Eastern Asia: Lead Market 2024

Lead Market Size in Eastern Asia

The East Asian lead market fell slightly to $X in 2022, waning by -4.2% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Lead Production in Eastern Asia

In value terms, lead production shrank slightly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 29% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Lead Exports

Exports in Eastern Asia

In 2022, the amount of lead exported in Eastern Asia expanded notably to X tons, increasing by 12% on the previous year's figure. Total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +8.0% 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 +21.3% against 2016 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 29%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, lead exports rose sharply to $X in 2022. Total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +8.5% 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 +50.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

South Korea was the main exporter of lead in Eastern Asia, with the volume of exports reaching X tons, which was approx. 62% of total exports in 2022. China (X tons) held the second position in the ranking, distantly followed by Japan (X tons) and Taiwan (Chinese) (X tons). All these countries together took approx. 38% share of total exports.

Exports from South Korea increased at an average annual rate of +6.1% from 2012 to 2022. At the same time, China (+37.9%), Japan (+4.6%) and Taiwan (Chinese) (+1.8%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +37.9% from 2012-2022. From 2012 to 2022, the share of China increased by +20 percentage points.

In value terms, South Korea ($X) remains the largest lead supplier in Eastern Asia, comprising 63% of total exports. The second position in the ranking was held by China ($X), with a 23% share of total exports. It was followed by Japan, with an 8.8% share.

In South Korea, lead exports increased at an average annual rate of +6.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (+36.6% per year) and Japan (+4.3% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, almost unchanged from the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 23%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+0.7%), while the other leaders experienced a decline in the export price figures.

Lead Imports

Imports in Eastern Asia

In 2022, supplies from abroad of lead decreased by -6.2% to X tons, falling for the fourth year in a row after two years of growth. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 40% against the previous year. 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 dropped modestly to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 74%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

South Korea was the major importing country with an import of about X tons, which reached 51% of total imports. Taiwan (Chinese) (X tons) held the second position in the ranking, distantly followed by China (X tons) and Japan (X tons). All these countries together held approx. 49% share of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +1.9%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, South Korea ($X) constitutes the largest market for imported lead in Eastern Asia, comprising 53% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 24% share of total imports. It was followed by China, with a 12% share.

In South Korea, lead imports expanded at an average annual rate of +3.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (-1.9% per year) and China (-2.1% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, growing by 2.5% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 25%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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