Europe: Market for Tin Ores And Concentrates 2024

Market Size for Tin Ores And Concentrates in Europe

In 2022, the Europe tin ores and concentrates market increased by 65% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Tin Ores And Concentrates in Europe

In value terms, tin ores and concentrates production fell modestly to $X in 2022 estimated in export price. The total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.7% 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 +53.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 55% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Tin Ores And Concentrates

Exports in Europe

In 2022, the amount of tin ores and concentrateses exported in Europe dropped modestly to X tons, with a decrease of -3.9% on 2021 figures. Over the period under review, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 166% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, tin ores and concentrates exports dropped modestly to $X in 2022. Overall, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2017 with an increase of 123%. The level of export peaked at $X in 2021, and then declined slightly in the following year.

Exports by Country

In 2022, Russia (X tons) was the major exporter of tin ores and concentrateses, achieving 71% of total exports. Spain (X tons) ranks second in terms of the total exports with a 19% share, followed by France (5.3%). Portugal (X tons) held a minor share of total exports.

Russia was also the fastest-growing in terms of the tin ores and concentrateses exports, with a CAGR of +58.8% from 2012 to 2022. At the same time, Spain (+30.8%), Portugal (+8.0%) and France (+5.6%) displayed positive paces of growth. From 2012 to 2022, the share of Russia, Spain and Portugal increased by +71, +12 and +4.1 percentage points, respectively.

In value terms, Russia ($X), Spain ($X) and France ($X) were the countries with the highest levels of exports in 2022, together comprising 92% of total exports.

Russia, with a CAGR of +65.9%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 Europe amounted to $X per ton, flattening at the previous year. Export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% 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 +53.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by 54% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat 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 Portugal ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+4.4%), while the other leaders experienced more modest paces of growth.

Imports of Tin Ores And Concentrates

Imports in Europe

After four years of decline, purchases abroad of tin ores and concentrateses increased by 256% to X tons in 2022. Overall, imports saw a resilient increase. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, tin ores and concentrates imports soared to $X in 2022. In general, imports recorded measured growth. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Belgium was the major importing country with an import of around X tons, which recorded 70% of total imports. Switzerland (X tons) ranks second in terms of the total imports with a 16% share, followed by Poland (7.8%). Spain (X tons) and France (X tons) took a relatively small share of total imports.

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%), France (+6.4%) and Switzerland (+4.5%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in Europe, with a CAGR of +84.9% from 2012-2022. Belgium (+55 p.p.), Poland (+7.8 p.p.) and Spain (+3.1 p.p.) significantly strengthened its position in terms of the total imports, while Switzerland saw its share reduced by -3.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X), Switzerland ($X) and Poland ($X) constituted the countries with the highest levels of imports in 2022, with a combined 81% share of total imports. France and Spain lagged somewhat behind, together comprising a further 15%.

Spain, with a CAGR of +81.5%, recorded the highest rates of growth with regard to the value of imports, among 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 Europe stood at $X per ton in 2022, with a decrease of -42.5% against the previous year. In general, the import price recorded a pronounced downturn. The pace of growth was the most pronounced in 2021 an increase of 35%. As a result, import price attained the peak level of $X per ton, and then shrank rapidly in the following year.

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 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