Philippines: Lead Market 2024

Lead Market Size in the Philippines

The Philippine lead market fell markedly to $X in 2022, which is down by -31% against the previous year. In general, consumption recorded a mild setback. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Lead Production in the Philippines

In value terms, lead production contracted to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt decline. The most prominent rate of growth was recorded in 2014 when the production volume increased by 120%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Lead Exports

Exports from the Philippines

Lead exports from the Philippines soared to X tons in 2022, jumping by 59% compared with the year before. Over the period under review, exports saw a remarkable increase. The growth pace was the most rapid in 2016 with an increase of 537% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, lead exports surged to $X in 2022. In general, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 511% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

South Korea (X tons), India (X tons) and China (X tons) were the main destinations of lead exports from the Philippines, with a combined 99% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +69.0%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), India ($X) and China ($X) appeared to be the largest markets for lead exported from the Philippines worldwide, with a combined 99% share of total exports.

Among the main countries of destination, India, with a CAGR of +60.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lead export price stood at $X per ton in 2022, reducing by -4.6% against the previous year. Overall, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lead export price increased by +15.3% against 2020 indices. The growth pace was the most rapid in 2014 when the average export price increased by 125%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to South Korea ($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 China (+9.3%), while the prices for the other major destinations experienced a decline.

Lead Imports

Imports into the Philippines

In 2022, imports of lead into the Philippines reduced sharply to X tons, with a decrease of -20.9% compared with 2021. Over the period under review, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 122%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, lead imports fell notably to $X in 2022. In general, imports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of 120% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Malaysia (X tons), Australia (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of lead imports to the Philippines, together accounting for 94% of total imports.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +57.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Australia ($X) and Taiwan (Chinese) ($X) constituted the largest lead suppliers to the Philippines, with a combined 94% share of total imports.

In terms of the main suppliers, Australia, with a CAGR of +49.2%, recorded the highest growth rate of 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, shrinking by -1.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2017 when the average import price increased by 17%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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