Eastern Europe: Market for Tin Ores And Concentrates 2024

Market Size for Tin Ores And Concentrates in Eastern Europe

In 2022, the East European tin ores and concentrates market decreased by -28.8% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption recorded a deep contraction. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Tin Ores And Concentrates in Eastern Europe

In value terms, tin ores and concentrates production declined sharply to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a moderate expansion. The pace of growth was the most pronounced in 2021 when the production volume increased by 55% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Tin Ores And Concentrates

Exports in Eastern Europe

In 2022, overseas shipments of tin ores and concentrateses increased by 12% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2015 when exports increased by 462%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, tin ores and concentrates exports shrank to $X in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 345%. Over the period under review, the exports hit record highs at $X in 2021, and then contracted in the following year.

Exports by Country

Russia (X tons) represented roughly 99.9% of total exports in 2022.

Russia was also the fastest-growing in terms of the tin ores and concentrateses exports, with a CAGR of +58.8% from 2013 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest tin ores and concentrates supplier in Eastern Europe.

From 2013 to 2022, the average annual rate of growth in terms of value in Russia totaled +65.9%.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, shrinking by -19.5% against the previous year. Export price indicated a pronounced expansion from 2013 to 2022: its price increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tin ores and concentrates export price increased by +24.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by 54% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2013 to 2022, the rate of growth in terms of prices for Russia amounted to +4.4% per year.

Imports of Tin Ores And Concentrates

Imports in Eastern Europe

In 2022, imports of tin ores and concentrateses in Eastern Europe totaled X tons, approximately mirroring 2021. Over the period under review, imports, however, continue to indicate a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of 96%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, tin ores and concentrates imports amounted to $X in 2022. Overall, imports, however, saw a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by 146%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Poland dominates imports structure, reaching X tons, which was near 93% of total imports in 2022. The following importers - Hungary (X tons), Romania (X tons) and the Czech Republic (X tons) - together made up 6.9% of total imports.

From 2012 to 2022, average annual rates of growth with regard to tin ores and concentrates imports into Poland stood at +35.7%. At the same time, Hungary (+212.1%) and the Czech Republic (+113.9%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +212.1% from 2012-2022. By contrast, Romania (-1.7%) illustrated a downward trend over the same period. Poland (+93 p.p.), Hungary (+3.6 p.p.) and the Czech Republic (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported tin ores and concentrateses in Eastern Europe, comprising 78% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 7.8% share of total imports. It was followed by Hungary, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Poland totaled +36.2%. In the other countries, the average annual rates were as follows: the Czech Republic (+128.2% per year) and Hungary (+201.1% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, rising by 2.6% against the previous year. Overall, the import price showed a noticeable increase. The pace of growth appeared the most rapid in 2021 when the import price increased by 63% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :