($X) and Cambodia ($X), with a combined 67% share of total imports.

Lao People's Democratic Republic, with a CAGR of +16.3%, saw the highest rates of growth with regard to 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 2022, the import price in South-Eastern Asia amounted to $X per ton, declining by -11.1% against the previous year. In general, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the import price increased by 93%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+7.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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