Australia and Oceania: Tin Bar Market 2024

Tin Bar Market Size in Australia and Oceania

The tin bar market in Australia and Oceania rose rapidly to $X in 2022, increasing by 11% against the previous year. In general, consumption, however, showed a pronounced shrinkage. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Tin Bar Production in Australia and Oceania

In value terms, tin bar production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a perceptible shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 46%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Tin Bar Exports

Exports in Australia and Oceania

In 2022, approx. X tons of tin bars, rods, profiles and wires were exported in Australia and Oceania; rising by 31% against the previous year's figure. In general, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 103%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, tin bar exports skyrocketed to $X in 2022. Over the period under review, exports recorded a slight expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 149%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Australia dominates exports structure, resulting at X tons, which was approx. 98% of total exports in 2022. New Zealand (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to tin bar exports from Australia stood at -5.8%. At the same time, New Zealand (+27.8%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +27.8% from 2012-2022. From 2012 to 2022, the share of New Zealand increased by +1.7 percentage points.

In value terms, Australia ($X) remains the largest tin bar supplier in Australia and Oceania, comprising 99% of total exports. The second position in the ranking was held by New Zealand ($X), with a 0.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia totaled +1.9%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, picking up by 12% against the previous year. Overall, the export price continues to indicate strong growth. The pace of growth appeared the most rapid in 2021 an increase of 130% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+8.2%).

Tin Bar Imports

Imports in Australia and Oceania

In 2022, purchases abroad of tin bars, rods, profiles and wires was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 112%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, tin bar imports surged to $X in 2022. Overall, imports posted a remarkable increase. The growth pace was the most rapid in 2015 with an increase of 75% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Australia represented the major importer of tin bars, rods, profiles and wires in Australia and Oceania, with the volume of imports resulting at X tons, which was near 85% of total imports in 2022. It was distantly followed by New Zealand (X tons), comprising an 11% share of total imports. Micronesia (X tons) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the tin bars, rods, profiles and wires imports, with a CAGR of +17.6% from 2012 to 2022. At the same time, Micronesia (+1.0%) displayed positive paces of growth. By contrast, New Zealand (-6.9%) illustrated a downward trend over the same period. Australia (+46 p.p.) significantly strengthened its position in terms of the total imports, while Micronesia and New Zealand saw its share reduced by -2.1% and -41.7% from 2012 to 2022, respectively.

In value terms, Australia ($X) constitutes the largest market for imported tin bars, rods, profiles and wires in Australia and Oceania, comprising 84% of total imports. The second position in the ranking was held by New Zealand ($X), with an 8.9% share of total imports.

In Australia, tin bar imports increased at an average annual rate of +21.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (-4.0% per year) and Micronesia (+16.8% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, surging by 6.2% against the previous year. Import price indicated tangible growth 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 bar import price increased by +65.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of 27%. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Micronesia ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Micronesia (+15.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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