Middle East: Market for Tin Ores And Concentrates 2024

Market Size for Tin Ores And Concentrates in the Middle East

The Middle Eastern tin ores and concentrates market soared to $X in 2022, rising by 26% against the previous year. Over the period under review, consumption enjoyed a prominent increase. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Tin Ores And Concentrates in the Middle East

In value terms, tin ores and concentrates production surged to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable slump. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Tin Ores And Concentrates

Exports in the Middle East

Tin ores and concentrates exports reduced dramatically to X tons in 2022, declining by -27.4% on the previous year's figure. Over the period under review, exports faced a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of 277% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, tin ores and concentrates exports shrank to $X in 2022. In general, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 87%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, finishing at X tons, which was approx. 95% of total exports in 2022. It was distantly followed by Turkey (X kg), mixing up a 4.7% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to tin ores and concentrates exports from the United Arab Emirates stood at -15.2%. Turkey (-11.6%) illustrated a downward trend over the same period. While the share of Turkey (+1.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (-1.5 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest tin ores and concentrates supplier in the Middle East, comprising 86% of total exports. The second position in the ranking was taken by Turkey ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates stood at -18.7%.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, picking up by 24% against the previous year. In general, the export price, however, continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2021 when the export price increased by 130% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+14.2%).

Imports of Tin Ores And Concentrates

Imports in the Middle East

In 2022, purchases abroad of tin ores and concentrateses decreased by -1.2% to X tons, falling for the third year in a row after two years of growth. Overall, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2019 when imports increased by 331%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, tin ores and concentrates imports reduced markedly to $X in 2022. In general, imports, however, recorded a significant increase. The growth pace was the most rapid in 2019 when imports increased by 381% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) represented the major importer of tin ores and concentrateses in the Middle East, constituting 100% of total import.

The United Arab Emirates was also the fastest-growing in terms of the tin ores and concentrateses imports, with a CAGR of +23.7% from 2012 to 2022. From 2012 to 2022, the share of the United Arab Emirates increased by +16 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported tin ores and concentrateses in the Middle East.

In the United Arab Emirates, tin ores and concentrates imports increased at an average annual rate of +41.7% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, declining by -22.6% against the previous year. Overall, the import price, however, recorded resilient growth. The most prominent rate of growth was recorded in 2021 an increase of 94%. As a result, import price reached the peak level of $X per ton, and then shrank notably in the following year.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +14.6% per year.

Source: IndexBox Platform

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