Spain: Lead Market 2024

Lead Market Size in Spain

In 2022, the Spanish lead market increased by 2.6% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Lead consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Lead Production in Spain

In value terms, lead production expanded sharply to $X in 2022 estimated in export price. Overall, production, however, recorded strong growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 49%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Lead Exports

Exports from Spain

In 2022, lead exports from Spain soared to X tons, growing by 81% on 2021. Over the period under review, exports, however, recorded a deep reduction. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, lead exports soared to $X in 2022. In general, exports, however, saw a deep downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 79% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for lead exports from Spain, accounting for a 47% share of total exports. Moreover, lead exports to Italy exceeded the volume sent to the second major destination, Brazil (X tons), threefold. Greece (X tons) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2022, the average annual growth rate of volume to Italy amounted to +16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+10.9% per year) and Greece (+35.7% per year).

In value terms, Italy ($X) remains the key foreign market for lead exports from Spain, comprising 43% of total exports. The second position in the ranking was taken by Brazil ($X), with a 12% share of total exports. It was followed by Greece, with a 9% share.

From 2012 to 2022, the average annual growth rate of value to Italy amounted to +14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+12.4% per year) and Greece (+39.0% per year).

Export Prices by Country

In 2022, the average lead export price amounted to $X per ton, with a decrease of -9.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2017 an increase of 26% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Austria ($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 France (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.

Lead Imports

Imports into Spain

In 2022, imports of lead into Spain expanded markedly to X tons, growing by 7.2% compared with the previous year. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 41% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, lead imports shrank dramatically to $X in 2022. In general, imports, however, recorded a perceptible contraction. The pace of growth appeared the most rapid in 2016 with an increase of 37%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X tons), the UK (X tons) and Portugal (X tons) were the main suppliers of lead imports to Spain, with a combined 63% share of total imports. Lebanon, France, Mexico, Nigeria, Belgium and Germany lagged somewhat behind, together comprising a further 28%.

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 +108.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lead suppliers to Spain were Portugal ($X), Italy ($X) and Lebanon ($X), together comprising 52% of total imports. The UK, France, Mexico, Nigeria, Belgium and Germany lagged somewhat behind, together accounting for a further 36%.

Among the main suppliers, Mexico, with a CAGR of +115.2%, 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

In 2022, the average lead import price amounted to $X per ton, waning by -26.9% against the previous year. In general, the import price continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2021 when the average import price increased by 32% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lebanon ($X per ton), while the price for the UK ($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 (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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