India: Lead Market 2024

Lead Market Size in India

In 2022, the Indian lead market increased by 2.4% to $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 9.9%. Lead consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Lead Production in India

In value terms, lead production shrank slightly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 27% against the previous year. Lead production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Lead Exports

Exports from India

Lead exports from India declined to X tons in 2022, waning by -2.1% on the previous year's figure. Over the period under review, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 96% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then declined in the following year.

In value terms, lead exports amounted to $X in 2022. In general, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 128% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

South Korea (X tons) was the main destination for lead exports from India, accounting for a 54% share of total exports. Moreover, lead exports to South Korea exceeded the volume sent to the second major destination, Thailand (X tons), fivefold. Vietnam (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to South Korea totaled +17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+65.9% per year) and Vietnam (+30.3% per year).

In value terms, South Korea ($X) remains the key foreign market for lead exports from India, comprising 53% of total exports. The second position in the ranking was held by Vietnam ($X), with a 12% share of total exports. It was followed by Thailand, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to South Korea amounted to +18.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+30.5% per year) and Thailand (+61.0% per year).

Export Prices by Country

The average lead export price stood at $X per ton in 2022, with an increase of 4.1% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 17% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Singapore ($X per ton) and Vietnam ($X per ton), while the average price for exports to Bangladesh ($X per ton) and the United Arab Emirates ($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 South Korea (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.

Lead Imports

Imports into India

In 2022, imports of lead into India was estimated at X tons, surging by 11% against 2021. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 18%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, lead imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 25%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

South Korea (X tons), the United Arab Emirates (X tons) and Malaysia (X tons) were the main suppliers of lead imports to India, together accounting for 45% of total imports. Singapore, Tanzania, the Philippines, Mozambique, Australia, the UK, Senegal, Saudi Arabia, Vietnam and Sri Lanka lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Philippines (with a CAGR of +154.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lead suppliers to India were South Korea ($X), the United Arab Emirates ($X) and Malaysia ($X), together comprising 47% of total imports. Singapore, Tanzania, the Philippines, Mozambique, Australia, Senegal, the UK, Saudi Arabia, Vietnam and Sri Lanka lagged somewhat behind, together accounting for a further 31%.

In terms of the main suppliers, the Philippines, with a CAGR of +155.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average lead import price amounted to $X per ton, increasing by 2.5% against the previous year. Overall, the import price recorded 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 countries with the highest prices were South Korea ($X per ton) and Australia ($X per ton), while the price for the UK ($X per ton) and Mozambique ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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