Updated Oct 18, 2022 14:31

Lime Market in Japan

Market Overview
The Japanese lime market rose remarkably to $ in , with an increase of % 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). Over the period under review, consumption, however, recorded a slight slump. As a result, consumption reached the peak level of $. From 2012 to , the growth of the market remained at a lower figure.

In value terms, lime production stood at $ in estimated in export price. Overall, production, however, recorded a mild setback. The most prominent rate of growth was recorded in 2011 when the production volume increased by % against the previous year. As a result, production attained the peak level of $. From 2012 to , production growth failed to regain momentum.


Consumption
In , approx. tons of lime were consumed in Japan; with a decrease of -% compared with figures. Overall, consumption recorded a mild reduction. Lime consumption peaked at tons in 2008; however, from 2009 to , consumption remained at a lower figure.

The revenue of the lime market in Japan dropped slightly to $ in , with a decrease of -% 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). Over the period under review, consumption recorded a slight reduction. As a result, consumption reached the peak level of $. From 2012 to , the growth of the market remained at a somewhat lower figure.


Market Forecast
Depressed by shrinking demand for lime in Japan, 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 lime in Japan 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 lime. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Japan remains a net importer of lime; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $.