Brazil: Tin Market 2022

Tin Market Size in Brazil

The Brazilian tin market rose sharply to $X in 2021, picking up by X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Tin Production in Brazil

In value terms, tin production expanded significantly to $X in 2021 estimated in export price. Over the period under review, the total production indicated slight growth from 2012 to 2021: its value 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. Based on 2021 figures, production decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Tin Exports

Exports from Brazil

In 2021, after two years of decline, there was growth in overseas shipments of tin, when their volume increased by X% to X tonnes. The total export volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tonnes in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, tin exports rose slightly to $X in 2021. Over the period under review, total exports indicated a notable expansion from 2012 to 2021: its value 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. Based on 2021 figures, exports decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tonnes), Germany (X tonnes) and the Netherlands (X tonnes) were the main destinations of tin exports from Brazil, with a combined X% share of total exports. These countries were followed by Argentina, the UK, Portugal and Turkey, which together accounted for a further X 2012 to 2021, the biggest increases were in Portugal (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tin exported from Brazil were the United States ($X), Germany ($X) and the Netherlands ($X), together comprising X% of total exports.

Among the main countries of destination, Germany, with a CAGR of +X%, 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

In 2021, the average tin export price amounted to $X per tonne, increasing by X% against the previous year. Over the period under review, the export price, however, showed a slight shrinkage. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, the average export prices hit record highs at $X per tonne in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, the highest price was recorded for prices to the Netherlands ($X per tonne) and Turkey ($X per tonne), while the average price for exports to Portugal ($X per tonne) and Argentina ($X per tonne) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+X%), while the prices for the other major destinations experienced a decline.

Tin Imports

Imports into Brazil

In 2021, purchases abroad of tin decreased by -X% to X tonnes for the first time since 2015, thus ending a five-year rising trend. Over the period under review, imports faced a precipitous decline. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports reached the maximum at X tonnes in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, tin imports expanded sharply to $X in 2021. Overall, imports saw a precipitous slump. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The UK (X tonnes) and the United States (X tonnes) were the main suppliers of tin imports to Brazil.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +X value terms, the UK ($X) and the United States ($X) were the largest tin suppliers to Brazil.

Among the main suppliers, the UK, with a CAGR of +X%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average tin import price stood at $X per tonne in 2021, surging by X% against the previous year. In general, the import price, however, saw a drastic downturn. The import price peaked at $X per tonne in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per tonne), while the price for the United States amounted to $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-X%).

Source: IndexBox Platform