Thailand: Lead Market 2024

Lead Market Size in Thailand

The Thai lead market contracted to $X in 2022, waning by -7.4% against the previous year. In general, consumption showed a slight curtailment. Lead consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Lead Production in Thailand

In value terms, lead production reduced to $X in 2022 estimated in export price. In general, production continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2017 with an increase of 33% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Lead Exports

Exports from Thailand

In 2022, shipments abroad of lead increased by 14% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports saw a mild expansion. The most prominent rate of growth was recorded in 2020 with an increase of 47% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, lead exports expanded significantly to $X in 2022. In general, exports posted modest growth. The most prominent rate of growth was recorded in 2017 when exports increased by 49%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for lead exports from Thailand, accounting for a 52% share of total exports. Moreover, lead exports to India exceeded the volume sent to the second major destination, Indonesia (X tons), fourfold. Malaysia (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to India stood at +29.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-5.6% per year) and Malaysia (+14.5% per year).

In value terms, India ($X) remains the key foreign market for lead exports from Thailand, comprising 48% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 13% share of total exports. It was followed by Malaysia, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India stood at +27.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-5.6% per year) and Malaysia (+15.0% per year).

Export Prices by Country

The average lead export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 29%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Taiwan (Chinese) ($X per ton) and Vietnam ($X per ton), while the average price for exports to India ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Lead Imports

Imports into Thailand

In 2022, imports of lead into Thailand dropped dramatically to X tons, which is down by -19.8% against 2021. Overall, imports showed a noticeable setback. The pace of growth appeared the most rapid in 2016 when imports increased by 20%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, lead imports dropped to $X in 2022. In general, imports showed a pronounced decrease. The most prominent rate of growth was recorded in 2016 with an increase of 26%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

India (X tons), Japan (X tons) and China (X tons) were the main suppliers of lead imports to Thailand, together accounting for 64% of total imports. South Korea, Australia, Cambodia and Taiwan (Chinese) lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +776.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Japan ($X) and South Korea ($X) were the largest lead suppliers to Thailand, together accounting for 63% of total imports. China, Australia, Cambodia and Taiwan (Chinese) lagged somewhat behind, together comprising a further 29%.

Among the main suppliers, Cambodia, with a CAGR of +723.9%, 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, surging by 7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2017 an increase of 17%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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