Germany: Tin Market 2024

Tin Market Size in Germany

In 2022, the German tin market increased by 8.4% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the near future.

Tin Exports

Exports from Germany

In 2022, shipments abroad of tin increased by 18% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 34%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, tin exports skyrocketed to $X in 2022. Overall, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 90% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

Belgium (X tons), France (X tons) and Austria (X tons) were the main destinations of tin exports from Germany, with a combined 44% share of total exports. Kazakhstan, Italy, the Czech Republic, Poland, Hungary, Estonia, Switzerland, China, Finland and Romania lagged somewhat behind, together comprising a further 49%.

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of +461.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), France ($X) and Austria ($X) constituted the largest markets for tin exported from Germany worldwide, with a combined 45% share of total exports. Italy, Kazakhstan, the Czech Republic, Poland, Hungary, Switzerland, China, Finland, Romania and Estonia lagged somewhat behind, together comprising a further 48%.

Among the main countries of destination, Kazakhstan, with a CAGR of +482.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average tin export price stood at $X per ton in 2022, growing by 5.3% against the previous year. In general, export price indicated a measured 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 export price increased by +88.3% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 79%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Estonia ($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 Austria (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Tin Imports

Imports into Germany

In 2022, purchases abroad of tin increased by 3.5% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 8.1%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, tin imports stood at $X in 2022. Overall, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +117.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 94% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Belgium (X tons), Indonesia (X tons) and Brazil (X tons) were the main suppliers of tin imports to Germany, together comprising 59% of total imports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +59.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tin suppliers to Germany were Belgium ($X), Indonesia ($X) and Brazil ($X), with a combined 57% share of total imports.

Among the main suppliers, Brazil, with a CAGR of +68.0%, 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

In 2022, the average tin import price amounted to $X per ton, rising by 8.7% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% 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 +95.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 80%. 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 Thailand ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bolivia (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :