Venezuela: Lead Market 2024

Lead Market Size in Venezuela

After three years of growth, the Venezuelan lead market decreased by -4% to $X in 2022. Over the period under review, consumption showed a deep contraction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Lead Production in Venezuela

In value terms, lead production declined slightly to $X in 2022 estimated in export price. Overall, production faced a abrupt downturn. The pace of growth was the most pronounced in 2017 when the production volume increased by 17%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Lead Exports

Exports from Venezuela

In 2022, overseas shipments of lead increased by 10% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, showed a deep contraction. The growth pace was the most rapid in 2015 when exports increased by 201%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, lead exports stood at $X in 2022. Over the period under review, exports, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2015 when exports increased by 175% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Colombia (X tons) was the main destination for lead exports from Venezuela, with a 39% share of total exports. Moreover, lead exports to Colombia exceeded the volume sent to the second major destination, India (X tons), twofold. France (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Colombia totaled -13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-16.2% per year) and France (-5.7% per year).

In value terms, Colombia ($X) remains the key foreign market for lead exports from Venezuela, comprising 39% of total exports. The second position in the ranking was taken by India ($X), with a 16% share of total exports. It was followed by France, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Colombia amounted to -14.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-16.9% per year) and France (-10.9% per year).

Export Prices by Country

In 2022, the average lead export price amounted to $X per ton, which is down by -6.5% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 17%. Over the period under review, the average export prices reached the peak figure 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 overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Colombia ($X per ton) and India ($X per ton), while the average price for exports to China ($X per ton) and South Korea ($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 Brazil (-0.1%), while the prices for the other major destinations experienced a decline.

Lead Imports

Imports into Venezuela

In 2022, the amount of lead imported into Venezuela shrank slightly to X tons, therefore, remained relatively stable against 2021 figures. In general, imports recorded a sharp contraction. The pace of growth appeared the most rapid in 2014 when imports increased by 85% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, lead imports fell to $X in 2022. Over the period under review, imports showed a dramatic descent. The pace of growth was the most pronounced in 2014 with an increase of 74% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Mexico (X tons) constituted the largest lead supplier to Venezuela, with a 88% share of total imports. Moreover, lead imports from Mexico exceeded the figures recorded by the second-largest supplier, China (X tons), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico totaled -30.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.7% per year) and the United States (-46.5% per year).

In value terms, Mexico ($X) constituted the largest supplier of lead to Venezuela, comprising 93% of total imports. The second position in the ranking was taken by China ($X), with a 4.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Mexico stood at -30.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.1% per year) and the United States (-47.7% per year).

Import Prices by Country

The average lead import price stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 15% against the previous year. The import price peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

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 Mexico ($X per ton), while the price for China ($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 (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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