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World - Refined Lead - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

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Article Publishing Date: Jun 21, 2021

Rising Demand for Batteries Launches Global Refined Lead Market Recovery

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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 tonnes, 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 tonnes) 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 tonnes), fourfold. South Korea (612K tonnes) 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 tonnes 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 tonnes), distantly followed by Turkey (117K tonnes), Germany (112K tonnes), South Korea (94K tonnes), India (94K tonnes), Viet Nam (87K tonnes) and Spain (87K tonnes) were the key importers of refined lead, together achieving 57% of total imports. The following importers - Thailand (56K tonnes), Italy (50K tonnes), the Czech Republic (50K tonnes), Brazil (47K tonnes), France (42K tonnes) and the United Arab Emirates (38K tonnes) - 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 tonne, 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 tonne) and Viet Nam ($2,085 per tonne), while France ($1,667 per tonne) and the U.S. ($1,880 per tonne) were amongst the lowest.

Source: IndexBox Platform

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

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.



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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

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
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2018–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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