India: Tin Market 2022

Tin Market Size in India

The Indian tin market was finally on the rise to reach $X in 2021, after two years of decline. In general, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Tin Production in India

In value terms, tin production shrank modestly to $X in 2021 estimated in export price. Overall, production showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Tin production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Tin Exports

Exports from India

In 2021, the amount of tin exported from India soared to X tonnes, jumping by X% against the previous year's figure. Overall, exports, however, saw a abrupt contraction. Over the period under review, the exports hit record highs at X tonnes in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, tin exports surged to $X in 2021. Over the period under review, exports, however, saw a pronounced descent. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tonnes) was the main destination for tin exports from India, with a X% share of total exports. Moreover, tin exports to the United States exceeded the volume sent to the second major destination, Saudi Arabia (X tonnes), twofold. Kenya (X tonnes) ranked third in terms of total exports with an X% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+X% per year) and Kenya (+X% per year).

In value terms, the United States ($X) emerged as the key foreign market for tin exports from India, comprising X% of total exports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of total exports. It was followed by Kenya, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+X% per year) and Kenya (+X% per year).

Export Prices by Country

In 2021, the average tin export price amounted to $X per tonne, surging by X% against the previous year. Overall, export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, tin export price increased by +X% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2021, the highest price was recorded for prices to Nepal ($X per tonne) and the United States ($X per tonne), while the average price for exports to Democratic Republic of the Congo ($X per tonne) and Kenya ($X per tonne) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Tin Imports

Imports into India

After two years of decline, purchases abroad of tin increased by X% to X tonnes in 2021. The total import volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, tin imports surged to $X in 2021. In general, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Indonesia (X tonnes) constituted the largest supplier of tin to India, with a X% share of total imports. Moreover, tin imports from Indonesia exceeded the figures recorded by the second-largest supplier, Singapore (X tonnes), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Indonesia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+X% per year) and Malaysia (-X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of tin to India, comprising X% of total imports. The second position in the ranking was occupied by Singapore ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Indonesia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+X% per year) and Malaysia (-X% per year).

Import Prices by Country

In 2021, the average tin import price amounted to $X per tonne, jumping by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform