Global Lead Market 2024

Lead Market Size

The global lead market declined to $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Global consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Lead Production

In value terms, lead production dropped modestly to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 30%. Global production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Lead Exports

Exports

In 2022, the amount of lead exported worldwide fell to X tons, dropping by -5.8% against 2021 figures. The total export volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 22% against the previous year. As a result, the exports reached the peak of X tons, and then reduced in the following year.

In value terms, lead exports declined to $X in 2022. The total export value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

The shipments of the twelve major exporters of lead, namely South Korea, Australia, India, the UK, Canada, Mexico, Belgium, China, Russia, Sweden, Nigeria and Bulgaria, represented more than half of total export. Kazakhstan (X tons) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by China (with a CAGR of +37.9%), while the other global leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Australia ($X) and India ($X) were the countries with the highest levels of exports in 2022, with a combined 28% share of global exports. The UK, Canada, Belgium, China, Bulgaria, Russia, Sweden, Mexico, Kazakhstan and Nigeria lagged somewhat behind, together accounting for a further 37%.

In terms of the main exporting countries, China, with a CAGR of +36.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global 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 -3.4% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 21%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+1.5%), while the other global leaders experienced more modest paces of growth.

Lead Imports

Imports

In 2022, overseas purchases of lead increased by 1.4% to X tons, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 13%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of global imports failed to regain momentum.

In value terms, lead imports stood at $X in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 35%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of global imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons), distantly followed by India (X tons), Vietnam (X tons), Germany (X tons), Turkey (X tons), the Czech Republic (X tons), South Korea (X tons) and the UK (X tons) were the major importers of lead, together achieving 62% of total imports. Spain (X tons), Italy (X tons), Taiwan (Chinese) (X tons), Poland (X tons) and Brazil (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to lead imports into the United States stood at +6.3%. At the same time, the Czech Republic (+10.2%), Vietnam (+10.2%), Turkey (+7.2%), Poland (+4.9%), Germany (+3.8%), India (+3.1%), Italy (+2.7%) and South Korea (+1.9%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in the world, with a CAGR of +10.2% from 2012-2022. Spain experienced a relatively flat trend pattern. By contrast, Brazil (-1.1%), Taiwan (Chinese) (-1.8%) and the UK (-2.4%) illustrated a downward trend over the same period. While the share of the United States (+6.3 p.p.), Vietnam (+3.5 p.p.), the Czech Republic (+2.6 p.p.) and Turkey (+2.2 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of the UK (-2.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported lead worldwide, comprising 19% of global imports. The second position in the ranking was held by India ($X), with a 7.9% share of global imports. It was followed by Germany, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +7.5%. In the other countries, the average annual rates were as follows: India (+3.6% per year) and Germany (+5.0% per year).

Import Prices by Country

The average lead import price stood at $X per ton in 2022, almost unchanged from the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 20% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+1.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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