Asia-Pacific: Tin Bar Market 2024

Tin Bar Market Size in Asia-Pacific

The Asia-Pacific tin bar market fell to $X in 2022, declining by -2.2% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2021, and then shrank modestly in the following year.

Tin Bar Production in Asia-Pacific

In value terms, tin bar production fell slightly to $X in 2022 estimated in export price. The total production indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.7% 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 -9.2% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 25% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

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Tin Bar Exports

Exports in Asia-Pacific

In 2022, shipments abroad of tin bars, rods, profiles and wires was finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, recorded a deep setback. The pace of growth was the most pronounced in 2014 when exports increased by 13%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, tin bar exports expanded sharply to $X in 2022. Overall, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of 38% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The biggest shipments were from Taiwan (Chinese) (X tons), Thailand (X tons) and Malaysia (X tons), together amounting to 52% of total export. South Korea (X tons) took a 9.8% share (based on physical terms) of total exports, which put it in second place, followed by Hong Kong SAR (8.9%), Indonesia (7.1%), Singapore (6.5%), Japan (6.2%) and China (5.7%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Malaysia (with a CAGR of +2.7%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Taiwan (Chinese) ($X) and Malaysia ($X) were the countries with the highest levels of exports in 2022, together comprising 47% of total exports.

Thailand, with a CAGR of +9.9%, recorded the highest growth rate of the value of exports, among 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 Asia-Pacific amounted to $X per ton, picking up by 4.8% against the previous year. Export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.9% 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 +66.9% against 2016 indices. The pace of growth was the most pronounced in 2021 when the export price increased by 35%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

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 Japan ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+9.5%), while the other leaders experienced more modest paces of growth.

Tin Bar Imports

Imports in Asia-Pacific

In 2022, imports of tin bars, rods, profiles and wires in Asia-Pacific expanded slightly to X tons, picking up by 3.8% on 2021 figures. Over the period under review, imports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2014 with an increase of 70%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, tin bar imports rose remarkably to $X in 2022. In general, imports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2014 when imports increased by 70% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of tin bar imports in 2022 were Vietnam (X tons), Malaysia (X tons), Taiwan (Chinese) (X tons) and China (X tons), together amounting to 71% of total import. It was distantly followed by Hong Kong SAR (X tons), mixing up a 5.5% share of total imports. Thailand (X tons), Japan (X tons), South Korea (X tons), Singapore (X tons), India (X tons), the Philippines (X tons) and Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +23.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Malaysia ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 54% of total imports. Hong Kong SAR, South Korea, Taiwan (Chinese), Thailand, Singapore, Indonesia, the Philippines, India and Japan lagged somewhat behind, together comprising a further 44%.

Among the main importing countries, South Korea, with a CAGR of +34.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, increasing by 3.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.7%. The pace of growth was the most pronounced in 2021 when the import price increased by 41% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

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