Eastern Europe: Tin Market 2024

Tin Market Size in Eastern Europe

In 2022, the East European tin market increased by 8.5% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Tin Production in Eastern Europe

In value terms, tin production fell to $X in 2022 estimated in export price. The total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.3% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 49%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Tin Exports

Exports in Eastern Europe

In 2022, shipments abroad of tin decreased by -16% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, exports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of 189% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then dropped rapidly in the following year.

In value terms, tin exports reduced to $X in 2022. Overall, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by 146% against the previous year. The level of export peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Poland prevails in exports structure, reaching X tons, which was approx. 88% of total exports in 2022. It was distantly followed by Russia (X tons), comprising an 8.7% share of total exports.

Poland was also the fastest-growing in terms of the tin exports, with a CAGR of +23.9% from 2012 to 2022. At the same time, Russia (+7.5%) displayed positive paces of growth. From 2012 to 2022, the share of Poland increased by +66 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest tin supplier in Eastern Europe, comprising 91% of total exports. The second position in the ranking was taken by Russia ($X), with a 6.2% share of total exports.

In Poland, tin exports expanded at an average annual rate of +30.5% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, rising by 9.5% against the previous year. Export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.5% 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 +62.2% against 2018 indices. The growth pace was the most rapid in 2021 an increase of 63% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while Russia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+5.3%).

Tin Imports

Imports in Eastern Europe

In 2022, approx. X tons of tin were imported in Eastern Europe; dropping by -15.1% against 2021. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 43% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, tin imports rose significantly to $X in 2022. In general, imports, however, showed prominent growth. The growth pace was the most rapid in 2021 with an increase of 79%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

The purchases of the three major importers of tin, namely Slovakia, Hungary and Poland, represented more than two-thirds of total import. Russia (X tons) held the next position in the ranking, followed by Romania (X tons) and the Czech Republic (X tons). All these countries together held approx. 21% share of total imports. Bulgaria (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Romania (with a CAGR of +31.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tin importing markets in Eastern Europe were Slovakia ($X), Hungary ($X) and Poland ($X), together accounting for 74% of total imports. Russia, Romania, the Czech Republic and Bulgaria lagged somewhat behind, together accounting for a further 21%.

Romania, with a CAGR of +40.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, growing by 26% against the previous year. Import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.5% 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 +87.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 50%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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