India: Market for Tin Ores And Concentrates 2024

Market Size for Tin Ores And Concentrates in India

The Indian tin ores and concentrates market stood at $X in 2022, flattening at the previous year. In general, consumption, however, continues to indicate notable growth. Tin ores and concentrates consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Tin Ores And Concentrates in India

In value terms, tin ores and concentrates production stood at $X in 2022 estimated in export price. In general, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.4% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 32%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Tin Ores And Concentrates

Exports from India

In 2022, after two years of growth, there was significant decline in overseas shipments of tin ores and concentrateses, when their volume decreased by -7% to X tons. In general, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 461% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, tin ores and concentrates exports declined to $X in 2022. Over the period under review, exports recorded a abrupt decline. The growth pace was the most rapid in 2015 with an increase of 226% against the previous year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X tons) was the main destination for tin ores and concentrates exports from India, with a 94% share of total exports. It was followed by Nepal (X kg), with a 1.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia amounted to -14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (+19.9% per year) and Germany (0.0% per year).

In value terms, Indonesia ($X) emerged as the key foreign market for tin ores and concentrateses exports from India, comprising 99% of total exports. The second position in the ranking was held by Germany ($X), with a 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Indonesia amounted to -12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (0.0% per year) and Nepal (-39.9% per year).

Export Prices by Country

In 2022, the average tin ores and concentrates export price amounted to $X per ton, falling by -8.4% against the previous year. Over the period under review, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.2% 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 +102.2% against 2019 indices. The growth pace was the most rapid in 2014 when the average export price increased by 76% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Nepal ($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 Saudi Arabia (+6.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tin Ores And Concentrates

Imports into India

In 2022, overseas purchases of tin ores and concentrateses decreased by -71.5% to X kg, falling for the sixth year in a row after two years of growth. Over the period under review, imports showed a dramatic descent. The most prominent rate of growth was recorded in 2016 when imports increased by 70%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, tin ores and concentrates imports surged to $X in 2022. Overall, imports saw a sharp slump. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, South Korea (X kg) constituted the largest tin ores and concentrates supplier to India, accounting for a 45% share of total imports. Moreover, tin ores and concentrates imports from South Korea exceeded the figures recorded by the second-largest supplier, Uganda (X kg), twofold. Cameroon (X kg) ranked third in terms of total imports with a 21% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea amounted to +146.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Uganda (-9.0% per year) and Cameroon (0.0% per year).

In value terms, South Korea ($X) constituted the largest supplier of tin ores and concentrateses to India, comprising 82% of total imports. The second position in the ranking was held by the United States ($X), with a 12% share of total imports. It was followed by Cameroon, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value from South Korea totaled +145.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-35.2% per year) and Cameroon (0.0% per year).

Import Prices by Country

In 2022, the average tin ores and concentrates import price amounted to $X per ton, increasing by 1,327% against the previous year. Over the period under review, the import price recorded buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+58.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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