Indonesia: Refined Lead Market 2024

Refined Lead Market Size in Indonesia

In 2022, the Indonesian refined lead market increased by 27% to $X, rising for the second year in a row after four years of decline. Over the period under review, consumption, however, saw a mild decrease. Refined lead consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Refined Lead Exports

Exports from Indonesia

After two years of decline, shipments abroad of refined lead (unwrought) increased by 34% to X tons in 2022. Overall, exports showed a notable expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 276% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, refined lead exports surged to $X in 2022. Over the period under review, exports posted a notable increase. The pace of growth was the most pronounced in 2015 when exports increased by 228% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for refined lead exports from Indonesia, accounting for a 36% share of total exports. Moreover, refined lead exports to Japan exceeded the volume sent to the second major destination, Thailand (X tons), twofold. The third position in this ranking was taken by India (X tons), with an 8.6% share.

From 2012 to 2022, the average annual growth rate of volume to Japan stood at +37.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-3.3% per year) and India (+6.4% per year).

In value terms, Japan ($X) remains the key foreign market for refined lead (unwrought) exports from Indonesia, comprising 36% of total exports. The second position in the ranking was held by Thailand ($X), with a 17% share of total exports. It was followed by India, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value to Japan amounted to +35.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-4.6% per year) and India (+4.7% per year).

Export Prices by Country

The average refined lead export price stood at $X per ton in 2022, standing approx. at the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+20.4%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Lead Imports

Imports into Indonesia

In 2022, approx. X tons of refined lead (unwrought) were imported into Indonesia; increasing by 13% on the previous year's figure. Over the period under review, imports, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of 55% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, refined lead imports surged to $X in 2022. In general, imports, however, recorded a slight shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 84%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Korea (X tons) constituted the largest supplier of refined lead to Indonesia, with a 45% share of total imports. Moreover, refined lead imports from South Korea exceeded the figures recorded by the second-largest supplier, Myanmar (X tons), threefold. The third position in this ranking was taken by Australia (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea stood at -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (+51.4% per year) and Australia (-1.3% per year).

In value terms, South Korea ($X) constituted the largest supplier of refined lead (unwrought) to Indonesia, comprising 47% of total imports. The second position in the ranking was taken by Australia ($X), with a 14% share of total imports. It was followed by Myanmar, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from South Korea was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+2.2% per year) and Myanmar (+58.6% per year).

Import Prices by Country

In 2022, the average refined lead import price amounted to $X per ton, rising by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 24% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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