SADC: Market for Tin Ores And Concentrates 2024

Market Size for Tin Ores And Concentrates in SADC

In 2022, after two years of decline, there was significant growth in the SADC tin ores and concentrates market, when its value increased by 113% to $X. The total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -26.8% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Tin Ores And Concentrates in SADC

In value terms, tin ores and concentrates production contracted to $X in 2022 estimated in export price. The total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +61.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 71% against the previous year. As a result, production attained the peak level of $X, and then shrank in the following year.

Exports of Tin Ores And Concentrates

Exports in SADC

After two years of growth, overseas shipments of tin ores and concentrateses decreased by -33.1% to X tons in 2022. Overall, exports, however, recorded a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 237%. As a result, the exports attained the peak of X tons, and then declined dramatically in the following year.

In value terms, tin ores and concentrates exports dropped notably to $X in 2022. In general, exports, however, saw resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by 492%. As a result, the exports attained the peak of $X, and then shrank dramatically in the following year.

Exports by Country

Democratic Republic of the Congo prevails in exports structure, accounting for X tons, which was approx. 93% of total exports in 2022. It was distantly followed by Tanzania (X tons), mixing up a 4.6% share of total exports. Namibia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to tin ores and concentrates exports from Democratic Republic of the Congo stood at +22.1%. At the same time, Namibia (+35.6%) displayed positive paces of growth. Moreover, Namibia emerged as the fastest-growing exporter exported in SADC, with a CAGR of +35.6% from 2012-2022. By contrast, Tanzania (-10.1%) illustrated a downward trend over the same period. Democratic Republic of the Congo (+46 p.p.) and Namibia (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while Tanzania saw its share reduced by -45.1% from 2012 to 2022, respectively.

In value terms, Democratic Republic of the Congo ($X) remains the largest tin ores and concentrates supplier in SADC, comprising 92% of total exports. The second position in the ranking was taken by Tanzania ($X), with a 6.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Democratic Republic of the Congo totaled +27.3%. In the other countries, the average annual rates were as follows: Tanzania (-2.7% per year) and Namibia (+39.7% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, dropping by -7.1% against the previous year. Export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tin ores and concentrates export price increased by +63.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by 76%. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

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 Tanzania ($X per ton), while Namibia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+8.3%), while the other leaders experienced more modest paces of growth.

Imports of Tin Ores And Concentrates

Imports in SADC

In 2022, imports of tin ores and concentrateses in SADC shrank sharply to X tons, reducing by -98.1% compared with the previous year. Overall, imports saw a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 6,701% against the previous year. As a result, imports reached the peak of X tons, and then dropped markedly in the following year.

In value terms, tin ores and concentrates imports dropped rapidly to $X in 2022. In general, imports saw a abrupt slump. The growth pace was the most rapid in 2021 when imports increased by 240%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Zambia (X tons) and South Africa (X tons) were the largest importers of tin ores and concentrateses in SADC, together recording near 73% of total imports. Democratic Republic of the Congo (X tons) held a 16% share (based on physical terms) of total imports, which put it in second place, followed by Swaziland (8.6%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Democratic Republic of the Congo (with a CAGR of +33.7%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest tin ores and concentrates importing markets in SADC were Democratic Republic of the Congo ($X), Zambia ($X) and Swaziland ($X), with a combined 99% share of total imports.

Among the main importing countries, Democratic Republic of the Congo, with a CAGR of +47.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, surging by 1,994% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (+10.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform