Indonesia: Market for Tin Ores And Concentrates 2024

Market Size for Tin Ores And Concentrates in Indonesia

In 2022, the Indonesian tin ores and concentrates market decreased by -6.6% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption continues to indicate a pronounced slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Tin Ores And Concentrates in Indonesia

In value terms, tin ores and concentrates production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a noticeable shrinkage. The growth pace was the most rapid in 2020 with an increase of 33% against the previous year. Tin ores and concentrates production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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Exports of Tin Ores And Concentrates

Exports from Indonesia

In 2022, the amount of tin ores and concentrateses exported from Indonesia surged to X tons, picking up by 237% on 2021. Overall, exports saw a pronounced increase. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, tin ores and concentrates exports surged to $X in 2022. In general, exports, however, showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 315%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) was the main destination for tin ores and concentrates exports from Indonesia, accounting for a 79% share of total exports. Moreover, tin ores and concentrates exports to Malaysia exceeded the volume sent to the second major destination, China (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Malaysia stood at +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+18.2% per year) and Singapore (-5.2% per year).

In value terms, Malaysia ($X) remains the key foreign market for tin ores and concentrateses exports from Indonesia, comprising 75% of total exports. The second position in the ranking was taken by Singapore ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia amounted to -3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-6.5% per year) and China (+34.1% per year).

Export Prices by Country

The average tin ores and concentrates export price stood at $X per ton in 2022, reducing by -16.1% against the previous year. Overall, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 an increase of 64% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+13.5%), while the prices for the other major destinations experienced a decline.

Imports of Tin Ores And Concentrates

Imports into Indonesia

In 2022, tin ores and concentrates imports into Indonesia surged to X tons, with an increase of 469% on 2021 figures. Overall, imports, however, continue to indicate a abrupt descent. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, tin ores and concentrates imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a deep setback. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Australia (X tons) constituted the largest supplier of tin ores and concentrates to Indonesia, with a 85% share of total imports. Moreover, tin ores and concentrates imports from Australia exceeded the figures recorded by the second-largest supplier, Singapore (X tons), ninefold. Taiwan (Chinese) (X kg) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Australia stood at +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+38.3% per year) and Taiwan (Chinese) (+12.1% per year).

In value terms, Australia ($X) constituted the largest supplier of tin ores and concentrateses to Indonesia, comprising 71% of total imports. The second position in the ranking was held by Singapore ($X), with a 10% share of total imports. It was followed by Taiwan (Chinese), with a 9.5% share.

From 2012 to 2022, the average annual growth rate of value from Australia amounted to +13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+1.4% per year) and Taiwan (Chinese) (-15.9% per year).

Import Prices by Country

In 2022, the average tin ores and concentrates import price amounted to $X per ton, with a decrease of -11.7% against the previous year. In general, the import price showed a mild reduction. The growth pace was the most rapid in 2021 when the average import price increased by 15%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+11.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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