Turkey: Refined Lead Market 2024

Refined Lead Market Size in Turkey

In 2022, the Turkish refined lead market increased by 16% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +44.7% against 2020 indices. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in the immediate term.

Refined Lead Exports

Exports from Turkey

In 2022, approx. X tons of refined lead (unwrought) were exported from Turkey; picking up by 1,070% against the previous year's figure. Over the period under review, exports showed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, refined lead exports surged to $X in 2022. In general, exports saw a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons), the United States (X tons) and South Africa (X tons) were the main destinations of refined lead exports from Turkey, with a combined 71% share of total exports. Cyprus, Bosnia and Herzegovina, Greece, Bulgaria, Tunisia, Romania and Spain lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the biggest increases were recorded for Cyprus (with a CAGR of +437.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for refined lead exported from Turkey were Italy ($X), the United States ($X) and South Africa ($X), together comprising 67% of total exports. Bosnia and Herzegovina, Cyprus, Greece, Bulgaria, Tunisia, Romania and Spain lagged somewhat behind, together comprising a further 26%.

Cyprus, with a CAGR of +463.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average refined lead export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 19%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to the United States ($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 Spain (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Lead Imports

Imports into Turkey

In 2022, imports of refined lead (unwrought) into Turkey surged to X tons, with an increase of 23% against the year before. In general, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +18.9% against 2018 indices. The pace of growth was the most pronounced in 2017 when imports increased by 25%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, refined lead imports surged to $X in 2022. Over the period under review, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.5% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 53%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Bulgaria (X tons), Kazakhstan (X tons) and Saudi Arabia (X tons) were the main suppliers of refined lead imports to Turkey, with a combined 64% share of total imports. China, Russia, Ghana and Iraq lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Iraq (with a CAGR of +172.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Kazakhstan ($X) and Saudi Arabia ($X) constituted the largest refined lead suppliers to Turkey, together comprising 64% of total imports. China, Russia, Ghana and Iraq lagged somewhat behind, together comprising a further 26%.

Iraq, with a CAGR of +183.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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, almost unchanged from the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 23% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Bulgaria ($X per ton) and Iraq ($X per ton), while the price for Russia ($X per ton) and Kazakhstan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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