Colombia: Lead Market 2024

Lead Market Size in Colombia

The Colombian lead market shrank to $X in 2022, with a decrease of -5.4% against the previous year. In general, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +12.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +6.0% against 2020 indices. Lead consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Lead Production in Colombia

In value terms, lead production reduced modestly to $X in 2022 estimated in export price. Overall, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +14.3% 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 +1.6% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 320%. Lead production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Lead Exports

Exports from Colombia

In 2022, the amount of lead exported from Colombia skyrocketed to X tons, growing by 41% on 2021. Over the period under review, exports, however, showed a slight slump. The pace of growth was the most pronounced in 2016 when exports increased by 53% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, lead exports surged to $X in 2022. Overall, exports, however, saw a pronounced setback. The pace of growth appeared the most rapid in 2016 with an increase of 50% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil (X tons) was the main destination for lead exports from Colombia, accounting for a 56% share of total exports. Moreover, lead exports to Brazil exceeded the volume sent to the second major destination, Ecuador (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil amounted to +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+12.1% per year) and the United States (-4.5% per year).

In value terms, Brazil ($X) remains the key foreign market for lead exports from Colombia, comprising 58% of total exports. The second position in the ranking was held by Ecuador ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Brazil was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+11.3% per year) and the United States (-5.0% per year).

Export Prices by Country

The average lead export price stood at $X per ton in 2022, which is down by -5.6% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 20% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Ecuador ($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 Mexico (-0.2%), while the prices for the other major destinations experienced a decline.

Lead Imports

Imports into Colombia

In 2022, after two years of growth, there was significant decline in supplies from abroad of lead, when their volume decreased by -9.7% to X tons. In general, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.1% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 101%. Over the period under review, imports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, lead imports declined rapidly to $X in 2022. Overall, imports, however, posted a strong expansion. The growth pace was the most rapid in 2014 when imports increased by 128%. Imports peaked at $X in 2021, and then shrank dramatically in the following year.

Imports by Country

Costa Rica (X tons), Chile (X tons) and Ecuador (X tons) were the main suppliers of lead imports to Colombia, together comprising 79% of total imports. Peru, Mexico and Venezuela lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +9.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lead suppliers to Colombia were Costa Rica ($X), Chile ($X) and Mexico ($X), with a combined 79% share of total imports.

Costa Rica, with a CAGR of +9.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average lead import price stood at $X per ton in 2022, falling by -7.6% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 25% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 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 highest price was recorded for prices from Venezuela ($X per ton) and Mexico ($X per ton), while the price for Ecuador ($X per ton) and Peru ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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