Russian Federation: Tin Market 2025

Tin Market Size in the Russian Federation

The Russian tin market dropped to $X in 2022, reducing by -9.3% against the previous year. Over the period under review, consumption, however, recorded a abrupt descent. Tin consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Tin Production in the Russian Federation

In value terms, tin production declined to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable slump. The pace of growth was the most pronounced in 2021 with an increase of 15% against the previous year. Tin production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Tin Exports

Exports from the Russian Federation

In 2022, tin exports from Russia dropped to X tons, declining by -8.2% on 2021 figures. Over the period under review, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2013 when exports increased by 89%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, tin exports declined markedly to $X in 2022. In general, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 151% against the previous year. The exports peaked at $X in 2021, and then reduced dramatically in the following year.

Exports by Country

Belarus (X tons) was the main destination for tin exports from Russia, with a 67% share of total exports. Moreover, tin exports to Belarus exceeded the volume sent to the second major destination, Kazakhstan (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Belarus amounted to +26.0%.

In value terms, the largest markets for tin exported from Russia were Belarus ($X) and Kazakhstan ($X).

Among the main countries of destination, Belarus, with a CAGR of +25.4%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the average tin export price amounted to $X per ton, waning by -9% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 68%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Belarus stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+0.5%), while the prices for the other major destinations experienced a decline.

Tin Imports

Imports into the Russian Federation

In 2022, after two years of decline, there was significant growth in overseas purchases of tin, when their volume increased by 10% to X tons. In general, imports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by 267% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, tin imports fell to $X in 2022. Overall, imports, however, showed a abrupt downturn. The growth pace was the most rapid in 2018 with an increase of 387% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Indonesia (X tons) and China (X tons) were the main suppliers of tin imports to Russia.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +27.1%).

In value terms, the largest tin suppliers to Russia were Indonesia ($X) and China ($X).

China, with a CAGR of +26.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2022, the average tin import price amounted to $X per ton, falling by -21.1% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.0% 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 +29.5% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 64% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped dramatically in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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