The forecast for China's import of refined unwrought lead shows a steady upward trend from 2024 through 2028. In 2023, the volume was recorded at approximately 148.2 million kilograms. Moving from this base, the year-on-year variations reflect a consistent increase: 4.95% from 2024 to 2025, 4.64% from 2025 to 2026, 4.33% from 2026 to 2027, and 4.07% from 2027 to 2028. The compounded annual growth rate (CAGR) over these five years is expected to be around 4.50%.
Future trends to watch for include:
- Global demand for lead in battery production, driven by the EV market.
- Potential changes in Chinese environmental policies affecting lead importation.
- Fluctuations in lead prices on the global market.
- Developments in recycling technology impacting import needs.
