Asia-Pacific: Market for Tin Ores And Concentrates 2024

Market Size for Tin Ores And Concentrates in Asia-Pacific

In 2022, the Asia-Pacific tin ores and concentrates market increased by 31% to $X, rising for the second year in a row after four years of decline. Over the period under review, consumption continues to indicate strong growth. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the near future.

Production of Tin Ores And Concentrates in Asia-Pacific

In value terms, tin ores and concentrates production reached $X in 2022 estimated in export price. Over the period under review, production, however, saw strong growth. The pace of growth was the most pronounced in 2021 with an increase of 58%. Over the period under review, production reached the peak level in 2022 and is expected to retain growth in years to come.

Exports of Tin Ores And Concentrates

Exports in Asia-Pacific

After three years of growth, shipments abroad of tin ores and concentrateses decreased by -7.6% to X tons in 2022. Total exports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +23.3% against 2018 indices. The pace of growth appeared the most rapid in 2014 with an increase of 59% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, tin ores and concentrates exports contracted modestly to $X in 2022. Over the period under review, exports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 84%. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

Australia prevails in exports structure, resulting at X tons, which was near 75% of total exports in 2022. It was distantly followed by Lao People's Democratic Republic (X tons) and Vietnam (X tons), together achieving a 17% share of total exports. Indonesia (X tons) followed a long way behind the leaders.

Exports from Australia increased at an average annual rate of +3.3% from 2012 to 2022. At the same time, Vietnam (+48.6%), Lao People's Democratic Republic (+7.8%) and Indonesia (+2.7%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +48.6% from 2012-2022. From 2012 to 2022, the share of Vietnam and Lao People's Democratic Republic increased by +6.9 and +3.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest tin ores and concentrates supplier in Asia-Pacific, comprising 80% of total exports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with a 7.9% share of total exports. It was followed by Vietnam, with a 6.2% share.

In Australia, tin ores and concentrates exports increased at an average annual rate of +8.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+16.3% per year) and Vietnam (+75.5% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, growing by 7.5% against the previous year. Export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tin ores and concentrates export price increased by +57.1% against 2018 indices. The pace of growth appeared the most rapid in 2021 an increase of 53%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

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 Australia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+18.1%), while the other leaders experienced more modest paces of growth.

Imports of Tin Ores And Concentrates

Imports in Asia-Pacific

In 2022, purchases abroad of tin ores and concentrateses increased by 22% to X tons, rising for the second consecutive year after four years of decline. In general, imports showed a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 97% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, tin ores and concentrates imports soared to $X in 2022. Overall, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 147%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

China dominates imports structure, reaching X tons, which was approx. 89% of total imports in 2022. It was distantly followed by Thailand (X tons) and Malaysia (X tons), together constituting an 11% share of total imports.

Imports into China increased at an average annual rate of +21.8% from 2012 to 2022. At the same time, Thailand (+25.6%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +25.6% from 2012-2022. By contrast, Malaysia (-6.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Thailand increased by +34 and +3.1 percentage points, respectively.

In value terms, China ($X) constitutes the largest market for imported tin ores and concentrateses in Asia-Pacific, comprising 79% of total imports. The second position in the ranking was held by Thailand ($X), with a 12% share of total imports.

In China, tin ores and concentrates imports expanded at an average annual rate of +27.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (+37.5% per year) and Malaysia (-4.5% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, increasing by 6.5% against the previous year. In general, the import price showed a slight increase. The pace of growth appeared the most rapid in 2021 when the import price increased by 97% against the previous year. The level of import peaked in 2022 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 Thailand ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+9.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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