Asia-Pacific: Refined Lead Market 2023

Refined Lead Market Size in Asia-Pacific

The Asia-Pacific refined lead market reduced modestly to $X in 2022, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Refined Lead Production in Asia-Pacific

In value terms, refined lead production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 29% against the previous year. The level of production peaked in 2022 and is likely to continue growth in the near future.

Refined Lead Exports

Exports in Asia-Pacific

In 2022, shipments abroad of refined lead (unwrought) increased by 8.8% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 22%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, refined lead exports expanded notably to $X in 2022. Total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 33% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

South Korea represented the key exporting country with an export of about X tons, which reached 36% of total exports. It was distantly followed by Australia (X tons), India (X tons), China (X tons) and Malaysia (X tons), together generating a 55% share of total exports. The following exporters - Taiwan (Chinese) (X tons) and Myanmar (X tons) - each recorded a 4.1% share of total exports.

Exports from South Korea increased at an average annual rate of +7.0% from 2012 to 2022. At the same time, Myanmar (+96.8%), China (+48.7%), India (+16.4%) and Taiwan (Chinese) (+8.9%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +96.8% from 2012-2022. Malaysia experienced a relatively flat trend pattern. By contrast, Australia (-4.0%) illustrated a downward trend over the same period. While the share of China (+15 p.p.), India (+12 p.p.), South Korea (+9.1 p.p.) and Myanmar (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (-2.4 p.p.) and Australia (-21.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) remains the largest refined lead supplier in Asia-Pacific, comprising 36% of total exports. The second position in the ranking was taken by India ($X), with a 17% share of total exports. It was followed by Australia, with a 17% share.

From 2012 to 2022, the average annual growth rate of value in South Korea amounted to +7.7%. In the other countries, the average annual rates were as follows: India (+17.2% per year) and Australia (-3.5% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, remaining stable against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 22%. Over the period under review, the export prices reached the maximum at $X per ton in 2018; afterwards, it flattened through to 2022.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in China ($X per ton) and India ($X per ton), while Myanmar ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.2%), while the other leaders experienced more modest paces of growth.

Refined Lead Imports

Imports in Asia-Pacific

In 2022, overseas purchases of refined lead (unwrought) decreased by -3.8% to X tons, falling for the fourth consecutive year after three years of growth. In general, imports showed a mild reduction. The most prominent rate of growth was recorded in 2016 when imports increased by 9.8%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, refined lead imports declined slightly to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 34% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Vietnam (X tons) and South Korea (X tons) represented the largest importers of refined lead (unwrought) in 2022, recording near 20% and 19% of total imports, respectively. Taiwan (Chinese) (X tons) took the next position in the ranking, followed by India (X tons), Thailand (X tons), Indonesia (X tons), Japan (X tons) and the Philippines (X tons). All these countries together held approx. 50% share of total imports. Malaysia (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines (with a CAGR of +22.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Vietnam ($X) and Taiwan (Chinese) ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 51% share of total imports. India, Indonesia, Thailand, Japan, the Philippines and Malaysia lagged somewhat behind, together comprising a further 42%.

The Philippines, with a CAGR of +22.7%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, almost unchanged from the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 25% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Indonesia ($X per ton) and Thailand ($X per ton), while Malaysia ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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