Belgium: Tin Bar Market 2024

Tin Bar Market Size in Belgium

The Belgian tin bar market declined dramatically to $X in 2022, shrinking by -92.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a dramatic decline. Tin bar consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Tin Bar Exports

Exports from Belgium

In 2022, overseas shipments of tin bars, rods, profiles and wires increased by 55% to X tons, rising for the third year in a row after three years of decline. In general, exports, however, showed a mild reduction. The pace of growth appeared the most rapid in 2016 when exports increased by 55% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, tin bar exports expanded markedly to $X in 2022. The total export value increased at an average annual rate of +4.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when exports increased by 33% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

The Netherlands (X tons), Spain (X tons) and Slovakia (X tons) were the main destinations of tin bar exports from Belgium, with a combined 92% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +62.8%), while the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X), Slovakia ($X) and Spain ($X) appeared to be the largest markets for tin bar exported from Belgium worldwide, together accounting for 94% of total exports.

In terms of the main countries of destination, Spain, with a CAGR of +61.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average tin bar export price stood at $X per ton in 2022, which is down by -28.7% against the previous year. Over the period under review, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 an increase of 40% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then shrank remarkably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.

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Tin Bar Imports

Imports into Belgium

After three years of decline, overseas purchases of tin bars, rods, profiles and wires increased by 6.5% to X tons in 2022. In general, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of 456%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, tin bar imports fell to $X in 2022. Overall, imports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 462%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Japan (X tons) were the main suppliers of tin bar imports to Belgium, together comprising 90% of total imports. Italy, Spain, the United States, Luxembourg and France lagged somewhat behind, together accounting for a further 9.2%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +283.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of tin bars, rods, profiles and wires to Belgium, comprising 68% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by Japan, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands amounted to +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.0% per year) and Japan (+113.7% per year).

Import Prices by Country

The average tin bar import price stood at $X per ton in 2022, falling by -12.1% against the previous year. Over the period under review, the import price, however, saw a perceptible increase. The most prominent rate of growth was recorded in 2021 an increase of 129% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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