Germany: Tin Bar Market 2024

Tin Bar Market Size in Germany

In 2022, the German tin bar market increased by 16% to $X, rising for the second consecutive year after three years of decline. Overall, consumption, however, enjoyed a resilient expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Tin Bar Production in Germany

In value terms, tin bar production soared to $X in 2022 estimated in export price. Over the period under review, production, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of 79% against the previous year. Over the period under review, production hit record highs in 2022 and is expected to retain growth in years to come.

Tin Bar Exports

Exports from Germany

In 2022, the amount of tin bars, rods, profiles and wires exported from Germany contracted to X tons, which is down by -11% against 2021 figures. Overall, exports showed a pronounced setback. The pace of growth appeared the most rapid in 2021 with an increase of 17% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, tin bar exports totaled $X in 2022. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 71%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons), Italy (X tons) and Romania (X tons) were the main destinations of tin bar exports from Germany, together accounting for 31% of total exports. Austria, the Czech Republic, Hungary, Switzerland, Turkey, China, North Macedonia, Slovenia, Slovakia and Portugal lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by North Macedonia (with a CAGR of +16.4%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Italy ($X) and Romania ($X) constituted the largest markets for tin bar exported from Germany worldwide, with a combined 30% share of total exports. Austria, the Czech Republic, Hungary, Turkey, Switzerland, China, North Macedonia, Slovakia, Slovenia and Portugal lagged somewhat behind, together accounting for a further 44%.

North Macedonia, with a CAGR of +16.1%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average tin bar export price amounted to $X per ton, surging by 18% against the previous year. In general, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tin bar export price increased by +72.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 47%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Tin Bar Imports

Imports into Germany

Tin bar imports into Germany reduced markedly to X tons in 2022, dropping by -20.3% compared with the year before. Overall, imports showed a abrupt contraction. The growth pace was the most rapid in 2021 when imports increased by 74%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, tin bar imports dropped to $X in 2022. Over the period under review, imports recorded a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 172%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Portugal (X tons), the Netherlands (X tons) and the Czech Republic (X tons) were the main suppliers of tin bar imports to Germany, with a combined 73% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +96.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), the Netherlands ($X) and the Czech Republic ($X) constituted the largest tin bar suppliers to Germany, together accounting for 70% of total imports.

Among the main suppliers, Portugal, with a CAGR of +91.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average tin bar import price stood at $X per ton in 2022, growing by 12% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tin bar import price increased by +54.2% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 56% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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