EU: Market for Tin Ores And Concentrates 2024

Market Size for Tin Ores And Concentrates in the EU

In 2022, the EU tin ores and concentrates market increased by 323% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption recorded a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Tin Ores And Concentrates in the EU

In value terms, tin ores and concentrates production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, recorded prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 87%. The level of production peaked in 2022 and is expected to retain growth in years to come.

Exports of Tin Ores And Concentrates

Exports in the EU

After two years of growth, shipments abroad of tin ores and concentrateses decreased by -28.2% to X tons in 2022. Over the period under review, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 317%. The volume of export peaked at X tons in 2021, and then dropped significantly in the following year.

In value terms, tin ores and concentrates exports rose to $X in 2022. In general, exports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 138%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Spain was the main exporting country with an export of around X tons, which resulted at 66% of total exports. France (X tons) held an 18% share (based on physical terms) of total exports, which put it in second place, followed by Portugal (14%).

Spain was also the fastest-growing in terms of the tin ores and concentrateses exports, with a CAGR of +30.8% from 2012 to 2022. At the same time, Portugal (+8.0%) and France (+5.6%) displayed positive paces of growth. From 2012 to 2022, the share of Spain and Portugal increased by +56 and +14 percentage points, respectively.

In value terms, Spain ($X) remains the largest tin ores and concentrates supplier in the European Union, comprising 66% of total exports. The second position in the ranking was taken by France ($X), with a 17% share of total exports.

In Spain, tin ores and concentrates exports increased at an average annual rate of +32.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: France (+3.8% per year) and Portugal (+11.2% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, surging by 45% against the previous year. In general, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2018 an increase of 86% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Portugal ($X per ton), while France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+2.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Tin Ores And Concentrates

Imports in the EU

In 2022, overseas purchases of tin ores and concentrateses were finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, tin ores and concentrates imports soared to $X in 2022. Overall, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium dominates imports structure, accounting for X tons, which was approx. 84% of total imports in 2022. It was distantly followed by Poland (X tons), generating a 9.3% share of total imports. Spain (X tons) and France (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to tin ores and concentrates imports into Belgium stood at +23.5%. At the same time, Spain (+84.9%), Poland (+35.7%) and France (+6.4%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the European Union, with a CAGR of +84.9% from 2012-2022. Poland (+9.3 p.p.) and Spain (+3.7 p.p.) significantly strengthened its position in terms of the total imports, while Belgium and France saw its share reduced by -3.6% and -7.4% from 2012 to 2022, respectively.

In value terms, Belgium ($X) constitutes the largest market for imported tin ores and concentrateses in the European Union, comprising 55% of total imports. The second position in the ranking was held by Poland ($X), with a 17% share of total imports. It was followed by France, with a 15% share.

In Belgium, tin ores and concentrates imports increased at an average annual rate of +27.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Poland (+36.2% per year) and France (+9.6% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, shrinking by -41.9% against the previous year. Overall, the import price saw a mild reduction. The growth pace was the most rapid in 2021 an increase of 161% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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