Australia and Oceania: Refined Lead Market 2024

Refined Lead Market Size in Australia and Oceania

In 2022, the refined lead market in Australia and Oceania decreased by -6.5% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, showed strong growth. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Refined Lead Production in Australia and Oceania

In value terms, refined lead production rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 27% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

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Refined Lead Exports

Exports in Australia and Oceania

In 2022, approx. X tons of refined lead (unwrought) were exported in Australia and Oceania; picking up by 14% against 2021 figures. Over the period under review, exports, however, continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 17% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, refined lead exports stood at $X in 2022. Overall, exports, however, continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2017 when exports increased by 16% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Australia (X tons) was the major exporter of refined lead (unwrought) in Australia and Oceania, generating 99.9% of total export.

Australia was also the fastest-growing in terms of the refined lead (unwrought) exports, with a CAGR of -4.0% from 2012 to 2022. Australia (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest refined lead supplier in Australia and Oceania.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to -3.5%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, which is down by -2.7% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the export price increased by 28%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +0.6% per year.

Refined Lead Imports

Imports in Australia and Oceania

In 2022, supplies from abroad of refined lead (unwrought) was finally on the rise to reach X tons after two years of decline. Overall, imports, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 84% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, refined lead imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2019 when imports increased by 73%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

New Zealand dominates imports structure, finishing at X tons, which was near 89% of total imports in 2022. It was distantly followed by Fiji (X tons) and Australia (X tons), together constituting an 11% share of total imports.

New Zealand was also the fastest-growing in terms of the refined lead (unwrought) imports, with a CAGR of -4.6% from 2012 to 2022. Fiji (-10.4%) and Australia (-33.4%) illustrated a downward trend over the same period. While the share of New Zealand (+59 p.p.) and Fiji (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (-61.1 p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) constitutes the largest market for imported refined lead (unwrought) in Australia and Oceania, comprising 89% of total imports. The second position in the ranking was held by Fiji ($X), with a 7.4% share of total imports.

From 2012 to 2022, the average annual growth rate of value in New Zealand amounted to -2.9%. In the other countries, the average annual rates were as follows: Fiji (-7.8% per year) and Australia (-34.4% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, picking up by 6.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2017 when the import price increased by 26% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the import prices remained at a lower figure.

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 Fiji ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Fiji (+2.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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