Indonesia: Tin Market 2024

Tin Market Size in Indonesia

After three years of decline, the Indonesian tin market increased by X% to $X in 2022. Over the period under review, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Tin Production in Indonesia

In value terms, tin production dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Tin production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Tin Exports

Exports from Indonesia

In 2022, approx. X tons of tin were exported from Indonesia; waning by X% against the year before. In general, exports continue to indicate a perceptible downturn. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, tin exports shrank slightly to $X in 2022. Over the period under review, exports, however, recorded slight growth. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then dropped modestly in the following year.

Exports by Country

China (X tons), Singapore (X tons) and India (X tons) were the main destinations of tin exports from Indonesia, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tin exported from Indonesia were China ($X), Singapore ($X) and India ($X), together comprising X% of total exports.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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

The average tin export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tin export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Malaysia ($X per ton) and China ($X per ton), while the average price for exports to the United States ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tin Imports

Imports into Indonesia

In 2022, overseas purchases of tin increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports showed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, tin imports soared to $X in 2022. In general, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Singapore (X tons) was the main supplier of tin to Indonesia, accounting for a X% share of total imports. It was followed by Malaysia (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Singapore stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Japan (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from Singapore totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Malaysia (X% per year).

Import Prices by Country

The average tin import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price showed a prominent expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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