Colombia: Tin Market 2022

Tin Market Size in Colombia

In 2021, the Colombian tin market increased by X% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, recorded a noticeable slump. Tin consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Tin Exports

Exports from Colombia

In 2021, shipments abroad of tin was finally on the rise to reach X kg after six years of decline. Over the period under review, exports, however, continue to indicate a abrupt slump. The exports peaked at X kg in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, tin exports fell to $X in 2021. In general, exports, however, continue to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Venezuela (X kg) was the main destination for tin exports from Colombia, with a X% share of total exports. Moreover, tin exports to Venezuela exceeded the volume sent to the second major destination, Chile (X kg), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Venezuela totaled +X%.

In value terms, the largest markets for tin exported from Colombia were Venezuela ($X) and Chile ($X, with a CAGR of +X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average tin export price stood at $X per tonne in 2021, with a decrease of -X% against the previous year. Overall, the export price, however, posted a resilient increase. The most prominent rate of growth was recorded in 2019 an increase of X%. The export price peaked at $X per tonne in 2020, and then reduced in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Chile ($X per tonne), while the average price for exports to Venezuela stood at $X per tonne.

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

Tin Imports

Imports into Colombia

In 2021, purchases abroad of tin increased by X% to X tonnes for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at X tonnes in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, tin imports stood at $X in 2021. Overall, imports, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Peru (X tonnes), Brazil (X tonnes) and Bolivia (X tonnes) were the main suppliers of tin imports to Colombia, with a combined X% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Peru (with a CAGR of +X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Peru ($X), Brazil ($X) and Bolivia ($X) appeared to be the largest tin suppliers to Colombia, together comprising X% of total imports. Spain lagged somewhat behind, comprising a further X, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average tin import price stood at $X per tonne in 2021, surging by X% against the previous year. Overall, the import price, however, saw a mild reduction. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, average import prices reached the maximum at $X per tonne in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bolivia (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform