U.S.: Tin Market 2024

Tin Market Size in the U.S.

The U.S. tin market reduced to $X in 2022, falling by -5.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +56.0% against 2020 indices. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Tin Exports

Exports from the U.S.

In 2022, approx. X tons of tin were exported from the United States; reducing by -9.8% compared with the previous year. Overall, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 111%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, tin exports shrank to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 185%. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

Canada (X tons), Mexico (X tons) and Japan (X tons) were the main destinations of tin exports from the United States, together comprising 83% of total exports. Turkey, Spain and Belgium lagged somewhat behind, together comprising a further 9.7%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +248.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Mexico ($X) and Turkey ($X) were the largest markets for tin exported from the United States worldwide, with a combined 82% share of total exports.

Among the main countries of destination, Turkey, with a CAGR of +203.4%, saw the highest rates of growth with regard to the value of exports, 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 export price amounted to $X per ton, waning by -4.2% against the previous year. Over the period under review, the export price, however, continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2015 an increase of 53% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then shrank in the following year.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Turkey ($X per ton) and Mexico ($X per ton), while the average price for exports to Spain ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Tin Imports

Imports into the U.S.

In 2022, tin imports into the United States declined dramatically to X tons, shrinking by -15.1% compared with the previous year's figure. Overall, imports saw a mild slump. The pace of growth appeared the most rapid in 2021 when imports increased by 22% against the previous year. As a result, imports attained the peak of X tons, and then contracted significantly in the following year.

In value terms, tin imports reduced modestly to $X in 2022. In general, imports, however, enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 113%. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

Bolivia (X tons), Peru (X tons) and Indonesia (X tons) were the main suppliers of tin imports to the United States, with a combined 76% share of total imports. Brazil, Poland, Malaysia and Thailand lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +17.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Bolivia ($X), Peru ($X) and Indonesia ($X) appeared to be the largest tin suppliers to the United States, together comprising 76% of total imports. Brazil, Poland, Malaysia and Thailand lagged somewhat behind, together comprising a further 21%.

Among the main suppliers, Poland, with a CAGR of +30.3%, saw the highest growth rate of 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 import price amounted to $X per ton, jumping by 18% against the previous year. In general, the import price enjoyed prominent growth. The pace of growth was the most pronounced in 2021 an increase of 74% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Malaysia ($X per ton) and Indonesia ($X per ton), while the price for Peru ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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