Updated Feb 28, 2023 21:52

Hydraulic lime Market in Thailand

Market Overview
The Thai hydraulic lime market reduced to $ in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a deep downturn. Hydraulic lime consumption peaked at $ in 2007; however, from 2008 to , consumption failed to regain momentum.

In value terms, hydraulic lime production shrank slightly to $ in estimated in export price. Overall, production showed a abrupt decline. The pace of growth was the most pronounced in 2019 with an increase of % against the previous year. Hydraulic lime production peaked at $ in 2010; however, from 2011 to , production stood at a somewhat lower figure.


Consumption
In , hydraulic lime consumption in Thailand fell slightly to tons, with a decrease of -% against the year before. Overall, consumption recorded a abrupt decrease. Hydraulic lime consumption peaked at tons in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.

The revenue of the hydraulic lime market in Thailand dropped to $ in , reducing by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a abrupt shrinkage. Hydraulic lime consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.


Market Forecast
Depressed by shrinking demand for hydraulic lime in Thailand, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Over the period under review, imports of hydraulic lime in Thailand were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for hydraulic lime.


Trade Balance
Thailand remains a net exporter of hydraulic lime; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.