Indonesia: Tin Market 2022

Tin Market Size in Indonesia

The Indonesian tin market soared to $X in 2021, increasing by X% against the previous year. Overall, consumption posted a strong increase. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Tin Production in Indonesia

In value terms, tin production rose markedly to $X in 2021 estimated in export price. Overall, production, however, saw a pronounced contraction. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Tin production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Tin Exports

Exports from Indonesia

In 2021, shipments abroad of tin increased by X% to X tonnes for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, saw a perceptible slump. The growth pace was the most rapid in 2017 when exports increased by X%. The exports peaked at X tonnes in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, tin exports totaled $X in 2021. Overall, exports, however, recorded a deep downturn. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Singapore (X tonnes) was the main destination for tin exports from Indonesia, accounting for a X% share of total exports. Moreover, tin exports to Singapore exceeded the volume sent to the second major destination, South Korea (X tonnes), twofold. India (X tonnes) ranked third in terms of total exports with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and India (+X% per year).

In value terms, Singapore ($X) remains the key foreign market for tin exports from Indonesia, comprising X% of total exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total exports. It was followed by India, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and India (+X% per year).

Export Prices by Country

In 2021, the average tin export price amounted to $X per tonne, picking up by X% against the previous year. Overall, the export price, however, saw a mild slump. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per tonne in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, the countries with the highest prices were Japan ($X per tonne) and Singapore ($X per tonne), while the average price for exports to the Netherlands ($X per tonne) and the United States ($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 Singapore (-X%), while the prices for the other major destinations experienced a decline.

Tin Imports

Imports into Indonesia

In 2021, after two years of decline, there was significant growth in overseas purchases of tin, when their volume increased by X% to X tonnes. Overall, imports enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X tonnes. From 2019 to 2021, the growth imports failed to regain momentum.

In value terms, tin imports surged to $X in 2021. In general, imports posted a measured expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth imports remained at a somewhat lower figure.

Imports by Country

Japan (X tonnes) and Malaysia (X tonnes) were the main suppliers of tin imports to Indonesia.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +X value terms, Malaysia ($X) and Japan ($X) appeared to be the largest tin suppliers to Indonesia.

In terms of the main suppliers, Malaysia, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average tin import price stood at $X per tonne in 2021, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Malaysia ($X per tonne), while the price for Japan amounted to $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-X%).

Source: IndexBox Platform