Italy: Tin Market 2024

Tin Market Size in Italy

In 2022, the Italian tin market increased by 35% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption enjoyed strong growth. Tin consumption peaked in 2022 and is expected to retain growth in years to come.

Tin Production in Italy

In value terms, tin production totaled $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. Over the period under review, production reached the maximum level in 2022 and is likely to see steady growth in years to come.

Tin Exports

Exports from Italy

In 2022, approx. X tons of tin were exported from Italy; which is down by -38.5% against the previous year's figure. Over the period under review, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 142% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, tin exports fell rapidly to $X in 2022. In general, exports, however, showed a strong expansion. The pace of growth was the most pronounced in 2013 when exports increased by 119%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hungary (X tons), Slovakia (X tons) and Austria (X tons) were the main destinations of tin exports from Italy, together comprising 68% of total exports. Spain, Greece, Turkey, Germany, Poland and Belgium lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +175.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Slovakia ($X) and Spain ($X) constituted the largest markets for tin exported from Italy worldwide, with a combined 65% share of total exports. Austria, Greece, Turkey, Germany, Poland and Belgium lagged somewhat behind, together comprising a further 28%.

Turkey, with a CAGR of +264.4%, recorded 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 export price amounted to $X per ton, surging by 18% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.3% 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 +90.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 61%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Belgium ($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 Turkey (+32.2%), while the prices for the other major destinations experienced more modest paces of growth.

Tin Imports

Imports into Italy

In 2022, purchases abroad of tin increased by 22% to X tons, rising for the second consecutive year after two years of decline. Overall, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.0% 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 +34.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, tin imports surged to $X in 2022. In general, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 89% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Indonesia (X tons), Belgium (X tons) and China (X tons) were the main suppliers of tin imports to Italy, together comprising 65% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +58.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), China ($X) and Belgium ($X) appeared to be the largest tin suppliers to Italy, together accounting for 66% of total imports.

Among the main suppliers, China, with a CAGR of +60.4%, saw the highest growth rate of 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, stabilizing at the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.5% 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 +72.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 72%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Thailand ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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