Austria: Tin Market 2024

Tin Market Size in Austria

In 2022, the Austrian tin market increased by 13% to $X, rising for the second year in a row after three years of decline. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% 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 +109.8% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Tin Exports

Exports from Austria

Tin exports from Austria skyrocketed to X tons in 2022, picking up by 106% on 2021 figures. Over the period under review, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 161% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, tin exports surged to $X in 2022. In general, exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 173% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Bosnia and Herzegovina (X tons) was the main destination for tin exports from Austria, with a 57% share of total exports. Moreover, tin exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Hungary (X tons), twofold. Germany (X tons) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bosnia and Herzegovina was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+54.7% per year) and Germany (-11.7% per year).

In value terms, the largest markets for tin exported from Austria were Bosnia and Herzegovina ($X), Hungary ($X) and Germany ($X), together accounting for 92% of total exports.

Among the main countries of destination, Hungary, with a CAGR of +57.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average tin export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tin export price increased by +60.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 62% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malta (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

Tin Imports

Imports into Austria

In 2022, purchases abroad of tin increased by 39% to X tons, rising for the second year in a row after three years of decline. In general, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, tin imports reached $X in 2022. Overall, imports saw a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 116% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The Netherlands (X tons), Indonesia (X tons) and Belgium (X tons) were the main suppliers of tin imports to Austria, together comprising 67% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +385.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constituted the largest supplier of tin to Austria, comprising 36% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 12% share of total imports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia amounted to +24.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-2.0% per year) and the Netherlands (+330.0% per year).

Import Prices by Country

In 2022, the average tin import price amounted to $X per ton, shrinking by -24.7% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 60%. As a result, import price attained the peak level of $X per ton, and then contracted notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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