Pakistan: Refined Lead Market 2024

Refined Lead Market Size in Pakistan

The Pakistani refined lead market fell to $X in 2022, reducing by -5.2% against the previous year. In general, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +2.3% against 2020 indices. Refined lead consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Refined Lead Production in Pakistan

In value terms, refined lead production fell slightly to $X in 2022 estimated in export price. Overall, production, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 72%. Refined lead production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Refined Lead Exports

Exports from Pakistan

In 2022, shipments abroad of refined lead (unwrought) increased by 28% to X tons, rising for the seventh year in a row after three years of decline. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 3,704%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, refined lead exports skyrocketed to $X in 2022. Overall, exports saw a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 4,540%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for refined lead exports from Pakistan, with a 70% share of total exports. Moreover, refined lead exports to the United States exceeded the volume sent to the second major destination, Japan (X tons), fivefold. The third position in this ranking was held by Indonesia (X tons), with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-2.6% per year) and Indonesia (+23.3% per year).

In value terms, the United States ($X) emerged as the key foreign market for refined lead (unwrought) exports from Pakistan, comprising 79% of total exports. The second position in the ranking was held by Indonesia ($X), with a 7.9% share of total exports. It was followed by Italy, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+30.3% per year) and Italy (+11.2% per year).

Export Prices by Country

In 2022, the average refined lead export price amounted to $X per ton, with an increase of 52% against the previous year. In general, the export price enjoyed a prominent increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to India ($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 Italy (+22.1%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Lead Imports

Imports into Pakistan

Refined lead imports into Pakistan contracted sharply to X tons in 2022, waning by -38.4% compared with the year before. Overall, imports showed a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 1,918% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, refined lead imports declined remarkably to $X in 2022. Over the period under review, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 1,593% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X tons), Saudi Arabia (X tons) and Germany (X tons) were the main suppliers of refined lead imports to Pakistan, together accounting for 44% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +61.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest refined lead suppliers to Pakistan were the United States ($X), Saudi Arabia ($X) and Germany ($X), together accounting for 45% of total imports.

In terms of the main suppliers, the United States, with a CAGR of +83.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average refined lead import price stood at $X per ton in 2022, dropping by -6.2% against the previous year. Over the period under review, the import price recorded a mild curtailment. The pace of growth appeared the most rapid in 2017 when the average import price increased by 23%. Over the period under review, average import prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 France ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+13.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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