Thailand: Tin Bar Market 2025

Tin Bar Market Size in Thailand

The Thai tin bar market rose markedly to $X in 2022, growing by 12% against the previous year. Overall, consumption, however, showed a abrupt contraction. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Tin Bar Production in Thailand

In value terms, tin bar production expanded slightly to $X in 2022 estimated in export price. Overall, production recorded a resilient increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 75% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Tin Bar Exports

Exports from Thailand

In 2022, exports of tin bars, rods, profiles and wires from Thailand expanded notably to X tons, with an increase of 9% against the year before. In general, total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.0% against 2016 indices. The pace of growth was the most pronounced in 2017 when exports increased by 21% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, tin bar exports soared to $X in 2022. Over the period under review, exports enjoyed a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 92% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

South Korea (X tons), Malaysia (X tons) and the UK (X tons) were the main destinations of tin bar exports from Thailand, together accounting for 71% of total exports. Japan, Vietnam, Australia, the Philippines and Hong Kong SAR lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +106.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Malaysia ($X) and the UK ($X) constituted the largest markets for tin bar exported from Thailand worldwide, with a combined 76% share of total exports. Japan, Vietnam, Australia, the Philippines and Hong Kong SAR lagged somewhat behind, together comprising a further 22%.

Australia, with a CAGR of +153.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average tin bar export price amounted to $X per ton, increasing by 10% against the previous year. In general, the export price enjoyed buoyant growth. The growth pace was the most rapid in 2021 when the average export price increased by 63%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Australia ($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 Australia (+23.2%), while the prices for the other major destinations experienced more modest paces of growth.

Tin Bar Imports

Imports into Thailand

In 2022, overseas purchases of tin bars, rods, profiles and wires were finally on the rise to reach X tons after three years of decline. Overall, imports, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2014 with an increase of 189%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, tin bar imports skyrocketed to $X in 2022. In general, imports, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2014 with an increase of 184%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Indonesia (X tons), Japan (X tons) and China (X tons) were the main suppliers of tin bar imports to Thailand, together comprising 84% of total imports. Taiwan (Chinese), Malaysia, South Korea and the Philippines lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Philippines (with a CAGR of +73.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tin bar suppliers to Thailand were Japan ($X), Indonesia ($X) and China ($X), together accounting for 83% of total imports.

China, with a CAGR of +80.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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, rising by 15% against the previous year. Over the period under review, the import price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 an increase of 60% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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