Thailand: Refined Lead Market 2024

Refined Lead Market Size in Thailand

In 2022, the Thai refined lead market decreased by -19.4% to $X, falling for the fourth year in a row after three years of growth. Over the period under review, consumption recorded a pronounced decrease. Refined lead consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Refined Lead Exports

Exports from Thailand

In 2022, approx. X tons of refined lead (unwrought) were exported from Thailand; jumping by 17% compared with the previous year. Over the period under review, exports, however, faced a abrupt slump. The growth pace was the most rapid in 2020 when exports increased by 79% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, refined lead exports skyrocketed to $X in 2022. Overall, exports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 57%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for refined lead exports from Thailand, accounting for a 64% share of total exports. Moreover, refined lead exports to India exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X tons), threefold. Indonesia (X tons) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2022, the average annual growth rate of volume to India amounted to +13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+13.5% per year) and Indonesia (-20.6% per year).

In value terms, India ($X) remains the key foreign market for refined lead (unwrought) exports from Thailand, comprising 62% of total exports. The second position in the ranking was held by Lao People's Democratic Republic ($X), with a 22% share of total exports. It was followed by Indonesia, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India amounted to +13.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+13.6% per year) and Indonesia (-22.0% per year).

Export Prices by Country

The average refined lead export price stood at $X per ton in 2022, leveling off at the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 29% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Lao People's Democratic Republic ($X per ton) and Australia ($X per ton), while the average price for exports to Indonesia ($X per ton) and India ($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 Taiwan (Chinese) (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Lead Imports

Imports into Thailand

For the fourth year in a row, Thailand recorded decline in overseas purchases of refined lead (unwrought), which decreased by -21.6% to X tons in 2022. Over the period under review, imports recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 24% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, refined lead imports fell markedly to $X in 2022. Overall, imports showed a noticeable decline. The pace of growth appeared the most rapid in 2016 when imports increased by 26%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

India (X tons), China (X tons) and Japan (X tons) were the main suppliers of refined lead imports to Thailand, with a combined 69% share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +267.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Japan ($X) constituted the largest refined lead suppliers to Thailand, together comprising 70% of total imports.

In terms of the main suppliers, India, with a CAGR of +270.4%, 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, growing by 6% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 22% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per ton) and Myanmar ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and Australia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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