Middle East: Tin Market 2022

Tin Market Size in the Middle East

In 2021, the Middle Eastern tin market increased by X% to $X, rising for the seventh year in a row after two years of decline. Over the period under review, consumption posted a resilient expansion. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Tin Production in the Middle East

In value terms, tin production contracted to $X in 2021 estimated in export price. Overall, production, however, saw significant growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2020, and then dropped in the following year.

Production By Country in the Middle East

The country with the largest volume of tin production was Saudi Arabia (X tonnes), comprising approx. X% of total volume.

From 2012 to 2021, the average annual growth rate of volume in Saudi Arabia amounted to +X%.

Tin Exports

Exports in the Middle East

In 2021, tin exports in the Middle East expanded to X tonnes, with an increase of X% against 2020 figures. Over the period under review, exports showed a buoyant increase. The pace of growth was the most pronounced in 2017 when exports increased by X%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, tin exports soared to $X in 2021. Overall, exports recorded a strong increase. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

In 2021, the United Arab Emirates (X tonnes) represented the key exporter of tin, committing X% of total exports. It was distantly followed by Turkey (X tonnes), committing a X% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Turkey (with a CAGR of +X value terms, the largest tin supplying countries in the Middle East were the United Arab Emirates ($X) and Turkey ($X the main exporting countries, Turkey, with a CAGR of +X%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in the Middle East stood at $X per tonne in 2021, growing by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Turkey ($X per tonne), while the United Arab Emirates stood at $X per tonne.

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

Tin Imports

Imports in the Middle East

In 2021, the amount of tin imported in the Middle East stood at X tonnes, surging by X% on the previous year's figure. Over the period under review, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, tin imports soared to $X in 2021. In general, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

Turkey was the main importer of tin in the Middle East, with the volume of imports amounting to X tonnes, which was near X% of total imports in 2021. Iran (X tonnes) ranks second in terms of the total imports with a X% share, followed by the United Arab Emirates (X%).

Turkey was also the fastest-growing in terms of the tin imports, with a CAGR of +X% from 2012 to 2021. At the same time, the United Arab Emirates (+X%) and Iran (+X%) displayed positive paces of growth. Turkey (+X p.p.) significantly strengthened its position in terms of the total imports, while Iran saw its share reduced by -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported tin in the Middle East, comprising X% of total imports. The second position in the ranking was occupied by Iran ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: Iran (+X% per year) and the United Arab Emirates (+X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per tonne in 2021, picking up by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Turkey ($X per tonne), while the United Arab Emirates ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform