
GCC - Refined Lead (Unwrought) - Market Analysis, Forecast, Size, Trends and Insights
GCC: Refined Lead Market 2023
Refined Lead Market Size in GCC
After two years of growth, the GCC refined lead market decreased by -2.6% to $X in 2022. In general, consumption enjoyed a resilient increase. 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 GCC
In value terms, refined lead production fell slightly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 76% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.
Refined Lead Exports
Exports in GCC
In 2022, approx. X tons of refined lead (unwrought) were exported in GCC; falling by -7.4% on the previous year's figure. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 32%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.
In value terms, refined lead exports contracted to $X in 2022. Overall, exports saw a slight contraction. The pace of growth appeared the most rapid in 2013 with an increase of 42%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.
Exports by Country
The United Arab Emirates dominates exports structure, recording X tons, which was approx. 96% of total exports in 2022. Oman (X tons) took a minor share of total exports.
The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of refined lead (unwrought). At the same time, Oman (+8.6%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +8.6% from 2012-2022. Oman (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United Arab Emirates ($X) remains the largest refined lead supplier in GCC, comprising 97% of total exports. The second position in the ranking was taken by Oman ($X), with a 3% share of total exports.
From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates was relatively modest.
Export Prices by Country
The export price in GCC stood at $X per ton in 2022, which is down by -5.2% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 28%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman amounted to $X per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-0.4%).
Refined Lead Imports
Imports in GCC
In 2022, after two years of growth, there was significant decline in supplies from abroad of refined lead (unwrought), when their volume decreased by -18.6% to X tons. In general, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2015 when imports increased by 83% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.
In value terms, refined lead imports dropped sharply to $X in 2022. Overall, imports showed a deep slump. The pace of growth was the most pronounced in 2015 with an increase of 58%. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.
Imports by Country
The United Arab Emirates represented the major importer of refined lead (unwrought) in GCC, with the volume of imports recording X tons, which was near 62% of total imports in 2022. It was distantly followed by Oman (X tons) and Qatar (X tons), together mixing up a 35% share of total imports. Kuwait (X tons) followed a long way behind the leaders.
Imports into the United Arab Emirates increased at an average annual rate of +3.4% from 2012 to 2022. At the same time, Qatar (+32.3%) and Kuwait (+8.7%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of +32.3% from 2012-2022. By contrast, Oman (-1.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, Oman, Qatar and Kuwait increased by +38, +11, +6.8 and +1.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United Arab Emirates ($X) constitutes the largest market for imported refined lead (unwrought) in GCC, comprising 62% of total imports. The second position in the ranking was held by Oman ($X), with a 27% share of total imports. It was followed by Qatar, with an 8.2% share.
In the United Arab Emirates, refined lead imports increased at an average annual rate of +2.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Oman (-2.0% per year) and Qatar (+33.0% per year).
Import Prices by Country
The import price in GCC stood at $X per ton in 2022, with an increase of 1.8% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 23% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Kuwait ($X per ton) and Qatar ($X per ton), while Oman ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+0.5%), while the other leaders experienced mixed trends in the import price figures.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the refined lead market in GCC. 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 2030.
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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