Brazil: Lead Market 2024

Lead Market Size in Brazil

The Brazilian lead market dropped to $X in 2022, waning by -9.2% against the previous year. Over the period under review, consumption showed a mild decrease. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Lead Production in Brazil

In value terms, lead production contracted modestly to $X in 2022 estimated in export price. In general, production saw a slight decline. The most prominent rate of growth was recorded in 2016 when the production volume increased by 154%. Lead production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Lead Exports

Exports from Brazil

Lead exports from Brazil soared to X tons in 2022, with an increase of 76% compared with 2021 figures. Overall, exports enjoyed strong growth. The pace of growth was the most pronounced in 2016 when exports increased by 1,218%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, lead exports soared to $X in 2022. Over the period under review, exports recorded a resilient increase. The pace of growth was the most pronounced in 2016 when exports increased by 2,190%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for lead exports from Brazil, with a 54% share of total exports. Moreover, lead exports to the United States exceeded the volume sent to the second major destination, Argentina (X tons), twofold. The third position in this ranking was taken by Singapore (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +14.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+19.3% per year) and Singapore (+11.6% per year).

In value terms, the largest markets for lead exported from Brazil were the United States ($X), Argentina ($X) and Singapore ($X), together comprising 86% of total exports. Thailand and Chile lagged somewhat behind, together accounting for a further 13%.

Among the main countries of destination, Chile, with a CAGR of +105.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lead export price stood at $X per ton in 2022, surging by 3.1% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 74%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+32.4%), while the prices for the other major destinations experienced mixed trend patterns.

Lead Imports

Imports into Brazil

In 2022, the amount of lead imported into Brazil dropped markedly to X tons, which is down by -20.6% compared with the previous year's figure. In general, imports showed a slight decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 63% against the previous year. As a result, imports reached the peak of X tons, and then dropped notably in the following year.

In value terms, lead imports fell significantly to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 91% against the previous year. As a result, imports attained the peak of $X, and then contracted significantly in the following year.

Imports by Country

In 2022, Mexico (X tons) constituted the largest lead supplier to Brazil, accounting for a 37% share of total imports. Moreover, lead imports from Mexico exceeded the figures recorded by the second-largest supplier, Ecuador (X tons), threefold. Israel (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Mexico stood at -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (+14.2% per year) and Israel (+20.3% per year).

In value terms, Mexico ($X) constituted the largest supplier of lead to Brazil, comprising 37% of total imports. The second position in the ranking was taken by Ecuador ($X), with a 12% share of total imports. It was followed by Israel, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Mexico amounted to -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (+16.3% per year) and Israel (+21.6% per year).

Import Prices by Country

In 2022, the average lead import price amounted to $X per ton, growing by 5.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 24% against the previous year. The import price 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 supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the UK ($X per ton) and Argentina ($X per ton), while the price for Chile ($X per ton) and Kazakhstan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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