Czech Republic: Tin Market 2022

Tin Market Size in the Czech Republic

The Czech tin market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption enjoyed strong growth. Tin consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Tin Exports

Exports from the Czech Republic

After two years of decline, overseas shipments of tin increased by X% to X tonnes in 2021. Over the period under review, exports recorded a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, tin exports skyrocketed to $X in 2021. In general, exports showed prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X tonnes) was the main destination for tin exports from the Czech Republic, with a X% share of total exports. Moreover, tin exports to Germany exceeded the volume sent to the second major destination, Slovakia (X tonnes), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-X% per year) and Italy (+X% per year).

In value terms, Slovakia ($X), Germany ($X) and Italy ($X) appeared to be the largest markets for tin exported from the Czech Republic worldwide, with a combined X% share of total exports.

Italy, with a CAGR of +X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination 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, with a decrease of -X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per tonne, and then declined in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Slovakia ($X per tonne), while the average price for exports to Germany ($X per tonne) was amongst the lowest.

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

Tin Imports

Imports into the Czech Republic

In 2021, overseas purchases of tin were finally on the rise to reach X tonnes for the first time since 2018, thus ending a two-year declining trend. Overall, imports recorded resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, tin imports skyrocketed to $X in 2021. In general, imports posted a pronounced increase. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Luxembourg (X tonnes) constituted the largest supplier of tin to the Czech Republic, accounting for a X% share of total imports. Moreover, tin imports from Luxembourg exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), fourfold. The third position in this ranking was occupied by Poland (X tonnes), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Luxembourg was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Poland (+X% per year).

In value terms, the Netherlands ($X), Germany ($X) and Poland ($X) appeared to be the largest tin suppliers to the Czech Republic, with a combined X% share of total imports. These countries were followed by Luxembourg, Belgium and Switzerland, which together accounted for a further X terms of the main suppliers, Switzerland, with a CAGR of +X%, saw the highest rates of growth with regard to 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

In 2021, the average tin import price amounted to $X per tonne, waning by -X% against the previous year. In general, the import price continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, average import prices hit record highs at $X per tonne in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

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

Source: IndexBox Platform