Brazil: Market for Tin Ores And Concentrates 2024

Market Size for Tin Ores And Concentrates in Brazil

The Brazilian tin ores and concentrates market fell sharply to $X in 2022, with a decrease of -78.5% against the previous year. Overall, consumption showed a deep slump. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Tin Ores And Concentrates in Brazil

In value terms, tin ores and concentrates production contracted to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 2.3%. Tin ores and concentrates production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Tin Ores And Concentrates

Exports from Brazil

In 2022, overseas shipments of tin ores and concentrateses increased by 114% to X tons, rising for the second year in a row after three years of decline. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 248% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, tin ores and concentrates exports surged to $X in 2022. Over the period under review, exports showed a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for tin ores and concentrates exports from Brazil, with a 63% share of total exports. Moreover, tin ores and concentrates exports to China exceeded the volume sent to the second major destination, Malaysia (X tons), twofold. The United States (X tons) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled +28.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+19.7% per year) and the United States (+60.0% per year).

In value terms, Malaysia ($X) remains the key foreign market for tin ores and concentrateses exports from Brazil, comprising 48% of total exports. The second position in the ranking was taken by the United States ($X), with a 23% share of total exports. It was followed by China, with an 18% share.

From 2012 to 2022, the average annual growth rate of value to Malaysia amounted to +16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+222.9% per year) and China (+13.2% per year).

Export Prices by Country

In 2022, the average tin ores and concentrates export price amounted to $X per ton, increasing by 230% against the previous year. Overall, the export price, however, recorded a noticeable shrinkage. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($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 the United States (+101.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tin Ores And Concentrates

Imports into Brazil

In 2022, after two years of growth, there was significant decline in supplies from abroad of tin ores and concentrateses, when their volume decreased by -84.7% to X tons. Overall, imports, however, recorded a prominent increase. The growth pace was the most rapid in 2016 when imports increased by 31,150%. Imports peaked at X tons in 2021, and then dropped notably in the following year.

In value terms, tin ores and concentrates imports dropped sharply to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 33,817%. Over the period under review, imports hit record highs at $X in 2021, and then declined markedly in the following year.

Imports by Country

In 2022, France (X tons) constituted the largest tin ores and concentrates supplier to Brazil, with a 88% share of total imports. Moreover, tin ores and concentrates imports from France exceeded the figures recorded by the second-largest supplier, Venezuela (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from France amounted to +5.5%.

In value terms, France ($X) constituted the largest supplier of tin ores and concentrateses to Brazil, comprising 95% of total imports. The second position in the ranking was held by Venezuela ($X), with a 4.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from France was relatively modest.

Import Prices by Country

In 2022, the average tin ores and concentrates import price amounted to $X per ton, which is down by -8.9% against the previous year. Over the period under review, the import price continues to indicate a perceptible setback. The pace of growth was the most pronounced in 2021 when the average import price increased by 75%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Venezuela stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (+74.5%).

Source: IndexBox Platform

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