Republic of Korea: Tin Market 2020

Tin Market Size in Republic of Korea

The revenue of the tin market in South Korea amounted to $X in 2017, rising by X% against the previous year. In general, tin consumption continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2011, with an increase of X% against the previous year. South Korea tin consumption peaked of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Tin Production in Republic of Korea

In 2017, tin production in South Korea totaled X tons, surging by X% against the previous year. In general, tin production continues to indicate a remarkable growth. The pace of growth was the most pronounced in 2011, when the output figure increased by X% year-to-year. Over the period under review, the tin production reached its maximum volume in 2017, and is expected to retain its growth in the immediate term.

Tin Exports from Republic of Korea

In 2017, exports of tin from South Korea amounted to X tons, coming down by -X% against the previous year. In general, tin exports continue to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2012, when exports increased by X% year-to-year. Over the period under review, the tin exports attained its peak figure volume of X tons in 2013; however, from 2014 to 2017, it failed to regain its momentum.

In value terms, tin exports stood at $X in 2017. In general, tin exports continue to indicate a modest increase. Over the period under review, the tin exports reached its peak figure level of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Tin Exports by Country from Republic of Korea

In 2017, Indonesia (X tons) was the main exporter for tin, creating X% of total exports. Malaysia (X tons) took the second position in the ranking, followed by Singapore (X tons), Peru (X tons), Bolivia (X tons) and Belgium (X tons). All these countries together occupied near X% share of total exports. The Netherlands (X tons), Brazil (X tons), China, Hong Kong SAR (X tons), Thailand (X tons) and Taiwan, Chinese (X tons) followed a long way behind the leaders.

Indonesia experienced a relatively flat trend pattern of tin exports. At the same time, China, Hong Kong SAR (+X%), Taiwan, Chinese (+X%), Brazil (+X%), Bolivia (+X%), Malaysia (+X%) and Belgium (+X%) displayed positive paces of growth. Moreover, China, Hong Kong SAR emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. The Netherlands experienced a relatively flat trend pattern. By contrast, Peru (-X%), Singapore (-X%) and Thailand (-X%) illustrated a downward trend over the same period. Singapore (X%), Peru (X%) and Thailand (X%) significantly strengthened its position in terms of the global exports, while China, Hong Kong SAR, Bolivia and Malaysia saw its share reduced by -X%, -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest tin supplier from South Korea, making up X% of global exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of global exports. It was followed by Singapore, with a X% share.

From 2007 to 2017, the average annual growth rate of value in Indonesia totaled +X%. In the other countries, the average annual rates were as follows: Malaysia (+X% per year) and Singapore (-X% per year).

Tin Export Prices by Country in Republic of Korea

The tin export price in South Korea stood at $X per kg in 2017, picking up by X% against the previous year. Overall, the export price indicated a remarkable increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the tin export price decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2011, when it surged by X% y-o-y. In that year, the export prices for tin reached their peak level of $X per kg. From 2012 to 2017, growth of the export prices for tin stood at a somewhat lower level.

Average export prices varied noticeably amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in the Netherlands ($X per kg) and Thailand ($X per kg), while Taiwan, Chinese ($X per kg) and Malaysia ($X per kg) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the Netherlands (+X% per year), while the other leaders experienced more modest paces of growth.

Tin Imports into Republic of Korea

In 2017, the amount of tin imported into South Korea amounted to X tons, dropping by -X% against the previous year. In general, tin imports continue to indicate a moderate deduction. The pace of growth was the most pronounced in 2010, when imports increased by X% against the previous year. In that year, the tin imports reached their peak volume of X tons. From 2011 to 2017, growth of the tin imports failed to regain its momentum.

In value terms, tin imports amounted to $X in 2017. In general, tin imports continue to indicate a slight expansion. Over the period under review, the tin imports attained its peak figure level of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Tin Imports by Country into Republic of Korea

Hungary prevails in tin imports structure, reaching X tons, which was near X% of total imports in 2017. The following importers - the U.S. (X tons) and Japan (X tons) each reached a X% share of total imports.

Hungary was also the fastest growing in terms of the tin imports, with a CAGR of +X% from 2007 to 2017. The U.S. experienced a relatively flat trend pattern. Japan (-X%) illustrated a downward trend over the same period. Hungary (-X%) significantly weakened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X), Japan ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2017, with a combined X% share of total imports.

The U.S. (+X% per year) recorded the highest rates of growth with regard to imports, among the main importing countriesover the last decade, while the other leaders experienced more modest paces of growth.

Tin Import Prices by Country in Republic of Korea

In 2017, the tin import price in South Korea amounted to $X per kg, picking up by X% against the previous year. In general, the import price indicated a notable increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2011, an increase of X% y-o-y. In that year, the import prices for tin attained their peak level of $X per kg. From 2012 to 2017, growth of the import prices for tin stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Japan ($X per kg), while Hungary ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Japan (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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