EU: Tin Bar Market 2024

Tin Bar Market Size in the EU

In 2022, the EU tin bar market increased by 24% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Tin Bar Production in the EU

In value terms, tin bar production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 28% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Tin Bar Exports

Exports in the EU

In 2022, approx. X tons of tin bars, rods, profiles and wires were exported in the European Union; dropping by -38.5% compared with 2021 figures. In general, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of 21%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, tin bar exports declined remarkably to $X in 2022. Overall, exports saw a pronounced contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 60%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany represented the main exporting country with an export of around X tons, which amounted to 32% of total exports. Poland (X tons) ranks second in terms of the total exports with a 16% share, followed by Spain (11%), Portugal (8.1%), the Netherlands (7.8%) and France (7.8%). Hungary (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to tin bar exports from Germany stood at -3.9%. At the same time, Portugal (+25.6%) and Spain (+9.5%) displayed positive paces of growth. Moreover, Portugal emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +25.6% from 2012-2022. By contrast, Hungary (-4.8%), France (-10.4%), Poland (-12.1%) and the Netherlands (-16.8%) illustrated a downward trend over the same period. While the share of Germany (+11 p.p.), Spain (+8.6 p.p.) and Portugal (+7.7 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of France (-2.6 p.p.), Poland (-10 p.p.) and the Netherlands (-14.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest tin bar supplier in the European Union, comprising 36% of total exports. The second position in the ranking was held by Poland ($X), with a 15% share of total exports. It was followed by France, with an 8.7% share.

In Germany, tin bar exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Poland (-9.2% per year) and France (-5.7% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, surging by 30% against the previous year. Export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.0% 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 +74.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by 34% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Germany ($X per ton) and France ($X per ton), while Spain ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+5.2%), while the other leaders experienced more modest paces of growth.

Tin Bar Imports

Imports in the EU

In 2022, purchases abroad of tin bars, rods, profiles and wires increased by 3.9% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, continue to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2013 when imports increased by 14% 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 reached $X in 2022. Overall, imports, however, continue to indicate a mild contraction. The growth pace was the most rapid in 2021 with an increase of 37%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) and Italy (X tons) were the main importers of tin bars, rods, profiles and wires in the European Union, together comprising 30% of total imports. Romania (X tons) held the next position in the ranking, followed by Poland (X tons), Germany (X tons), France (X tons), the Czech Republic (X tons), Austria (X tons) and Hungary (X tons). All these countries together took near 49% share of total imports. The Netherlands (X tons), Portugal (X tons), Bulgaria (X tons) and Belgium (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +29.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tin bar importing markets in the European Union were Spain ($X), Germany ($X) and Poland ($X), together comprising 34% of total imports. Romania, Italy, Hungary, France, the Czech Republic, Austria, the Netherlands, Portugal, Belgium and Bulgaria lagged somewhat behind, together accounting for a further 54%.

In terms of the main importing countries, Portugal, with a CAGR of +33.4%, saw the highest growth rate of 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

The import price in the European Union stood at $X per ton in 2022, rising by 3% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 32%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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