Peru Lead Ore HS2607 Export Data 2025 Q1 Overview

Peru Lead Ore (HS 2607) 2025 Q1 Export: Key Takeaways

Peru's Lead Ore exports under HS Code 2607 in 2025 Q1 were dominated by China Mainland, capturing 69% of both value and weight shares, signaling uniform pricing and standard-grade commodity trade. The market shows high buyer concentration, with China as the primary importer, while South Korea and Japan form a secondary cluster, suggesting minor demand variations. This analysis, based on cleanly processed Customs data from the yTrade database, highlights Peru's reliance on China but underscores diversification opportunities in stable markets like South Korea to mitigate geopolitical risks.

Peru Lead Ore (HS 2607) 2025 Q1 Export Background

Peru's Lead Ore exports (HS Code 2607: Lead ores and concentrates) fuel global battery and construction industries, with stable demand driven by renewable energy growth. Recent US tariff hikes [EY Tax News] add complexity to Peru's 2025 Q1 trade, where it holds a 25% share in South Korea's imports [GTAIC]. As a top global supplier, Peru's mineral-rich Andes remain critical for meeting industrial needs amid shifting trade policies.

Peru Lead Ore (HS 2607) 2025 Q1 Export: Trend Summary

Key Observations

Peru Lead Ore HS Code 2607 Export 2025 Q1 performance showed significant volatility, with a sharp mid-quarter price and volume correction in February before a strong March recovery.

Price and Volume Dynamics

The quarter opened with stable pricing at $2.40/kg in January, but February saw a dramatic 18% price drop to $1.97/kg alongside a 29% volume decrease. This contraction likely reflects buyers delaying purchases ahead of anticipated tariff changes. The market rebounded strongly in March with prices recovering to $2.20/kg and volumes surpassing January levels, indicating renewed confidence and possible inventory rebuilding after the policy clarity.

External Context and Outlook

The February downturn aligns directly with the [EY Tax News] report of US tariff implementation in early April 2025, which caused temporary trade hesitation. Peru's simultaneous customs duty reductions to 1% [Chambers] helped stabilize export costs, supporting the March recovery. These counterbalancing policies create a cautiously optimistic outlook for Peru's lead ore exports despite broader trade uncertainties.

Peru Lead Ore (HS 2607) 2025 Q1 Export: HS Code Breakdown

Product Specialization and Concentration

For Peru Lead Ore HS Code 2607 Export in 2025 Q1, the market is entirely dominated by a single product type. The sub-code 2607000000, "Lead ores and concentrates", holds a 100% value share and weight share, with a uniform unit price of 2.21 USD per kilogram. This complete concentration indicates no internal specialization or price anomalies within the code for this period.

Value-Chain Structure and Grade Analysis

The export structure consists solely of raw lead ore in bulk form, classified under one sub-code. This lack of variation points to a homogenous, fungible commodity trade, where products are undifferentiated and typically priced against global market indices rather than based on value-add stages or quality grades.

Strategic Implication and Pricing Power

As a bulk commodity, Peru's lead ore exports face limited pricing power, with prices driven by external market forces. The impending US tariff of 10% effective April 2025 [EY Tax News] could introduce future cost pressures, urging exporters to monitor global demand shifts and diversify markets to mitigate risks.

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Peru Lead Ore (HS 2607) 2025 Q1 Export: Market Concentration

Geographic Concentration and Dominant Role

In Q1 2025, Peru's lead ore exports under HS Code 2607 were highly concentrated, with China Mainland as the dominant importer, holding 69.01% of the value share and 69.36% of the weight share. The nearly identical value and weight ratios indicate uniform pricing for standard-grade commodity lead ore, without significant quality variations during this period.

Partner Countries Clusters and Underlying Causes

The import partners form two clear clusters: China Mainland as the primary cluster due to its massive industrial demand and established trade routes, accounting for over two-thirds of imports. South Korea and Japan represent a secondary cluster, with South Korea's consistent ratios suggesting steady demand for manufacturing, while Japan's slightly higher value ratio relative to weight may point to minor preferences for higher-grade or processed ore, common in advanced economies.

Forward Strategy and Supply Chain Implications

For Peru, maintaining reliable supply to China is key, but diversifying to markets like South Korea—where Peru holds a 25% import share as noted in GTAIC—could mitigate risks from global tariff shifts, such as US tariffs affecting trade flows. Exporters should focus on cost-efficient logistics and monitor policy changes for stable 2025 Q1 operations.

