Italy: Tin Bar Market 2024

Tin Bar Market Size in Italy

In 2022, the Italian tin bar market increased by 100% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption enjoyed a slight increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Tin Bar Production in Italy

In value terms, tin bar production soared to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 280%. Tin bar production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Tin Bar Exports

Exports from Italy

In 2022, approx. X tons of tin bars, rods, profiles and wires were exported from Italy; picking up by 9.1% compared with 2021. In general, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2013 when exports increased by 29%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, tin bar exports skyrocketed to $X in 2022. Overall, exports, however, faced a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 45%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Poland (X tons), Romania (X tons) and Tunisia (X tons) were the main destinations of tin bar exports from Italy, together accounting for 56% of total exports. Slovenia, Morocco, Croatia, Albania, Switzerland, Spain, Saudi Arabia, Germany, France and Austria lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +187.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tin bar exported from Italy were Poland ($X), Romania ($X) and Tunisia ($X), with a combined 58% share of total exports. Slovenia, Croatia, Switzerland, France, Albania, Spain, Saudi Arabia, Germany, Morocco and Austria lagged somewhat behind, together accounting for a further 35%.

Saudi Arabia, with a CAGR of +176.5%, saw the highest rates of growth with regard to the value of exports, in terms of 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, increasing by 12% against the previous year. Over the period under review, export price indicated a perceptible increase 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 export price increased by +82.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of 32%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Morocco ($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 France (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Tin Bar Imports

Imports into Italy

In 2022, tin bar imports into Italy surged to X tons, rising by 63% compared with 2021. In general, imports, however, showed a pronounced downturn. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, tin bar imports surged to $X in 2022. Over the period under review, imports, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of 84%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), Spain (X tons) and Hungary (X tons) were the main suppliers of tin bar imports to Italy, with a combined 94% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +52.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of tin bars, rods, profiles and wires to Italy, comprising 59% of total imports. The second position in the ranking was held by Spain ($X), with a 20% share of total imports. It was followed by Hungary, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+16.7% per year) and Hungary (+55.6% per year).

Import Prices by Country

The average tin bar import price stood at $X per ton in 2022, falling by -18.9% against the previous year. In general, the import price recorded a pronounced decline. The growth pace was the most rapid in 2017 when the average import price increased by 49% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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