Portugal: Lead Market 2024

Lead Market Size in Portugal

The Portuguese lead market declined modestly to $X in 2022, which is down by -2.4% against the previous year. Over the period under review, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -22.7% against 2018 indices. Lead consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Lead Production in Portugal

In value terms, lead production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 7.7% against the previous year. Lead production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Lead Exports

Exports from Portugal

In 2022, exports of lead from Portugal fell to X tons, dropping by -10.6% against the previous year. Over the period under review, exports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2016 when exports increased by 55%. The exports peaked at X tons in 2021, and then dropped in the following year.

In value terms, lead exports fell to $X in 2022. In general, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 52% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank in the following year.

Exports by Country

Spain (X tons) was the main destination for lead exports from Portugal, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain amounted to +8.6%.

In value terms, Spain ($X) also remains the key foreign market for lead exports from Portugal.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain stood at +8.8%.

Export Prices by Country

The average lead export price stood at $X per ton in 2022, picking up by 4.1% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 23% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +0.2% per year.

Lead Imports

Imports into Portugal

In 2022, approx. X tons of lead were imported into Portugal; declining by -9.9% on 2021. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its volume 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. The most prominent rate of growth was recorded in 2013 with an increase of 71% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, lead imports reduced to $X in 2022. In general, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +8.2% 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 +11.7% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 90% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Lebanon (X tons), the UK (X tons) and Germany (X tons) were the main suppliers of lead imports to Portugal, together accounting for 82% of total imports. Mexico and Spain lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +238.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Lebanon ($X), the UK ($X) and Germany ($X) appeared to be the largest lead suppliers to Portugal, together accounting for 84% of total imports. Mexico and Spain lagged somewhat behind, together comprising a further 16%.

In terms of the main suppliers, Mexico, with a CAGR of +239.4%, 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

The average lead import price stood at $X per ton in 2022, picking up by 2% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 26%. 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.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the UK ($X per ton) and Lebanon ($X per ton), while the price for Mexico ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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