Turkey: Lead Market 2024

Lead Market Size in Turkey

In 2022, the Turkish lead market increased by 15% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +8.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +49.0% against 2020 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in the near future.

Lead Production in Turkey

In value terms, lead production soared to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a significant increase. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Lead Exports

Exports from Turkey

After two years of decline, overseas shipments of lead increased by 296% to X tons in 2022. Overall, exports showed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, lead exports skyrocketed to $X in 2022. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Bulgaria (X tons), Italy (X tons) and the United States (X tons) were the main destinations of lead exports from Turkey, together comprising 68% of total exports. South Africa, Cyprus, Bosnia and Herzegovina, Germany, Poland and Spain lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for Cyprus (with a CAGR of +82.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lead exported from Turkey were Bulgaria ($X), Italy ($X) and the United States ($X), with a combined 67% share of total exports. South Africa, Bosnia and Herzegovina, Cyprus, Germany, Poland and Spain lagged somewhat behind, together accounting for a further 23%.

Cyprus, with a CAGR of +74.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average lead export price amounted to $X per ton, declining by -2.5% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 16%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to the United States ($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 Poland (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Lead Imports

Imports into Turkey

In 2022, approx. X tons of lead were imported into Turkey; picking up by 26% against 2021 figures. In general, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, lead imports soared to $X in 2022. Overall, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 52%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Bulgaria (X tons), Kazakhstan (X tons) and Saudi Arabia (X tons) were the main suppliers of lead imports to Turkey, with a combined 57% share of total imports. China, Russia, Iraq, Ghana, Libya, Azerbaijan, Georgia, Iran and Kyrgyzstan lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of +168.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Kazakhstan ($X) and Saudi Arabia ($X) constituted the largest lead suppliers to Turkey, together accounting for 57% of total imports. China, Russia, Iraq, Ghana, Azerbaijan, Libya, Georgia, Iran and Kyrgyzstan lagged somewhat behind, together accounting for a further 32%.

Among the main suppliers, Iraq, with a CAGR of +176.6%, saw 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

In 2022, the average lead import price amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 24% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Bulgaria ($X per ton) and China ($X per ton), while the price for Libya ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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