Northern America: Lead Market 2024

Lead Market Size in Northern America

In 2022, the North American lead market increased by 6.9% to $X, rising for the third year in a row after two years of decline. The total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 +26.9% against 2019 indices. The level of consumption peaked in 2022 and is likely to continue growth in the immediate term.

Lead Production in Northern America

In value terms, lead production totaled $X in 2022 estimated in export price. The total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.7% 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 +15.1% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 80% 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 Northern America

In 2022, exports of lead in Northern America dropped to X tons, waning by -11% against the previous year's figure. Over the period under review, exports saw a perceptible slump. The most prominent rate of growth was recorded in 2018 when exports increased by 48%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, lead exports shrank sharply to $X in 2022. In general, exports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 28%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Canada represented the key exporter of lead in Northern America, with the volume of exports finishing at X tons, which was approx. 84% of total exports in 2022. It was distantly followed by the United States (X tons), mixing up a 16% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to lead exports from Canada stood at -4.3%. The United States (-3.5%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Canada ($X) remains the largest lead supplier in Northern America, comprising 84% of total exports. The second position in the ranking was taken by the United States ($X), with a 16% share of total exports.

In Canada, lead exports shrank by an average annual rate of -4.7% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, shrinking by -5.2% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 21%. As a result, the export price attained 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, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.7%).

Lead Imports

Imports in Northern America

In 2022, overseas purchases of lead increased by 5.2% to X tons, rising for the second consecutive year after three years of decline. Total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +6.4% 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 +68.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 60%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, lead imports rose rapidly to $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.5% 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 +99.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 88%. Over the period under review, imports reached the maximum at $X in 2017; afterwards, it flattened through to 2022.

Imports by Country

In 2022, the United States (X tons) was the largest importer of lead in Northern America, making up 99% of total import.

The United States was also the fastest-growing in terms of the lead imports, with a CAGR of +6.3% from 2012 to 2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported lead in Northern America.

In the United States, lead imports increased at an average annual rate of +7.5% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2021 when the import price increased by 17%. Over the period under review, import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +1.1% per year.

Source: IndexBox Platform

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