Denmark: Tin Market 2024

Tin Market Size in Denmark

In 2022, after two years of growth, there was significant decline in the Danish tin market, when its value decreased by -99.4% to $X. Overall, consumption showed a precipitous slump. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Tin Production in Denmark

In value terms, tin production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 5.1%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Tin Exports

Exports from Denmark

In 2022, tin exports from Denmark dropped rapidly to X tons, shrinking by -19.6% on the year before. In general, total exports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +3.7% 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 +14.4% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 93% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, tin exports shrank to $X in 2022. Overall, exports, however, recorded a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 140% against the previous year. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

Sweden (X tons), Finland (X tons) and Germany (X tons) were the main destinations of tin exports from Denmark, with a combined 96% share of total exports. These countries were followed by Poland, which accounted for a further 3.2%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +52.2%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Finland ($X) and Germany ($X) were the largest markets for tin exported from Denmark worldwide, together accounting for 95% of total exports. Poland lagged somewhat behind, accounting for a further 4.1%.

Among the main countries of destination, Poland, with a CAGR of +72.2%, 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, with an increase of 15% against the previous year. In general, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.6% 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 +93.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 69%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Poland ($X per ton) and Sweden ($X per ton), while the average price for exports to Germany ($X per ton) and Finland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Tin Imports

Imports into Denmark

In 2022, approx. X tons of tin were imported into Denmark; shrinking by -34.2% on the previous year. Overall, total imports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 95% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then dropped remarkably in the following year.

In value terms, tin imports reduced rapidly to $X in 2022. Over the period under review, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 157% against the previous year. As a result, imports reached the peak of $X, and then dropped sharply in the following year.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of tin to Denmark, with a 69% share of total imports. Moreover, tin imports from Poland exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+44.9% per year) and Germany (+0.1% per year).

In value terms, Poland ($X) constituted the largest supplier of tin to Denmark, comprising 72% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland totaled +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+53.6% per year) and Germany (+0.9% per year).

Import Prices by Country

The average tin import price stood at $X per ton in 2022, picking up by 14% against the previous year. Overall, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tin import price increased by +98.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 73% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

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 Poland ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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