Eastern Europe: Tin Bar Market 2024

Tin Bar Market Size in Eastern Europe

After three years of decline, the East European tin bar market increased by 39% to $X in 2022. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Tin Bar Production in Eastern Europe

In value terms, tin bar production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2015 when the production volume increased by 312%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

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Tin Bar Exports

Exports in Eastern Europe

For the third year in a row, Eastern Europe recorded decline in overseas shipments of tin bars, rods, profiles and wires, which decreased by -26.3% to X tons in 2022. Overall, exports saw a abrupt descent. The growth pace was the most rapid in 2013 with an increase of 26%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, tin bar exports fell notably to $X in 2022. Over the period under review, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2013 with an increase of 31%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland was the key exporter of tin bars, rods, profiles and wires in Eastern Europe, with the volume of exports recording X tons, which was approx. 60% of total exports in 2022. It was distantly followed by Hungary (X tons) and the Czech Republic (X tons), together making up a 28% share of total exports. Slovakia (X tons), Russia (X tons) and Romania (X tons) took a little share of total exports.

Exports from Poland decreased at an average annual rate of -12.1% from 2012 to 2022. At the same time, Romania (+13.8%) and the Czech Republic (+1.6%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +13.8% from 2012-2022. Russia experienced a relatively flat trend pattern. By contrast, Hungary (-4.8%) and Slovakia (-14.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Czech Republic, Hungary, Romania and Russia increased by +8.7, +6.2, +2.7 and +2 percentage points, respectively.

In value terms, Poland ($X) remains the largest tin bar supplier in Eastern Europe, comprising 60% of total exports. The second position in the ranking was taken by Hungary ($X), with a 17% share of total exports. It was followed by the Czech Republic, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in Poland totaled -9.2%. In the other countries, the average annual rates were as follows: Hungary (-2.5% per year) and the Czech Republic (+1.4% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, with an increase of 15% against the previous year. Export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tin bar export price increased by +68.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 46%. The level of export peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+6.1%), while the other leaders experienced more modest paces of growth.

Tin Bar Imports

Imports in Eastern Europe

Tin bar imports contracted to X tons in 2022, approximately equating the previous year's figure. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 31% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, tin bar imports shrank modestly to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 55% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Romania (X tons), Poland (X tons), the Czech Republic (X tons) and Hungary (X tons) was the major importer of tin bars, rods, profiles and wires in Eastern Europe, comprising 77% of total import. Bulgaria (X tons) took a 6.3% share (based on physical terms) of total imports, which put it in second place, followed by Russia (4.8%). Slovakia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bulgaria (with a CAGR of +8.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Romania ($X) and Hungary ($X) were the countries with the highest levels of imports in 2022, together accounting for 63% of total imports.

Poland, with a CAGR of +7.3%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2021 an increase of 20% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Slovakia ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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