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World - Refined Lead - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

World - Refined Lead - Market Analysis, Forecast, Size, Trends And Insights

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Article Publishing Date: Jun 21, 2021

Rising Demand for Batteries Launches Global Refined Lead Market Recovery

IndexBox has just published a new report: 'World - Refined Lead - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

During the pandemic year, global lead production declined by 4% y-o-y, to 12M tons, due to a drop in demand from the chemical, metallurgical and electrical industries, including battery manufacturing. As the downstream industries started to recover, the demand for lead follows. Combined with the expected growth in the electric vehicle industry, this creates opportunities for the future growth of the lead market.

Key Trends and Insights

Global refined lead production fell by 4% in 2020, hampered by the reduced demand in downstream industries. In 2020, global lead mining declined significantly in Kazakhstan (-46.4% y-o-y) Bolivia (-26%), Peru (-22.1%), Mexico (-7.3%), Australia (-5.7%), China (-5.0%) and Russia (-4.3%). The quarantine restrictions had a significant impact on the mining industry in these countries. In the U.S. (+5.8% y-o-y), India (+5.0%), and Sweden (+1.4%), mining output increased, while in Turkey and Tajikistan, it remained relatively unchanged. The fall of the mined output was partially offset by secondary smelting.

In Q1-Q3 of 2020, the average price for the lead on the London Metal Exchange was 81.5 cents per pound, a 10% fall against the same period of 2019. This slump in prices was caused by excessive supply against demand. The global volume of lead in stock at the London Metal Exchange in 2020 was 88% higher than the previous year. At the end of 2020, metal prices started to rise, as metal stocks reduced.

The anticipated recovery in the demand from battery production is set to drive the expansion of the lead market. By 2030, the global need for battery-based energy storage is projected to increase ninefold owing to the robust development of the electric vehicle industry. Traditional lead batteries are likely to retain their position on the market against their lithium and nickel competitors.

The lead application in cable and container coatings has been in steady decline, due to the current trend of replacing lead with other functional alternatives. This may slightly curb the growth of the lead market.

The global recycling capacity for lead batteries is forecast to expand steadily, against increasingly stringent environmental regulations and the shift to a circular economy. The recycling of lead-acid batteries in developed countries, including the U.S. and the EU, currently stands at 98-99%, whereas in China it is 80–85%. The poor degree of recycling in developing countries may have a detrimental impact on the environment and public health. Should the global downstream industries opt for recycled lead, it may slow down the expansion of the lead mining sector in developing countries.

Refined Lead Consumption by Country

The global refined lead market shrank to $23.8B in 2020, reducing by -7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.3% over the period from 2012 to 2020 (IndexBox estimates).

China (5.6M tons) constituted the country with the largest volume of refined lead consumption, comprising approx. 47% of total volume. Moreover, refined lead consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (1.4M tons), fourfold. South Korea (612K tons) ranked third in terms of total consumption with a 5.1% share.

In value terms, China ($11.6B) led the market, alone. The second position in the ranking was occupied by the U.S. ($2.8B). It was followed by South Korea.

Refined Lead Imports by Country

Global refined lead imports dropped sharply to 1.6M tons in 2020, waning by -16.7% compared with the previous year's figure. The total import volume increased at an average annual rate of +1.0% from 2012 to 2020. In value terms, refined lead imports contracted significantly to $3.1B in 2020.

In 2020, the U.S. (314K tons), distantly followed by Turkey (117K tons), Germany (112K tons), South Korea (94K tons), India (94K tons), Vietnam (87K tons) and Spain (87K tons) were the key importers of refined lead, together achieving 57% of total imports. The following importers - Thailand (56K tons), Italy (50K tons), the Czech Republic (50K tons), Brazil (47K tons), France (42K tons) and the United Arab Emirates (38K tons) - together made up 18% of total imports.

In value terms, the U.S. ($590M) constitutes the largest market for imported refined lead worldwide, comprising 19% of global imports. The second position in the ranking was occupied by Turkey ($245M), with a 7.8% share of global imports. It was followed by Germany, with a 7.1% share.

In 2020, the average refined lead import price amounted to $1,976 per ton, which is down by -5.8% against the previous year. Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Turkey ($2,091 per ton) and Vietnam ($2,085 per ton), while France ($1,667 per ton) and the U.S. ($1,880 per ton) were amongst the lowest.

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Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global refined lead market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.

Product coverage:

  • Prodcom 24431130 - Refined unwrought lead (excluding lead powders or flakes)

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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