Singapore: Lead Market 2024

Lead Market Size in Singapore

The Singaporean lead market reduced notably to $X in 2022, shrinking by -87.7% against the previous year. Overall, consumption showed a sharp reduction. Lead consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Lead Production in Singapore

In value terms, lead production dropped sharply to $X in 2022 estimated in export price. In general, production continues to indicate a sharp descent. The pace of growth was the most pronounced in 2021 with an increase of 907,401,600%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Lead Exports

Exports from Singapore

In 2022, approx. X tons of lead were exported from Singapore; growing by 51% compared with 2021 figures. In general, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of 231% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, lead exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2018 with an increase of 157%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam (X tons), Bangladesh (X tons) and Taiwan (Chinese) (X tons) were the main destinations of lead exports from Singapore, together comprising 94% 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 Bangladesh (with a CAGR of +19.6%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for lead exported from Singapore were Vietnam ($X), Bangladesh ($X) and Taiwan (Chinese) ($X), with a combined 92% share of total exports.

Bangladesh, with a CAGR of +20.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average lead export price amounted to $X per ton, with a decrease of -4.9% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 47% 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.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Vietnam ($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 (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Lead Imports

Imports into Singapore

In 2022, the amount of lead imported into Singapore soared to X tons, with an increase of 987% compared with the previous year. In general, imports continue to indicate a remarkable increase. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, lead imports surged to $X in 2022. Overall, imports recorded a buoyant increase. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of lead to Singapore, accounting for a 62% share of total imports. Moreover, lead imports from India exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. The third position in this ranking was held by Indonesia (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at +50.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+328.5% per year) and Indonesia (-8.2% per year).

In value terms, India ($X) constituted the largest supplier of lead to Singapore, comprising 62% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 23% share of total imports. It was followed by Indonesia, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from India amounted to +51.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+331.4% per year) and Indonesia (-8.6% per year).

Import Prices by Country

The average lead import price stood at $X per ton in 2022, with a decrease of -16.6% against the previous year. Over the period under review, the import price saw a mild descent. The most prominent rate of growth was recorded in 2021 an increase of 33%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+33.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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