Saudi Arabia: Lead Ore Market 2022

Lead Ore Market Size in Saudi Arabia

The Saudi lead ore market amounted to $X in 2021, picking up by 12% against the previous year. Over the period under review, consumption showed a resilient increase. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Lead Ore Production in Saudi Arabia

In value terms, lead ore production totaled $X in 2021 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.8% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 38% against the previous year. Lead ore production peaked at $X in 2019; afterwards, it flattened through to 2021.

Lead Ore Exports

Exports from Saudi Arabia

In 2021, shipments abroad of lead ores decreased by -20.3% to X tons, falling for the third year in a row after two years of growth. Overall, exports saw a deep contraction. The growth pace was the most rapid in 2015 with an increase of 426%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, lead ore exports fell remarkably to $X in 2021. Over the period under review, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2015 when exports increased by 310%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Oman (X tons) was the main destination for lead ore exports from Saudi Arabia, with a 80% share of total exports. Moreover, lead ore exports to Oman exceeded the volume sent to the second major destination, India (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume to Oman totaled +2.0%.

In value terms, Oman ($X) remains the key foreign market for lead ore exports from Saudi Arabia, comprising 93% of total exports. The second position in the ranking was taken by India ($X), with a 7.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Oman amounted to -14.1%.

Export Prices by Country

In 2021, the average lead ore export price amounted to $X per ton, picking up by 2% against the previous year. In general, the export price enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 70% against the previous year. The export price peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Oman ($X per ton), while the average price for exports to India amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+0.5%).

Lead Ore Imports

Imports into Saudi Arabia

In 2021, supplies from abroad of lead ores was finally on the rise to reach X tons after two years of decline. Over the period under review, imports saw a resilient expansion. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, lead ore imports soared to $X in 2021. Overall, imports saw significant growth. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Jordan (X tons) constituted the largest lead ore supplier to Saudi Arabia, accounting for a 85% share of total imports. Moreover, lead ore imports from Jordan exceeded the figures recorded by the second-largest supplier, Morocco (X tons), ninefold.

From 2012 to 2021, the average annual growth rate of volume from Jordan stood at -14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (-14.2% per year) and the United States (0.0% per year).

In value terms, Jordan ($X) constituted the largest supplier of lead ore to Saudi Arabia, comprising 85% of total imports. The second position in the ranking was taken by Morocco ($X), with a 12% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Jordan totaled -18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (-4.6% per year) and the United States (0.0% per year).

Import Prices by Country

In 2021, the average lead ore import price amounted to $X per ton, remaining constant against the previous year. In general, the import price, however, posted a resilient increase. The growth pace was the most rapid in 2013 when the average import price increased by 20% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Morocco ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+23.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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