Saudi Arabia: Lead Market 2024

Lead Market Size in Saudi Arabia

In 2022, the Saudi lead market was finally on the rise to reach $X after three years of decline. In general, consumption, however, showed a deep downturn. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Lead Production in Saudi Arabia

In value terms, lead production dropped to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable expansion. The growth pace was the most rapid in 2016 with an increase of X%. Lead production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Lead Exports

Exports from Saudi Arabia

In 2022, the amount of lead exported from Saudi Arabia shrank sharply to X tons, falling by X% against the previous year's figure. Over the period under review, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at X tons in 2021, and then dropped notably in the following year.

In value terms, lead exports fell sharply to $X in 2022. In general, exports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then dropped sharply in the following year.

Exports by Country

Turkey (X tons) was the main destination for lead exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, lead exports to Turkey exceeded the volume sent to the second major destination, South Korea (X tons), fivefold. The third position in this ranking was held by India (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and India (X% per year).

In value terms, Turkey ($X) remains the key foreign market for lead exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average lead export price amounted to $X per ton, declining by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the United Arab Emirates ($X per ton) and Oman ($X per ton), while the average price for exports to Pakistan ($X per ton) and India ($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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Lead Imports

Imports into Saudi Arabia

Lead imports into Saudi Arabia dropped significantly to X tons in 2018, which is down by X% against the year before. In general, imports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2018, imports stood at a somewhat lower figure.

In value terms, lead imports shrank dramatically to $X in 2018. Overall, imports continue to indicate a precipitous slump. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2018, imports remained at a lower figure.

Imports by Country

Australia (X tons), India (X tons) and Tanzania (X tons) were the main suppliers of lead imports to Saudi Arabia, with a combined X% share of total imports. South Korea, the Czech Republic, Belgium and Lebanon lagged somewhat behind, together comprising a further X%.

From 2012 to 2018, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lead suppliers to Saudi Arabia were Australia ($X), India ($X) and Tanzania ($X), with a combined X% share of total imports. South Korea, the Czech Republic, Belgium and Lebanon lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, the Czech Republic, with a CAGR of X%, recorded the highest growth rate of 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

In 2018, the average lead import price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2018, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked in 2018 and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2018, amid the top importers, the highest price was recorded for prices from the Czech Republic ($X per ton) and Belgium ($X per ton), while the price for Lebanon ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2018, the most notable rate of growth in terms of prices was attained by Australia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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