Venezuela: Refined Lead Market 2025

Refined Lead Market Size in Venezuela

The Venezuelan refined lead market declined to $X in 2022, with a decrease of -3.1% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Refined Lead Production in Venezuela

In value terms, refined lead production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 23% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Refined Lead Exports

Exports from Venezuela

After three years of decline, overseas shipments of refined lead (unwrought) increased by 38% to X tons in 2022. Over the period under review, exports, however, showed a deep setback. The growth pace was the most rapid in 2015 with an increase of 256%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, refined lead exports surged to $X in 2022. Overall, exports, however, continue to indicate a significant curtailment. The growth pace was the most rapid in 2015 with an increase of 217%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Trinidad and Tobago (X tons) was the main destination for refined lead exports from Venezuela, accounting for a 45% share of total exports. Moreover, refined lead exports to Trinidad and Tobago exceeded the volume sent to the second major destination, the United States (X tons), twofold. Brazil (X tons) ranked third in terms of total exports with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Trinidad and Tobago stood at -13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-1.7% per year) and Brazil (-13.1% per year).

In value terms, the largest markets for refined lead exported from Venezuela were the United States ($X), Colombia ($X) and Trinidad and Tobago ($X), together accounting for 96% of total exports.

The United States, with a CAGR of +5.7%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average refined lead export price stood at $X per ton in 2022, almost unchanged from the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 18%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Brazil ($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 Colombia (+7.9%), while the prices for the other major destinations experienced mixed trend patterns.

Refined Lead Imports

Imports into Venezuela

Refined lead imports into Venezuela shrank modestly to X tons in 2022, therefore, remained relatively stable against the year before. Over the period under review, imports faced a dramatic decrease. The most prominent rate of growth was recorded in 2014 when imports increased by 76%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, refined lead imports reduced modestly to $X in 2022. Overall, imports faced a sharp curtailment. The growth pace was the most rapid in 2014 with an increase of 72% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest refined lead supplier to Venezuela, accounting for a 88% share of total imports. Moreover, refined lead imports from the United States exceeded the figures recorded by the second-largest supplier, Peru (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to -29.8%.

In value terms, the United States ($X) constituted the largest supplier of refined lead (unwrought) to Venezuela, comprising 90% of total imports. The second position in the ranking was taken by Peru ($X), with a 9.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States stood at -30.2%.

Import Prices by Country

The average refined lead import price stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 43%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Peru stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.5%).

Source: IndexBox Platform

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