ASEAN: Tin Bar Market 2024

Tin Bar Market Size in ASEAN

The ASEAN tin bar market reached $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption, however, continues to indicate a noticeable shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Tin Bar Production in ASEAN

In value terms, tin bar production contracted to $X in 2022 estimated in export price. The total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.1% 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 -9.9% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 76%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Tin Bar Exports

Exports in ASEAN

In 2022, approx. X tons of tin bars, rods, profiles and wires were exported in ASEAN; picking up by 3% on the previous year's figure. Overall, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of 18%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, tin bar exports expanded sharply to $X in 2022. In general, exports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 65%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X tons) and Malaysia (X tons) represented roughly 68% of total exports in 2022. Indonesia (X tons) ranks next in terms of the total exports with a 15% share, followed by Singapore (14%). Myanmar (X tons) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Malaysia (with a CAGR of +2.7%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest tin bar supplying countries in ASEAN were Thailand ($X), Malaysia ($X) and Singapore ($X), with a combined 83% share of total exports. Indonesia and Myanmar lagged somewhat behind, together comprising a further 16%.

Myanmar, with a CAGR of +789.1%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, rising by 5.2% against the previous year. Export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tin bar export price increased by +58.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 50%. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+1,379.3%), while the other leaders experienced more modest paces of growth.

Tin Bar Imports

Imports in ASEAN

In 2022, the amount of tin bars, rods, profiles and wires imported in ASEAN expanded remarkably to X tons, growing by 11% on the previous year. Overall, imports, however, saw a abrupt downturn. The growth pace was the most rapid in 2014 when imports increased by 109% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, tin bar imports expanded slightly to $X in 2022. Over the period under review, imports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2014 with an increase of 120% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Vietnam (X tons) and Malaysia (X tons) dominates imports structure, together mixing up 79% of total imports. Thailand (X tons) ranks next in terms of the total imports with a 7.7% share, followed by Singapore (5.2%). The following importers - the Philippines (X tons) and Indonesia (X tons) - together made up 7.1% of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +23.8%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Vietnam ($X), Malaysia ($X) and Thailand ($X) were the countries with the highest levels of imports in 2022, with a combined 80% share of total imports. Singapore, Indonesia and the Philippines lagged somewhat behind, together accounting for a further 19%.

The Philippines, with a CAGR of +34.2%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, shrinking by -7.2% against the previous year. Import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tin bar import price increased by +52.6% against 2017 indices. The pace of growth appeared the most rapid in 2021 when the import price increased by 54% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+13.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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