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Peru Lead Ore (HS 2607) 2025 Q1 Export: Buyer Cluster

Buyer Market Concentration and Dominance

The Peru Lead Ore Export 2025 Q1 market, under HS Code 2607, shows high concentration among four segments of buyers. The dominant group consists of buyers who make frequent, high-value purchases, accounting for 89.70% of total export value. This indicates a market driven by steady, large-scale transactions typical for commodity exports like lead ore. The analysis for 2025 Q1 reveals that most trade volume comes from this core segment, emphasizing reliance on a few key players.

Strategic Buyer Clusters and Trade Role

Other buyer segments play supporting roles. Buyers with high value but low frequency likely represent occasional large orders, possibly for specific industrial needs or stockpiling. Those with low value but high frequency are smaller, regular purchasers, such as local traders or minor processors. The low value and low frequency group includes infrequent, small-scale buyers, which might be new market entrants or niche users. For a commodity like lead ore, these clusters help balance market stability but contribute minimally to overall value.

Sales Strategy and Vulnerability

For Peruvian exporters, the strategy should focus on securing relationships with dominant high-value, high-frequency buyers to maintain revenue. However, dependency on this segment creates vulnerability to external shocks, such as potential impacts from US tariffs imposed in April 2025 [EY Tax News]. Diversifying into other buyer clusters could mitigate risks and tap into emerging opportunities. The high frequency of transactions suggests a need for efficient logistics and reliable supply chains to support ongoing demand.

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Peru Lead Ore (HS 2607) 2025 Q1 Export: Action Plan for Lead Ore Market Expansion

Strategic Supply Chain Overview

Peru Lead Ore Export 2025 Q1 under HS Code 2607 operates as a pure commodity market. Price is driven by global indices and external factors like the impending US tariff. Supply chain implications focus on securing bulk logistics for China, the dominant buyer. High buyer concentration creates vulnerability to demand shifts.

Action Plan: Data-Driven Steps for Lead Ore Market Execution

• Track buyer purchase frequency data. This helps predict order cycles and optimize inventory levels. It prevents stockouts or overstock.
• Analyze real-time shipping records for South Korea. Target buyers with consistent import patterns. This builds a stable secondary market beyond China.
• Monitor US tariff policy updates monthly. Adjust pricing strategies early. It mitigates cost pressures on HS Code 2607 exports.
• Profile low-frequency, high-value buyers. Engage them with tailored offers. It diversifies revenue sources and reduces reliance on a few clients.

Take Action Now —— Explore Peru Lead Ore Export Data

Frequently Asked Questions

Q1. What is driving the recent changes in Peru Lead Ore Export 2025 Q1?

The market saw a sharp February 2025 price drop (18%) and volume decline (29%) due to buyer hesitation ahead of US tariff implementation, followed by a March recovery as policy clarity emerged and inventory rebuilding began.

Q2. Who are the main partner countries in this Peru Lead Ore Export 2025 Q1?

China Mainland dominates with 69% of export value, followed by South Korea and Japan as secondary markets with steady demand for manufacturing and minor grade preferences.

Q3. Why does the unit price differ across Peru Lead Ore Export 2025 Q1 partner countries?

Prices are uniform (2.21 USD/kg) as Peru exports only raw bulk lead ore under sub-code 2607000000, with slight variations in Japan likely reflecting minor quality preferences.

Q4. What should exporters in Peru focus on in the current Lead Ore export market?

Exporters must secure relationships with high-value, high-frequency buyers (89.7% of trade) while diversifying to secondary markets like South Korea to mitigate tariff risks and dependency on China.

Q5. What does this Peru Lead Ore export pattern mean for buyers in partner countries?

Buyers in China benefit from stable bulk supply, while South Korea and Japan face moderate reliance on Peru, with Japan potentially paying slight premiums for higher-grade ore.

Q6. How is Lead Ore typically used in this trade flow?

Lead ore is traded as a raw, undifferentiated commodity primarily for industrial smelting and manufacturing, with no value-add processing in Peru’s export structure.

Detailed Monthly Report

Peru HS2607 Export Snapshot 2025 JAN

Peru HS2607 Export Snapshot 2025 FEB

Peru HS2607 Export Snapshot 2025 MAR