Africa: Market for Tin Ores And Concentrates 2024

Market Size for Tin Ores And Concentrates in Africa

The African tin ores and concentrates market amounted to $X in 2022, therefore, remained relatively stable against the previous year. The total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.0% 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 +16.8% against 2020 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in the immediate term.

Production of Tin Ores And Concentrates in Africa

In value terms, tin ores and concentrates production declined to $X in 2022 estimated in export price. The total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +36.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the production volume increased by 48% against the previous year. As a result, production attained the peak level of $X, and then fell in the following year.

Exports of Tin Ores And Concentrates

Exports in Africa

In 2022, after two years of growth, there was significant decline in shipments abroad of tin ores and concentrateses, when their volume decreased by -12.3% to X tons. In general, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2014 when exports increased by 204% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, tin ores and concentrates exports contracted markedly to $X in 2022. Overall, exports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 172%. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped significantly in the following year.

Exports by Country

Democratic Republic of the Congo (X tons) and Congo (X tons) represented the major exporters of tin ores and concentrateses in 2022, recording approx. 38% and 35% of total exports, respectively. Rwanda (X tons) held a 12% share (based on physical terms) of total exports, which put it in second place, followed by Kenya (5.8%) and Nigeria (4.7%). Tanzania (X tons) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Nigeria (with a CAGR of +24.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest tin ores and concentrates supplying countries in Africa were Democratic Republic of the Congo ($X), Congo ($X) and Rwanda ($X), together comprising 86% of total exports.

Democratic Republic of the Congo, with a CAGR of +27.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, declining by -9.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2021 an increase of 50% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+8.3%), while the other leaders experienced more modest paces of growth.

Imports of Tin Ores And Concentrates

Imports in Africa

In 2022, approx. X tons of tin ores and concentrateses were imported in Africa; waning by -71.3% on the previous year. In general, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 2,177% against the previous year. As a result, imports reached the peak of X tons, and then contracted notably in the following year.

In value terms, tin ores and concentrates imports surged to $X in 2022. Over the period under review, imports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by 1,082% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

Rwanda prevails in imports structure, recording X tons, which was near 86% of total imports in 2022. The following importers - Egypt (X tons), Zambia (X tons) and South Africa (X tons) - together made up 7.9% of total imports.

Rwanda was also the fastest-growing in terms of the tin ores and concentrateses imports, with a CAGR of +52.3% from 2012 to 2022. At the same time, Egypt (+3.5%) displayed positive paces of growth. By contrast, Zambia (-1.9%) and South Africa (-10.8%) illustrated a downward trend over the same period. While the share of Rwanda (+84 p.p.) and South Africa (+1.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Egypt (-1.5 p.p.) and Zambia (-3.1 p.p.) displayed negative dynamics.

In value terms, Rwanda ($X) constitutes the largest market for imported tin ores and concentrateses in Africa, comprising 93% of total imports. The second position in the ranking was taken by Zambia ($X), with a 1.5% share of total imports. It was followed by Egypt, with a 0.2% share.

From 2012 to 2022, the average annual growth rate of value in Rwanda totaled +76.3%. In the other countries, the average annual rates were as follows: Zambia (+3.7% per year) and Egypt (-15.2% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, jumping by 533% against the previous year. Over the period under review, the import price showed a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Rwanda ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Rwanda (+15.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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