Indonesia: Lead Market 2024

Lead Market Size in Indonesia

In 2022, the Indonesian lead market increased by 16% to $X, rising for the second year in a row after three years of decline. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Lead Production in Indonesia

In value terms, lead production totaled $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 17%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Lead Exports

Exports from Indonesia

After two years of decline, shipments abroad of lead increased by 38% to X tons in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by 113%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, lead exports skyrocketed to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 99.9% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Japan (X tons) was the main destination for lead exports from Indonesia, accounting for a 33% share of total exports. Moreover, lead exports to Japan exceeded the volume sent to the second major destination, Thailand (X tons), twofold. Singapore (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Japan amounted to +35.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-5.5% per year) and Singapore (+39.1% per year).

In value terms, Japan ($X) remains the key foreign market for lead exports from Indonesia, comprising 33% of total exports. The second position in the ranking was taken by Thailand ($X), with a 15% share of total exports. It was followed by Singapore, with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan amounted to +35.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-6.8% per year) and Singapore (+45.6% per year).

Export Prices by Country

The average lead export price stood at $X per ton in 2022, with a decrease of -5.2% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 22% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then dropped in the following year.

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 Vietnam ($X per ton), while the average price for exports to China ($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 Singapore (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Lead Imports

Imports into Indonesia

In 2022, the amount of lead imported into Indonesia expanded rapidly to X tons, growing by 8.3% compared with the previous year. In general, imports, however, recorded a noticeable contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 42%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, lead imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a mild decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 65% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Korea (X tons) constituted the largest lead supplier to Indonesia, with a 31% share of total imports. Moreover, lead imports from South Korea exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. Myanmar (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 South Korea totaled -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-0.5% per year) and Myanmar (+14.7% per year).

In value terms, South Korea ($X) constituted the largest supplier of lead to Indonesia, comprising 32% of total imports. The second position in the ranking was held by Malaysia ($X), with a 12% share of total imports. It was followed by Australia, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value from South Korea amounted to -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+1.1% per year) and Australia (+0.5% per year).

Import Prices by Country

The average lead import price stood at $X per ton in 2022, increasing by 15% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 25%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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