Ireland: Tin Bar Market 2024

Tin Bar Market Size in Ireland

The Irish tin bar market dropped rapidly to $X in 2022, which is down by -50.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a abrupt setback. Tin bar consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Tin Bar Exports

Exports from Ireland

In 2022, shipments abroad of tin bars, rods, profiles and wires decreased by 0% to X tons, falling for the third consecutive year after four years of growth. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 6,092% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, tin bar exports amounted to $X in 2022. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 5,850% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X kg) was the main destination for tin bar exports from Ireland, with a 68% share of total exports. Moreover, tin bar exports to the UK exceeded the volume sent to the second major destination, the United States (X kg), fourfold. The third position in this ranking was held by Japan (X kg), with a 7.9% share.

From 2013 to 2022, the average annual rate of growth in terms of volume to the UK totaled +12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-23.0% per year) and Japan (0.0% per year).

It was followed by Japan, with a 6.3% share.

From 2013 to 2022, the average annual rate of growth in terms of value to the UK stood at +27.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (0.0% per year) and Japan (0.0% per year).

Export Prices by Country

In 2022, the average tin bar export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price continues to indicate a remarkable increase. The growth pace was the most rapid in 2014 an increase of 70%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+13.2%), while the prices for the other major destinations experienced a decline.

Tin Bar Imports

Imports into Ireland

In 2022, approx. X tons of tin bars, rods, profiles and wires were imported into Ireland; stabilizing at 2021 figures. Over the period under review, imports saw a deep contraction. The pace of growth was the most pronounced in 2015 when imports increased by 98% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, tin bar imports amounted to $X in 2022. Overall, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2019 when imports increased by 35%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the UK (X tons) constituted the largest tin bar supplier to Ireland, accounting for a 59% share of total imports. Moreover, tin bar imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by Japan (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from the UK totaled -14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.7% per year) and Japan (+99.3% per year).

In value terms, the UK ($X) constituted the largest supplier of tin bars, rods, profiles and wires to Ireland, comprising 58% of total imports. The second position in the ranking was taken by Japan ($X), with a 23% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK amounted to -8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+125.4% per year) and Germany (+5.0% per year).

Import Prices by Country

In 2022, the average tin bar import price amounted to $X per ton, flattening at the previous year. Overall, the import price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 an increase of 48%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

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 Japan (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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