EU: Tin Market 2024

Tin Market Size in the EU

In 2022, the EU tin market increased by 22% 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 +3.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2022 and is likely to see gradual growth in years to come.

Tin Production in the EU

In value terms, tin production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 24%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Tin Exports

Exports in the EU

In 2022, overseas shipments of tin decreased by -31.1% to X tons for the first time since 2019, thus ending a two-year rising trend. Total exports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 73%. The volume of export peaked at X tons in 2021, and then dropped dramatically in the following year.

In value terms, tin exports reduced sharply to $X in 2022. Overall, exports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2021 when exports increased by 92% against the previous year. As a result, the exports attained the peak of $X, and then dropped dramatically in the following year.

Exports by Country

In 2022, Belgium (X tons) was the largest exporter of tin, making up 41% of total exports. The Netherlands (X tons) ranks second in terms of the total exports with a 25% share, followed by Poland (16%), Germany (5.3%) and Spain (4.6%). Portugal (X tons) and Italy (X tons) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +167.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Netherlands ($X) and Poland ($X) were the countries with the highest levels of exports in 2022, with a combined 82% share of total exports. Germany, Spain, Portugal and Italy lagged somewhat behind, together comprising a further 15%.

Portugal, with a CAGR of +195.1%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, growing by 17% against the previous year. Export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% 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 +97.9% against 2020 indices. The growth pace was the most rapid in 2021 when the export price increased by 70%. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Poland ($X per ton) and Germany ($X per ton), while Portugal ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+10.5%), while the other leaders experienced more modest paces of growth.

Tin Imports

Imports in the EU

After two years of growth, overseas purchases of tin decreased by -9.2% to X tons in 2022. The total import volume increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 14%. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, tin imports stood at $X in 2022. Over the period under review, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 95%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Germany (X tons), distantly followed by the Netherlands (X tons), Spain (X tons), Italy (X tons), Austria (X tons), France (X tons) and Belgium (X tons) represented the main importers of tin, together making up 87% of total imports. Slovakia (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Belgium (with a CAGR of +7.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported tin in the European Union, comprising 31% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 16% share of total imports. It was followed by Spain, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany totaled +4.1%. In the other countries, the average annual rates were as follows: the Netherlands (+6.5% per year) and Spain (+6.7% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, surging by 10% against the previous year. Import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.2% 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 +88.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the import price increased by 71% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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