Germany - Tin - Market Analysis, Forecast, Size, Trends And Insights
Tin Price in Germany Reduces 9% to $27.6 per kg
Germany Tin Import Price in October 2022
In October 2022, the tin price amounted to $27.6 per kg (CIF, Germany), with a decrease of -9.1% against the previous month. Over the period under review, the import price showed a noticeable downturn. The pace of growth was the most pronounced in March 2022 an increase of 6.4% month-to-month. Over the period under review, average import prices reached the peak figure at $45.7 per kg in April 2022; however, from May 2022 to October 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In October 2022, the countries with the highest prices were Luxembourg ($34.6 per kg) and Bolivia ($31.6 per kg), while the price for the Netherlands ($23.2 per kg) and Belgium ($27.0 per kg) were amongst the lowest.
From January 2022 to October 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (-0.8%), while the prices for the other major suppliers experienced a decline.
Germany Tin Imports
In October 2022, purchases abroad of tin decreased by -6.5% to 1.5K tons for the first time since July 2022, thus ending a two-month rising trend. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in June 2022 with an increase of 27% m-o-m. Over the period under review, imports attained the maximum at 1.8K tons in March 2022; however, from April 2022 to October 2022, imports failed to regain momentum.
In value terms, tin imports shrank to $42M (IndexBox estimates) in October 2022. In general, imports saw a noticeable decline. The most prominent rate of growth was recorded in March 2022 with an increase of 28% m-o-m. As a result, imports reached the peak of $83M. From April 2022 to October 2022, the growth of imports remained at a somewhat lower figure.
Germany Tin Imports by Country
Belgium (414 tons), the Netherlands (337 tons) and Poland (186 tons) were the main suppliers of tin imports to Germany, together accounting for 61% of total imports. Peru, Thailand, Luxembourg, Bolivia and France lagged somewhat behind, together accounting for a further 39%.
From January 2022 to October 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +18.5%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest tin suppliers to Germany were Belgium ($11M), the Netherlands ($7.8M) and Poland ($5.3M), with a combined 57% share of total imports. These countries were followed by Thailand, Peru, Luxembourg, Bolivia and France, which together accounted for a further 43%.
Luxembourg, with a CAGR of +15.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Factors Affecting Tin Prices
Tin prices in Germany have been on the rise in recent years, due to a number of factors. One of the main reasons for this is the increasing demand for tin from China, which has been driving up prices globally. Other contributing factors include a decline in production from key tin-producing countries such as Indonesia and Peru, and political instability in major tin-producing regions such as Africa.
As a result of these factors, German companies that use tin in their products or processes have been facing increased costs. This has put pressure on margins and profitability, and has led to some companies looking for alternative sources of tin or switching to other materials altogether. However, given that tin is an essential component in many industries, it is unlikely that there will be any significant shift away from using it anytime soon.
This report provides an in-depth analysis of the tin market in Germany. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, January 25th, 2022 @ 04:00 pm ET
Join our live webinar to get insights into the global graphite market.
Tuesday, May 18th, 2021 @ 04:00 pm ET
Join our live webinar to get insights into cooling innovations in the oil and gas industry.
Monday, November 2nd, 2020 @ 04:00 pm ET