Key Market Indicators
India is set to become the second-largest lead importer in the world by 2026. Imports are expected to reach $1.11 billion, up from $933 million in 2021, at an average annual growth rate of 3%. Since 1993, Indian demand for lead has grown by 10.6% year-on-year. In 2021, the US overtook India as the largest importer, with imports of $933 million. Germany and the UK were the third and fourth largest importers, respectively. Exports of lead from India are expected to reach $618 million by 2026, up from $487 million in 2021, at an average annual growth rate of 4%. Since 1993, Indian supply has risen by 24.2% year-on-year. In 2021, Germany overtook India as the sixth-largest exporter, with exports of $487 million. Australia, the UK and Canada were the second, third and fourth largest exporters, respectively.