Report Update Nov 1, 2024

South Africa - Tin Bars, Rods, Profiles and Wires - Market Analysis, Forecast, Size, Trends and Insights

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South Africa: Tin Bar Market 2024

Tin Bar Market Size in South Africa

For the fourth year in a row, the South African tin bar market recorded decline in sales value, which decreased by -27.7% to $X in 2022. In general, consumption saw a deep slump. Tin bar consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Tin Bar Exports

Exports from South Africa

After three years of decline, overseas shipments of tin bars, rods, profiles and wires increased by 89% to X tons in 2022. In general, exports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2015 with an increase of 562%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, tin bar exports shrank sharply to $X in 2022. Overall, exports, however, recorded a sharp decrease. The pace of growth appeared the most rapid in 2015 when exports increased by 181% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Nigeria (X tons) was the main destination for tin bar exports from South Africa, with a 92% share of total exports. Moreover, tin bar exports to Nigeria exceeded the volume sent to the second major destination, Botswana (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Nigeria totaled -6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (+32.5% per year) and Democratic Republic of the Congo (-60.8% per year).

In value terms, Nigeria ($X) emerged as the key foreign market for tin bars, rods, profiles and wires exports from South Africa, comprising 71% of total exports. The second position in the ranking was held by Botswana ($X), with a 29% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Nigeria amounted to -17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (+34.8% per year) and Democratic Republic of the Congo (-66.8% per year).

Export Prices by Country

The average tin bar export price stood at $X per ton in 2022, declining by -70.4% against the previous year. Over the period under review, the export price recorded a dramatic setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 107% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Botswana ($X per ton), while the average price for exports to Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (+1.7%), while the prices for the other major destinations experienced a decline.

Tin Bar Imports

Imports into South Africa

In 2022, purchases abroad of tin bars, rods, profiles and wires increased by 827% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, recorded a deep downturn. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, tin bar imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of 614% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest tin bar supplier to South Africa, with a 78% share of total imports. Moreover, tin bar imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), sevenfold. Spain (X tons) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +68.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+211.7% per year) and Spain (+28.9% per year).

In value terms, the largest tin bar suppliers to South Africa were Japan ($X), Spain ($X) and China ($X), together comprising 86% of total imports.

In terms of the main suppliers, Japan, with a CAGR of +190.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average tin bar import price amounted to $X per ton, falling by -25.7% against the previous year. In general, the import price continues to indicate a deep slump. The pace of growth was the most pronounced in 2020 when the average import price increased by 429%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lesotho (+87.8%), 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 bars, rods, profiles and wires in the world?

China constituted the country with the largest volume of tin bar consumption, comprising approx. 22% of total volume. Moreover, tin bar consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by Malaysia, with an 8% share.

What are the largest producers of tin bars, rods, profiles and wires in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 44% of global production. These countries were followed by Japan, Indonesia, Brazil, Germany, Poland, France, the Netherlands, Malaysia, South Korea and Thailand, which together accounted for a further 35%.

What are the leading suppliers of tin bars, rods, profiles and wires to South Africa?

In value terms, Germany constituted the largest supplier of tin bar to South Africa, comprising 62% of total imports. The second position in the ranking was occupied by India, with a 29% share of total imports.

What is the average export price for tin bars, rods, profiles and wires in South Africa?

In 2021, the average tin bar export price amounted to $18,348 per ton, flattening at the previous year.

What is the average import price for tin bars, rods, profiles and wires in South Africa?

In 2021, the average tin bar import price amounted to $8,341 per ton, growing by 80% against the previous year.

This report provides an in-depth analysis of the tin bar market in South Africa. 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 24432400 - Tin bars, rods, profiles and wires

Country coverage:

South Africa

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in South Africa
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