Asia: Lead Market 2024

Lead Market Size in Asia

The Asian lead market dropped slightly to $X in 2022, which is down by -3% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Lead Production in Asia

In value terms, lead production fell to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 30% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Lead Exports

Exports in Asia

In 2022, shipments abroad of lead increased by 2% to X tons, rising for the second year in a row after three years of decline. Total exports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.7% 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 +20.6% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 19% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, lead exports declined modestly to $X in 2022. Total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 +37.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 37%. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

In 2022, South Korea (X tons), distantly followed by India (X tons), China (X tons), Kazakhstan (X tons), Malaysia (X tons) and the United Arab Emirates (X tons) represented the main exporters of lead, together generating 71% of total exports. The following exporters - Japan (X tons), Saudi Arabia (X tons), Taiwan (Chinese) (X tons), Vietnam (X tons), Lebanon (X tons) and Pakistan (X tons) - together made up 15% of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +37.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest lead supplying countries in Asia were South Korea ($X), India ($X) and China ($X), with a combined 58% share of total exports.

China, with a CAGR of +36.6%, recorded the highest growth rate of the value of exports, among 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

The export price in Asia stood at $X per ton in 2022, with a decrease of -2.2% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by 19%. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in India ($X per ton) and China ($X per ton), while Kazakhstan ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+2.6%), while the other leaders experienced more modest paces of growth.

Lead Imports

Imports in Asia

In 2022, purchases abroad of lead was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 11%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, lead imports expanded to $X in 2022. The total import value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 34%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

India (X tons), Vietnam (X tons), Turkey (X tons) and South Korea (X tons) represented roughly 67% of total imports in 2022. It was distantly followed by Taiwan (Chinese) (X tons), Thailand (X tons) and Indonesia (X tons), together constituting a 17% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of +10.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Vietnam ($X) and Turkey ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 53% share of total imports.

Vietnam, with a CAGR of +10.0%, saw the highest growth rate of the value of imports, among 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 Asia amounted to $X per ton, approximately equating the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 21% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Indonesia ($X per ton) and Thailand ($X per ton), while Taiwan (Chinese) ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+2.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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