South-Eastern Asia: Refined Lead Market 2024

Refined Lead Market Size in South-Eastern Asia

The Southeast Asian refined lead market contracted to $X in 2022, reducing by -8.1% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Refined Lead Production in South-Eastern Asia

In value terms, refined lead production reduced to $X in 2022 estimated in export price. Overall, production saw a slight decrease. The most prominent rate of growth was recorded in 2017 when the production volume increased by 100% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Refined Lead Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of refined lead (unwrought) increased by 1.1% to X tons, rising for the second year in a row after three years of decline. Overall, exports, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 268% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, refined lead exports shrank to $X in 2022. In general, exports, however, showed a abrupt descent. The growth pace was the most rapid in 2015 when exports increased by 195%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia was the key exporter of refined lead (unwrought) in South-Eastern Asia, with the volume of exports amounting to X tons, which was approx. 55% of total exports in 2022. Myanmar (X tons) took a 21% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (13%). The following exporters - the Philippines (X tons), Thailand (X tons) and Indonesia (X tons) - together made up 9.7% of total exports.

Malaysia experienced a relatively flat trend pattern with regard to volume of exports of refined lead (unwrought). At the same time, Myanmar (+96.8%), the Philippines (+36.1%) and Indonesia (+3.7%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +96.8% from 2012-2022. By contrast, Thailand (-12.3%) and Singapore (-16.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Myanmar, Malaysia and the Philippines increased by +21, +19 and +4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest refined lead supplier in South-Eastern Asia, comprising 55% of total exports. The second position in the ranking was taken by Myanmar ($X), with a 19% share of total exports. It was followed by Singapore, with a 14% share.

In Malaysia, refined lead exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Myanmar (+95.7% per year) and Singapore (-16.5% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, falling by -4% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 13% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Indonesia ($X per ton) and Thailand ($X per ton), while Myanmar ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+0.6%), while the other leaders experienced mixed trends in the export price figures.

Refined Lead Imports

Imports in South-Eastern Asia

In 2022, supplies from abroad of refined lead (unwrought) decreased by -0.2% to X tons, falling for the second year in a row after three years of growth. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 41% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, refined lead imports dropped modestly to $X in 2022. The total import value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 34% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Vietnam was the main importer of refined lead (unwrought) in South-Eastern Asia, with the volume of imports resulting at X tons, which was near 44% of total imports in 2022. It was distantly followed by Thailand (X tons), Indonesia (X tons), the Philippines (X tons) and Malaysia (X tons), together mixing up a 53% share of total imports. Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to refined lead imports into Vietnam stood at +5.8%. At the same time, the Philippines (+22.6%) and Singapore (+19.6%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +22.6% from 2012-2022. By contrast, Indonesia (-3.2%), Thailand (-4.4%) and Malaysia (-6.6%) illustrated a downward trend over the same period. Vietnam (+17 p.p.), the Philippines (+8.9 p.p.) and Singapore (+2.3 p.p.) significantly strengthened its position in terms of the total imports, while Malaysia, Indonesia and Thailand saw its share reduced by -7.5%, -8.4% and -12.5% from 2012 to 2022, respectively.

In value terms, Vietnam ($X), Indonesia ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 81% of total imports. The Philippines, Malaysia and Singapore lagged somewhat behind, together comprising a further 19%.

In terms of the main importing countries, the Philippines, with a CAGR of +22.7%, 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

The import price in South-Eastern Asia stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 24%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Indonesia ($X per ton) and Thailand ($X per ton), while Malaysia ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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