Report Update Nov 1, 2024

Saudi Arabia - Tin - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Tin Market 2024

Tin Market Size in Saudi Arabia

In 2022, the Saudi tin market decreased by 0% to less than $X, falling for the second year in a row after two years of growth. Overall, consumption, however, posted significant growth. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Tin Production in Saudi Arabia

In value terms, tin production expanded significantly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of 33%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Tin Exports

Exports from Saudi Arabia

In 2020, shipments abroad of tin decreased by -66.1% to X tons for the first time since 2017, thus ending a two-year declining trend. Overall, exports recorded a deep setback. The most prominent rate of growth was recorded in 2017 when exports increased by 1,546%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2020, the exports stood at a somewhat lower figure.

In value terms, tin exports dropped significantly to $X in 2020. Over the period under review, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 4,234% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Kenya (X tons) was the main destination for tin exports from Saudi Arabia, with a approx. 100% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to Kenya was relatively modest.

In value terms, Kenya ($X) emerged as the key foreign market for tin exports from Saudi Arabia.

From 2012 to 2020, the average annual rate of growth in terms of value to Kenya was relatively modest.

Export Prices by Country

In 2020, the average tin export price amounted to $X per ton, surging by 130% against the previous year. Overall, the export price posted a strong expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 163% against the previous year. The export price peaked in 2020 and is likely to see steady growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Kenya.

From 2012 to 2020, the rate of growth in terms of prices for Bahrain amounted to +24.3% per year.

Tin Imports

Imports into Saudi Arabia

In 2021, after two years of decline, there was decline in purchases abroad of tin, when their volume decreased by 0% to X tons. Overall, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2013 when imports increased by 70% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, tin imports stood at $X in 2021. In general, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 49% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of tin to Saudi Arabia, with a 55% share of total imports. Moreover, tin imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates totaled +59.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-11.5% per year) and India (0.0% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of tin to Saudi Arabia, comprising 51% of total imports. The second position in the ranking was held by Indonesia ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates totaled +48.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+3.6% per year) and India (0.0% per year).

Import Prices by Country

In 2021, the average tin import price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the import price showed a mild descent. The pace of growth appeared the most rapid in 2014 an increase of 34%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tin in the world?

China constituted the country with the largest volume of tin consumption, accounting for 45% of total volume. Moreover, tin consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fivefold. Japan ranked third in terms of total consumption with a 7% share.

What are the largest producers of tin in the world?

China remains the largest tin producing country worldwide, comprising approx. 46% of total volume. Moreover, tin production in China exceeded the figures recorded by the second-largest producer, Indonesia, twofold. Peru ranked third in terms of total production with a 7.1% share.

What are the leading suppliers of tin to Saudi Arabia?

In value terms, Malaysia constituted the largest supplier of tin to Saudi Arabia, comprising 58% of total imports. The second position in the ranking was occupied by Indonesia, with an 11% share of total imports. It was followed by the United Arab Emirates, with an 8.2% share.

What are the leading importers of tin from Saudi Arabia?

In value terms, the largest markets for tin exported from Saudi Arabia were Yemen and Bahrain.

What is the average export price for tin in Saudi Arabia?

In 2021, the average tin export price amounted to $15,031 per ton, shrinking by -32.1% against the previous year.

What is the average import price for tin in Saudi Arabia?

The average tin import price stood at $20,000 per ton in 2018, picking up by 21% against the previous year.

This report provides an in-depth analysis of the tin market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24431330 - Unwrought non-alloy tin (excluding tin powders and flakes)

Country coverage:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023