Report Update Nov 1, 2024

Colombia - Tin - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Tin Market 2024

Tin Market Size in Colombia

In 2022, the Colombian tin market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, showed a deep setback. Tin consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Tin Exports

Exports from Colombia

After seven years of growth, overseas shipments of tin decreased by -41.2% to X tons in 2022. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 466% against the previous year. As a result, the exports reached the peak of X tons, and then contracted rapidly in the following year.

In value terms, tin exports dropped markedly to $X in 2022. Over the period under review, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 473%. As a result, the exports reached the peak of $X, and then contracted significantly in the following year.

Exports by Country

Spain (X tons) and Venezuela (X tons) were the main destinations of tin exports from Colombia.

From 2012 to 2022, the biggest increases were recorded for Venezuela (with a CAGR of +72.4%).

In value terms, the largest markets for tin exported from Colombia were Venezuela ($X) and Spain ($X).

Venezuela, with a CAGR of +74.9%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average tin export price stood at $X per ton in 2022, stabilizing at the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2019 when the average export price increased by 61% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+1.5%).

Tin Imports

Imports into Colombia

In 2022, supplies from abroad of tin increased by 15% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, continue to indicate a perceptible contraction. The pace of growth was the most pronounced in 2017 with an increase of 16% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, tin imports contracted to $X in 2022. Over the period under review, imports, however, showed a noticeable decline. The pace of growth appeared the most rapid in 2021 with an increase of 35% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Peru (X tons), Brazil (X tons) and Bolivia (X tons) were the main suppliers of tin imports to Colombia, together accounting for 98% of total imports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of -1.3%), while purchases for the other leaders experienced a decline.

In value terms, the largest tin suppliers to Colombia were Peru ($X), Brazil ($X) and Bolivia ($X), with a combined 99% share of total imports.

Among the main suppliers, Peru, with a CAGR of -1.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average tin import price stood at $X per ton in 2022, dropping by -24% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 74% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped significantly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tin in the world?

The country with the largest volume of tin consumption was China, accounting for 45% of total volume. Moreover, tin consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fivefold. Japan ranked third in terms of total consumption with a 7% share.

What are the largest producers of tin in the world?

China remains the largest tin producing country worldwide, comprising approx. 46% of total volume. Moreover, tin production in China exceeded the figures recorded by the second-largest producer, Indonesia, twofold. The third position in this ranking was occupied by Peru, with a 7.1% share.

What are the leading suppliers of tin to Colombia?

In value terms, Peru, Brazil and Bolivia constituted the largest tin suppliers to Colombia, together accounting for 96% of total imports. Spain lagged somewhat behind, accounting for a further 3.2%.

What are the leading importers of tin from Colombia?

In value terms, the largest markets for tin exported from Colombia were Venezuela and Chile.

What is the average export price for tin in Colombia?

In 2021, the average tin export price amounted to $59,609 per ton, declining by -11% against the previous year.

What is the average import price for tin in Colombia?

In 2021, the average tin import price amounted to $18,856 per ton, growing by 5% against the previous year.

This report provides an in-depth analysis of the tin market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24431330 - Unwrought non-alloy tin (excluding tin powders and flakes)

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023