Italy: Tin Market 2022

Tin Market Size in Italy

The Italian tin market was finally on the rise to reach $X in 2021, after two years of decline. Overall, the total consumption indicated buoyant growth 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 attained the peak level and is likely to continue growth in the immediate term.

Tin Exports

Exports from Italy

Tin exports from Italy declined dramatically to X tonnes in 2021, reducing by -X% compared with the previous year's figure. In general, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at X tonnes in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, tin exports soared to $X in 2021. Over the period under review, exports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Hungary (X tonnes) was the main destination for tin exports from Italy, accounting for a X% share of total exports. Moreover, tin exports to Hungary exceeded the volume sent to the second major destination, Germany (X tonnes), threefold. Slovakia (X tonnes) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Hungary amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Slovakia (+X% per year).

In value terms, Hungary ($X) remains the key foreign market for tin exports from Italy, comprising X% of total exports. The second position in the ranking was occupied by Slovakia ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Hungary amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+X% per year) and Germany (+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. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Slovakia ($X per tonne), while the average price for exports to Spain ($X per tonne) was amongst the lowest.

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

Tin Imports

Imports into Italy

After two years of decline, purchases abroad of tin increased by X% to X tonnes in 2021. In general, total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, tin imports soared to $X in 2021. Over the period under review, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. 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

Malaysia (X tonnes), Indonesia (X tonnes) and the Netherlands (X tonnes) were the main suppliers of tin imports to Italy, with a combined X% share of total imports. Belgium, China, Germany and Spain lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tin suppliers to Italy were Malaysia ($X), Indonesia ($X) and the Netherlands ($X), with a combined X% share of total imports. Belgium, Germany, China and Spain lagged somewhat behind, together accounting for a further X the main suppliers, Spain, with a CAGR of +X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average tin import price stood at $X per tonne in 2021, growing by X% against the previous year. In general, import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from the Netherlands ($X per tonne) and Germany ($X per tonne), while the price for China ($X per tonne) and Malaysia ($X per tonne) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform