Australia: Refined Lead Market 2024

Refined Lead Market Size in Australia

The Australian refined lead market shrank to $X in 2022, reducing by -6.6% against the previous year. Overall, consumption, however, continues to indicate prominent growth. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Refined Lead Production in Australia

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 mild setback. The pace of growth was the most pronounced in 2020 with an increase of 21% against the previous year. Refined lead production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

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Refined Lead Exports

Exports from Australia

Refined lead exports from Australia was estimated at X tons in 2022, picking up by 14% on the previous year's figure. In general, exports, however, continue to indicate a pronounced descent. The pace of growth appeared the most rapid in 2020 when exports increased by 17%. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, refined lead exports expanded significantly to $X in 2022. Overall, exports, however, continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 15%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for refined lead exports from Australia, accounting for a 71% share of total exports. Moreover, refined lead exports to the United States exceeded the volume sent to the second major destination, Vietnam (X tons), eightfold. The Philippines (X tons) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +16.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-7.4% per year) and the Philippines (+50.1% per year).

In value terms, the United States ($X) remains the key foreign market for refined lead (unwrought) exports from Australia, comprising 71% of total exports. The second position in the ranking was held by Vietnam ($X), with an 8.9% share of total exports. It was followed by the Philippines, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-6.7% per year) and the Philippines (+51.3% per year).

Export Prices by Country

The average refined lead export price stood at $X per ton in 2022, with a decrease of -2.7% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 28% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were South Korea ($X per ton) and Indonesia ($X per ton), while the average price for exports to India ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Lead Imports

Imports into Australia

In 2022, purchases abroad of refined lead (unwrought) increased by 1% to X tons, rising for the fifth year in a row after four years of decline. Overall, imports, however, continue to indicate a precipitous decline. The growth pace was the most rapid in 2013 with an increase of 44% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, refined lead imports fell to $X in 2022. Over the period under review, imports, however, showed a sharp setback. The pace of growth was the most pronounced in 2013 when imports increased by 55%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) constituted the largest refined lead supplier to Australia, accounting for a 88% share of total imports. Moreover, refined lead imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume from India amounted to +35.4%.

In value terms, India ($X) constituted the largest supplier of refined lead (unwrought) to Australia, comprising 82% of total imports. The second position in the ranking was taken by China ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual growth rate of value from India amounted to +28.6%.

Import Prices by Country

In 2022, the average refined lead import price amounted to $X per ton, reducing by -10.4% against the previous year. Over the period under review, the import price continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2016 an increase of 15% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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