Eastern Asia: Market for Tin Ores And Concentrates 2024

Market Size for Tin Ores And Concentrates in Eastern Asia

In 2022, the East Asian tin ores and concentrates market increased by 17% to $X, rising for the third year in a row after three years of decline. Overall, consumption showed a significant increase. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Tin Ores And Concentrates in Eastern Asia

In value terms, tin ores and concentrates production shrank to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 39%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Tin Ores And Concentrates

Exports in Eastern Asia

Tin ores and concentrates exports reduced to X tons in 2022, with a decrease of -13.8% against the previous year. In general, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 314%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, tin ores and concentrates exports dropped sharply to $X in 2022. Over the period under review, exports, however, posted resilient growth. The pace of growth was the most pronounced in 2013 with an increase of 473% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, China (X tons), Hong Kong SAR (X tons) and South Korea (X tons) was the major exporter of tin ores and concentrateses in Eastern Asia, constituting 95% of total export. It was distantly followed by Taiwan (Chinese) (X tons), making up a 5.4% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by South Korea (with a CAGR of +51.4%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest tin ores and concentrates supplying countries in Eastern Asia were China ($X), Hong Kong SAR ($X) and South Korea ($X), with a combined 98% share of total exports.

In terms of the main exporting countries, Hong Kong SAR, with a CAGR of +51.5%, 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

The export price in Eastern Asia stood at $X per ton in 2022, which is down by -12.7% against the previous year. Export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tin ores and concentrates export price increased by +50.3% against 2019 indices. The pace of growth was the most pronounced in 2013 an increase of 38% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+20.3%), while the other leaders experienced mixed trends in the export price figures.

Imports of Tin Ores And Concentrates

Imports in Eastern Asia

In 2022, overseas purchases of tin ores and concentrateses increased by 34% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, imports posted a significant increase. The growth pace was the most rapid in 2013 when imports increased by 171%. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, tin ores and concentrates imports surged to $X in 2022. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 139% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

China (X tons) represented roughly 100% of total imports in 2022.

China was also the fastest-growing in terms of the tin ores and concentrateses imports, with a CAGR of +21.8% from 2012 to 2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported tin ores and concentrateses in Eastern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +27.8%.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, rising by 14% against the previous year. Overall, the import price saw a noticeable increase. The growth pace was the most rapid in 2021 when the import price increased by 100% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is likely to continue growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +4.9% per year.

Source: IndexBox Platform

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