United Arab Emirates: Refined Lead Market 2024

Refined Lead Market Size in the United Arab Emirates

The refined lead market in the United Arab Emirates contracted to $X in 2022, waning by -12.1% against the previous year. Overall, consumption, however, enjoyed a noticeable increase. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Refined Lead Production in the United Arab Emirates

In value terms, refined lead production contracted to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 386% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

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Refined Lead Exports

Exports from the United Arab Emirates

In 2022, the amount of refined lead (unwrought) exported from the United Arab Emirates contracted to X tons, shrinking by -8% compared with the year before. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 35%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, refined lead exports fell to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 46% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X tons), India (X tons) and China (X tons) were the main destinations of refined lead exports from the United Arab Emirates, together comprising 90% of total exports. These countries were followed by Turkey, which accounted for a further 3.3%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +28.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for refined lead exported from the United Arab Emirates were South Korea ($X), India ($X) and Turkey ($X), with a combined 89% share of total exports.

In terms of the main countries of destination, Turkey, with a CAGR of +27.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average refined lead export price stood at $X per ton in 2022, dropping by -5% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 28% against the previous year. The export price peaked 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to China ($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 Iran (+16.1%), while the prices for the other major destinations experienced mixed trend patterns.

Refined Lead Imports

Imports into the United Arab Emirates

After two years of growth, purchases abroad of refined lead (unwrought) decreased by -22.3% to X tons in 2022. Overall, imports, however, showed a pronounced expansion. The pace of growth was the most pronounced in 2015 with an increase of 109%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, refined lead imports fell markedly to $X in 2022. In general, imports, however, enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2015 with an increase of 72% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of refined lead to the United Arab Emirates, accounting for a 67% share of total imports. Moreover, refined lead imports from India exceeded the figures recorded by the second-largest supplier, Tanzania (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to +30.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Tanzania (+11.1% per year) and the UK (-17.5% per year).

In value terms, India ($X) constituted the largest supplier of refined lead (unwrought) to the United Arab Emirates, comprising 65% of total imports. The second position in the ranking was held by Tanzania ($X), with a 27% share of total imports.

From 2012 to 2022, the average annual growth rate of value from India amounted to +25.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Tanzania (+11.1% per year) and the UK (-17.5% per year).

Import Prices by Country

The average refined lead import price stood at $X per ton in 2022, growing by 6.8% against the previous year. Overall, the import price, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by 25%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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