Chile: Lead Market 2024

Lead Market Size in Chile

In 2022, after three years of decline, there was significant growth in the Chilean lead market, when its value increased by 6.4% to $X. The market value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Lead Production in Chile

In value terms, lead production reduced to $X in 2022 estimated in export price. Overall, the total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.6% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 72% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Lead Exports

Exports from Chile

In 2022, approx. X tons of lead were exported from Chile; falling by -20.9% against 2021 figures. In general, total exports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 101%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, lead exports shrank sharply to $X in 2022. Over the period under review, exports, however, saw a measured expansion. The pace of growth was the most pronounced in 2013 when exports increased by 121% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Colombia (X tons), Brazil (X tons) and Turkey (X tons) were the main destinations of lead exports from Chile, with a combined 95% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of +8.9%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for lead exported from Chile were Colombia ($X), Brazil ($X) and Turkey ($X), with a combined 95% share of total exports.

Colombia, with a CAGR of +10.1%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average lead export price stood at $X per ton in 2022, surging by 4.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2017 when the average export price increased by 30% against the previous year. As a result, the export price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to India ($X per ton) and Colombia ($X per ton), while the average price for exports to Turkey ($X per ton) and Peru ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Lead Imports

Imports into Chile

In 2022, imports of lead into Chile shrank sharply to X tons, reducing by -18.5% compared with the previous year's figure. Overall, imports recorded a deep setback. The pace of growth appeared the most rapid in 2016 with an increase of 70% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, lead imports fell markedly to $X in 2022. In general, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 82%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Peru (X tons) and Brazil (X tons) were the main suppliers of lead imports to Chile.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +56.8%).

In value terms, Brazil ($X) and Peru ($X) were the largest lead suppliers to Chile.

Among the main suppliers, Brazil, with a CAGR of +64.2%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the average lead import price amounted to $X per ton, dropping by -20.8% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 71%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Peru amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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