Africa: Tin Bar Market 2024

Tin Bar Market Size in Africa

The African tin bar market declined modestly to $X in 2022, flattening at the previous year. The total consumption indicated a noticeable increase from 2012 to 2022: its value 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, consumption decreased by -4.6% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Tin Bar Production in Africa

In value terms, tin bar production shrank modestly to $X in 2022 estimated in export price. The total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.4% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 42% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Tin Bar Exports

Exports in Africa

In 2022, the amount of tin bars, rods, profiles and wires exported in Africa declined sharply to X tons, dropping by -38% against 2021 figures. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 325%. As a result, the exports reached the peak of X tons, and then reduced rapidly in the following year.

In value terms, tin bar exports plummeted to $X in 2022. Overall, exports saw a pronounced reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 879% against the previous year. As a result, the exports reached the peak of $X, and then dropped rapidly in the following year.

Exports by Country

In 2022, Nigeria (X tons) and Tunisia (X tons) were the largest exporters of tin bars, rods, profiles and wires in Africa, together reaching near 69% of total exports. Lesotho (X tons) took a 17% share (based on physical terms) of total exports, which put it in second place, followed by Senegal (9.2%). South Africa (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Nigeria (with a CAGR of +86.6%), while the other leaders experienced more modest paces of growth.

In value terms, Tunisia ($X) remains the largest tin bar supplier in Africa, comprising 74% of total exports. The second position in the ranking was taken by Nigeria ($X), with a 16% share of total exports. It was followed by Senegal, with a 5.3% share.

In Tunisia, tin bar exports plunged by an average annual rate of -5.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Nigeria (+64.6% per year) and Senegal (+31.4% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, declining by -13.6% against the previous year. Over the period under review, the export price saw a noticeable decline. The growth pace was the most rapid in 2021 when the export price increased by 130%. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while Lesotho ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+3.9%), while the other leaders experienced a decline in the export price figures.

Tin Bar Imports

Imports in Africa

In 2022, after two years of decline, there was significant growth in purchases abroad of tin bars, rods, profiles and wires, when their volume increased by 25% to X tons. In general, imports, however, showed a noticeable decline. The growth pace was the most rapid in 2015 when imports increased by 54%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, tin bar imports rose to $X in 2022. Over the period under review, imports, however, recorded a slight downturn. The growth pace was the most rapid in 2017 with an increase of 48%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Tunisia (X tons) was the major importer of tin bars, rods, profiles and wires, achieving 36% of total imports. Algeria (X tons) took an 18% share (based on physical terms) of total imports, which put it in second place, followed by South Africa (8.8%), Rwanda (6.4%), Egypt (6%) and Morocco (5.8%). Nigeria (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to tin bar imports into Tunisia stood at -5.3%. At the same time, Rwanda (+42.6%), Algeria (+5.3%) and Morocco (+3.6%) displayed positive paces of growth. Moreover, Rwanda emerged as the fastest-growing importer imported in Africa, with a CAGR of +42.6% from 2012-2022. By contrast, Nigeria (-5.4%), South Africa (-6.7%) and Egypt (-8.0%) illustrated a downward trend over the same period. While the share of Algeria (+9.8 p.p.), Rwanda (+6.3 p.p.) and Morocco (+2.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Egypt (-4.4 p.p.), South Africa (-4.4 p.p.) and Tunisia (-10.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tunisia ($X) constitutes the largest market for imported tin bars, rods, profiles and wires in Africa, comprising 50% of total imports. The second position in the ranking was held by Algeria ($X), with a 13% share of total imports. It was followed by Egypt, with a 12% share.

In Tunisia, tin bar imports shrank by an average annual rate of -2.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Algeria (+6.4% per year) and Egypt (+0.5% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, declining by -17% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the import price increased by 57%. The level of import peaked at $X per ton in 2021, and then shrank markedly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Egypt ($X per ton), while Rwanda ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+9.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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