Philippines: Unwrought Lead Market 2021

Unwrought Lead Market Size in the Philippines

The Philippine unwrought lead market stood at $X in 2020, growing by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 when the market value increased by X% year-to-year. Unwrought lead consumption peaked in 2020 and is expected to retain growth in years to come.

Unwrought Lead Production in the Philippines

In value terms, unwrought lead production amounted to $X in 2020 estimated in export prices. Over the period under review, the total production indicated a resilient increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2014 indices. The growth pace was the most rapid in 2011 when the production volume increased by X% year-to-year. Unwrought lead production peaked in 2020 and is likely to see gradual growth in years to come.

Unwrought Lead Exports

Exports from the Philippines

In 2020, exports of unwrought lead from the Philippines skyrocketed to X tons, picking up by X% compared with 2019. In general, exports recorded mild growth. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Over the period under review, exports attained the maximum in 2020 and are expected to retain growth in the near future.

In value terms, unwrought lead exports surged to $X in 2020. Over the period under review, exports posted perceptible growth. The pace of growth appeared the most rapid in 2017 when exports increased by X% year-to-year. Exports peaked in 2020 and are expected to retain growth in years to come.

Exports by Country

India (X tons) was the main destination for unwrought lead exports from the Philippines, accounting for a X% share of total exports. Moreover, unwrought lead exports to India exceeded the volume sent to the second major destination, South Korea (X tons), threefold. China (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to India totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and China (-X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value to India totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and China (+X% per year).

Export Prices by Country

The average unwrought lead export price stood at $X per ton in 2020, picking up by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2012; however, from 2013 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2020, 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 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced a decline.

Unwrought Lead Imports

Imports into the Philippines

In 2020, unwrought lead imports into the Philippines reduced to X tons, declining by -X% compared with 2019 figures. In general, imports continue to indicate a significant contraction. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2020, imports remained at a lower figure.

In value terms, unwrought lead imports reduced remarkably to $X in 2020. Overall, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Taiwan (Chinese) (X tons) constituted the largest unwrought lead supplier to the Philippines, accounting for a X% share of total imports. Moreover, unwrought lead imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), threefold. The third position in this ranking was occupied by Australia (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Taiwan (Chinese) stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+X% per year) and Australia (+X% per year).

In value terms, Taiwan (Chinese) ($X), South Korea ($X) and Malaysia ($X) were the largest unwrought lead suppliers to the Philippines, with a combined X% share of total imports. Vietnam, Australia, the United Arab Emirates and Hong Kong SAR lagged somewhat behind, together accounting for a further X the main suppliers, Australia saw 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

The average unwrought lead import price stood at $X per ton in 2020, reducing by -X% against the previous year. In general, import price indicated a tangible expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, unwrought lead import price decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2009 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was South Korea ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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