Ireland: Tin Market 2022

Tin Market Size in Ireland

In 2021, the Irish tin market decreased by -X% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, showed strong growth. Tin consumption peaked at $X in 2020, and then dropped dramatically in the following year.

Tin Production in Ireland

In value terms, tin production reduced modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then declined slightly in the following year.

Tin Exports

Exports from Ireland

In 2021, after two years of decline, there was significant growth in overseas shipments of tin, when their volume increased by X% to X kg. Over the period under review, exports, however, faced a precipitous decline. The exports peaked at X tonnes in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, tin exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a sharp contraction. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X kg) was the main destination for tin exports from Ireland, with a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK was relatively modest.

In value terms, the UK ($X) also remains the key foreign market for tin exports from Ireland.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK stood at -X%.

Export Prices by Country

In 2021, the average tin export price amounted to $X per tonne, flattening at the previous year. In general, the export price, however, recorded a mild decline. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the average export prices hit record highs at $X per tonne in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2021, the rate of growth in terms of prices for the UK amounted to -X% per year.

Tin Imports

Imports into Ireland

For the ninth year in a row, Ireland recorded decline in supplies from abroad of tin, which decreased by -X% to X kg in 2021. In general, imports saw a sharp setback. The smallest decline of -X% was in 2020. Over the period under review, imports attained the peak figure at X tonnes in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, tin imports shrank sharply to $X in 2021. Over the period under review, imports recorded a significant contraction. The smallest decline of -X% was in 2018. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the UK (X kg) constituted the largest supplier of tin to Ireland, accounting for a X% share of total imports. Moreover, tin imports from the UK exceeded the figures recorded by the second-largest supplier, Italy (X kg), fivefold.

From 2012 to 2021, the average annual growth rate of volume from the UK amounted to +X%.

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

From 2012 to 2021, the average annual growth rate of value from the UK stood at -X%.

Import Prices by Country

In 2021, the average tin import price amounted to $X per tonne, which is down by -X% against the previous year. In general, the import price saw a perceptible decline. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. The import price peaked at $X per tonne in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

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

Source: IndexBox Platform