World - Lead - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact
Lead Prices to Drop 5% in 2022 on Boosted Recycling in China
IndexBox has just published a new report: 'World - Lead - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
Refined lead prices jumped by 21% y/y to $2,200 per tonne in 2021 on boosting demand for car batteries. This year, prices are forecast to drop by 5% due to an expected increase in lead supply.
The annual average lead price is expected to drop by approx. 5% y/y to $2,100 per this year. After a drop in 2021, global lead supply is expected to rise, primarily due to the increased output of lead-containing by-products from zinc mines and boosting recycling in China. Transition to electric cars with nickel-lithium accumulators and falling demand for gas-powered vehicles should lead to a decrease in demand for lead batteries and, as a consequence, for the metal as well. Rising supply coupled with lower demand should ease lead prices this year.
Limited supply combined with surging demand for lead-acid accumulators led to a spike in lead price last year. According to World Bank and USGS data, the annual price for the refined lead soared by 20.6% y/y to $2,200 per tonne in 2021. The reason was that global lead production decreased by 2% y/y to 4.3M tonnes owing to the closure of several secondary smelters, including one in South Carolina, the U.S. At the same time, the need for lead accumulators increased significantly during that time due to booming used car sales and old battery replacement.
Global Lead Exports
Global lead exports reduced to 2.6M tonnes in 2020, shrinking by -7.1% on the year before. In value terms, supplies totalled $5.1B (IndexBox estimates).
South Korea (327K tonnes) and Australia (297K tonnes) represented the largest exporters of lead across the globe, together making up 24% of total volume. It was followed by Canada (185K tonnes), the UK (177K tonnes), India (167K tonnes), Germany (127K tonnes) and Belgium (116K tonnes), together mixing up a 30% share of total exports. Kazakhstan (109K tonnes), Russia (94K tonnes), Bulgaria (87K tonnes), Sweden (78K tonnes), Poland (67K tonnes) and Japan (58K tonnes) took a minor share of total supplies.
In value terms, the largest lead supplying countries worldwide were South Korea ($650M), Australia ($617M) and the UK ($385M), together accounting for 32% of global exports. Canada, India, Germany, Belgium, Bulgaria, Russia, Sweden, Poland, Japan and Kazakhstan lagged somewhat behind, together comprising a further 40%.
Japan doubled the value of exports in 2020, while shipments for the other global leaders experienced more modest paces of growth.
Top Lead Importers Worldwide
In 2020, the U.S. (383K tonnes), followed by India (246K tonnes), Vietnam (237K tonnes), Germany (178K tonnes), the Czech Republic (164K tonnes), the UK (154K tonnes), South Korea (140K tonnes) and Turkey (134K tonnes) were the major importers of lead, together generating 59% of total volume. The following importers - Spain (119K tonnes), Thailand (91K tonnes), Taiwan (Chinese) (87K tonnes), Italy (77K tonnes) and Poland (69K tonnes) - together made up 16% of total supplies.
Source: IndexBox Platform
This report provides an in-depth analysis of the global 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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