Australia: Tin Market 2022

Tin Market Size in Australia

In 2021, the Australian tin market increased by X% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Tin Production in Australia

In value terms, tin production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, showed significant growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Tin Exports

Exports from Australia

In 2021, overseas shipments of tin decreased by -X% to X tonnes, falling for the second consecutive year after three years of growth. In general, exports saw a sharp decrease. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tonnes in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, tin exports reduced markedly to $X in 2021. Over the period under review, exports recorded a precipitous setback. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tonnes) was the main destination for tin exports from Australia, accounting for a X% share of total exports. Moreover, tin exports to Turkey exceeded the volume sent to the second major destination, New Zealand (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey was relatively modest.

In value terms, Turkey ($X) emerged as the key foreign market for tin exports from Australia, comprising X% of total exports. The second position in the ranking was occupied by New Zealand ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey was relatively modest.

Export Prices by Country

The average tin export price stood at $X per tonne in 2021, growing by X% against the previous year. Over the period under review, the export price saw a resilient increase. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2021, the country with the highest price was Turkey ($X per tonne), while the average price for exports to New Zealand totaled $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+X%).

Tin Imports

Imports into Australia

In 2021, approx. X tonnes of tin were imported into Australia; increasing by X% against 2020. Overall, imports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked at X tonnes in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, tin imports skyrocketed to $X in 2021. In general, imports, however, showed a perceptible shrinkage. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tonnes) constituted the largest tin supplier to Australia, with a X% share of total imports. Moreover, tin imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tonnes), threefold. The third position in this ranking was occupied by Indonesia (X tonnes), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and Indonesia (-X% per year).

In value terms, China ($X) constituted the largest supplier of tin to Australia, comprising X% of total imports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total imports. It was followed by Indonesia, with an X% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and Indonesia (-X% per year).

Import Prices by Country

The average tin import price stood at $X per tonne in 2021, jumping by X% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was China ($X per tonne), while the price for Indonesia ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform