Singapore: Refined Lead Market 2024

Refined Lead Market Size in Singapore

After two years of decline, the Singaporean refined lead market increased by 17% to $X in 2022. In general, consumption, however, recorded a deep setback. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Refined Lead Production in Singapore

In value terms, refined lead production dropped sharply to $X in 2022 estimated in export price. Over the period under review, production saw a sharp contraction. The pace of growth appeared the most rapid in 2015 with an increase of 388%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Refined Lead Exports

Exports from Singapore

For the fifth consecutive year, Singapore recorded growth in overseas shipments of refined lead (unwrought), which increased by 40% to X tons in 2022. In general, exports, however, saw a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 573%. The exports peaked 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. Over the period under review, exports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2018 when exports increased by 502% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons) was the main destination for refined lead exports from Singapore, accounting for a 57% share of total exports. Moreover, refined lead exports to Vietnam exceeded the volume sent to the second major destination, Bangladesh (X tons), twofold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Vietnam amounted to +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+34.6% per year) and Taiwan (Chinese) (-21.3% per year).

In value terms, Vietnam ($X) remains the key foreign market for refined lead (unwrought) exports from Singapore, comprising 54% of total exports. The second position in the ranking was held by Bangladesh ($X), with a 26% share of total exports. It was followed by Taiwan (Chinese), with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Vietnam stood at +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+36.0% per year) and Taiwan (Chinese) (-20.9% per year).

Export Prices by Country

In 2022, the average refined lead export price amounted to $X per ton, with a decrease of -1.7% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 15%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Thailand ($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 Malaysia (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Lead Imports

Imports into Singapore

In 2022, the amount of refined lead (unwrought) imported into Singapore soared to X tons, jumping by 892% against 2021. Overall, imports posted strong growth. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, refined lead imports surged to $X in 2022. Over the period under review, imports continue to indicate strong growth. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of refined lead to Singapore, with a 64% share of total imports. Moreover, refined lead imports from India exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. The third position in this ranking was taken by Indonesia (X tons), with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to +49.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+322.8% per year) and Indonesia (-13.0% per year).

In value terms, India ($X) constituted the largest supplier of refined lead (unwrought) to Singapore, comprising 63% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 24% share of total imports. It was followed by Indonesia, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value from India totaled +49.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+325.0% per year) and Indonesia (-13.7% per year).

Import Prices by Country

In 2022, the average refined lead import price amounted to $X per ton, waning by -16.5% against the previous year. In general, the import price continues to indicate a slight descent. The most prominent rate of growth was recorded in 2017 an increase of 43% against the previous year. Over the period under review, average import prices reached the maximum 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 supplying countries. In 2022, amid the top importers, the countries with the highest prices were Australia ($X per ton) and Indonesia ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and India ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :