Price for Tin; Waste and Scrap in Japan - 2023

Contents:

1. Price for Tin; Waste and Scrap in Japan (CIF) - 2022
2. Price for Tin; Waste and Scrap in Japan (FOB) - 2022
3. Imports of Tin; Waste and Scrap in Japan
4. Exports of Tin; Waste and Scrap in Japan

Price for Tin; Waste and Scrap in Japan (CIF) - 2022

The average tin; waste and scrap import price stood at $18,628 per ton in 2022, with an increase of 7.7% against the previous year. In general, the import price enjoyed prominent growth. The pace of growth was the most pronounced in 2017 an increase of 99%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 South Korea ($34,274 per ton), while the price for Malaysia ($3,756 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+22.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tin; Waste and Scrap in Japan (FOB) - 2022

In 2022, the average tin; waste and scrap export price amounted to $2,720 per ton, declining by -30% against the previous year. In general, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 an increase of 72% against the previous year. Over the period under review, the average export prices reached the peak figure at $11,236 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Malaysia.

From 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to +9.9% per year.

Imports of Tin; Waste and Scrap in Japan

In 2022, approx. 53 tons of tin; waste and scraps were imported into Japan; picking up by 14% compared with the previous year. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +5.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 42% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, tin; waste and scrap imports skyrocketed to $991K in 2022. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 151%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Tin; Waste and Scrap to Japan in 2022:

1. Malaysia (17.5 tons)
2. Thailand (16.3 tons)
3. Vietnam (11.0 tons)
4. Taiwan (Chinese) (7.3 tons)

Exports of Tin; Waste and Scrap in Japan

In 2022, overseas shipments of tin; waste and scraps were finally on the rise to reach 63 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a sharp slump.

In value terms, tin; waste and scrap exports skyrocketed to $170K in 2022. Overall, exports, however, faced a precipitous descent.

Top Export Markets for Tin; Waste and Scrap from Japan in 2022:

1. Malaysia (62.6 tons)

Source: IndexBox Market Intelligence Platform