Which Country Exports the Most Tin Ores and Concentrates in the World?

IndexBox has just published a new report "World: Tin Ores And Concentrates - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, the amount of tin ore imported worldwide totaled 515K tonnes, ascending by 55% against the previous year figure. In general, tin ore imports continue to indicate an outstanding increase. The pace of growth appeared the most rapid in 2013, when imports increased by 94% against the previous year level. Over the period under review, global tin ore imports reached its maximum volume in 2016, and are likely to continue its growth in the near future.

In value terms, tin ore imports amounted to $1.2B in 2016. Overall, tin ore imports continue to indicate a remarkable increase. In that year, global tin ore imports reached its maximum level, and are likely to continue its growth in the immediate term.

Top Tin Ore Importing Countries in the World

1. China (814.6 million USD)

2. Malaysia (295.6 million USD)

3. Thailand (77.6 million USD)

4. Singapore (4.2 million USD)

5. France (1.0 million USD)

6. India (0.7 million USD)

7. Belgium (0.2 million USD)

Tin Ore Imports By Country

China (475K tonnes) prevails in tin ore imports structure, resulting at 475K tonnes, which was approx. 92% of total imports in 2016. It was distantly followed by Malaysia (31K tonnes), constituting 6% share of total tin ore imports. The following importers - Thailand (7.9K tonnes) held approx. 2% of total imports, each. Belgium, Singapore, India, and France countries occupied the negligible share of total imports.

Imports into China increased at an average annual rate of +41.6% from 2007 to 2016. At the same time, Belgium (+62.0%), and Malaysia (+4.8%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest growing importer/exporter in the world, with a CAGR of +62.0% from 2007-2016. By contrast, France (-1.8%), Thailand (-5.4%), Singapore (-14.7%), and India (-26.3%) illustrated a downward trend over the same period. While the share of Malaysia (-2.0%), and China (-88.1%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($815M) constitutes the largest market for imported tin ore worldwide, making up 67% of global imports. The second position in the ranking was occupied by Malaysia ($296M), with the share of 24% of global imports. It was followed by Thailand, with the share of 6%.

In China, tin ore imports expanded at an average annual rate of +45.6% over the period from 2007-2016. The remaining importing countries recorded the following average annual rates: Malaysia (+7.4% per year) and Thailand (-4.2% per year).

Tin Ore Import Prices By Country

The average tin ore import price stood at $2,360 per tonne in 2016, moving up by 6% against the previous year. Overall, tin ore import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2008, an increase of 46% y-o-y. Global tin ore import peaked of $8,503 per tonne in 2011- however, from 2012 to 2016, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was France ($17 per kg), while Belgium ($164 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of tin ore import prices was attained by Singapore (+6.4% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global tin ore market? Get the latest trends and insight from our report. It includes a wide range of statistics on

• tin ore market share
• tin ore prices
• tin ore industry
• tin ore sales
• tin ore import
• tin ore export
• tin ore market forecast
• tin ore price forecast
• key tin ore producers

All data provided in this article covers the following product: HS Code 2609 - Tin ores and concentrates.

Source: World: Tin Ores And Concentrates - Market Report. Analysis and Forecast to 2025