Spain: Lead Ore Market 2022

Lead Ore Market Size in Spain

The Spanish lead ore market declined dramatically to $X in 2021, falling by -80.8% against the previous year. Overall, consumption continues to indicate a dramatic decline. Lead ore consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Lead Ore Production in Spain

In value terms, lead ore production reduced modestly to $X in 2021 estimated in export price. Overall, production showed a mild decrease. The pace of growth was the most pronounced in 2017 with an increase of 6.6% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Lead Ore Exports

Exports from Spain

In 2021, lead ore exports from Spain soared to X tons, growing by 21% compared with 2020. In general, exports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of 86%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, lead ore exports surged to $X in 2021. Over the period under review, exports showed resilient growth. The most prominent rate of growth was recorded in 2019 when exports increased by 88% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

China (X tons) was the main destination for lead ore exports from Spain, accounting for a 69% share of total exports. Moreover, lead ore exports to China exceeded the volume sent to the second major destination, Italy (X tons), fivefold. The third position in this ranking was held by Belgium (X tons), with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to +20.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+20.1% per year) and Belgium (+8.8% per year).

In value terms, the largest markets for lead ore exported from Spain were China ($X), Italy ($X) and Belgium ($X), with a combined 92% share of total exports. Germany and South Korea lagged somewhat behind, together comprising a further 8.3%.

In terms of the main countries of destination, Germany, with a CAGR of +122.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average lead ore export price amounted to $X per ton, with an increase of 45% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Italy ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+27.6%), while the prices for the other major destinations experienced more modest paces of growth.

Lead Ore Imports

Imports into Spain

In 2021, purchases abroad of lead ores decreased by -11.6% to X tons, falling for the second year in a row after four years of growth. Overall, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2018 with an increase of 3,968% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, lead ore imports expanded to $X in 2021. Over the period under review, imports, however, saw a prominent expansion. The growth pace was the most rapid in 2018 when imports increased by 1,084%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Portugal (X tons) was the main lead ore supplier to Spain, accounting for a 100% share of total imports. It was followed by Nigeria (X kg), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Portugal totaled +86.7%.

In value terms, Portugal ($X) constituted the largest supplier of lead ore to Spain, comprising 100% of total imports. The second position in the ranking was held by Nigeria ($X), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Portugal amounted to +77.6%.

Import Prices by Country

In 2021, the average lead ore import price amounted to $X per ton, picking up by 17% against the previous year. In general, the import price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by 122% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Nigeria ($X per ton), while the price for Portugal amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (-4.9%).

Source: IndexBox Platform

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