Northern America: Market for Tin Ores And Concentrates 2024

Market Size for Tin Ores And Concentrates in Northern America

The North American tin ores and concentrates market fell to $X in 2022, waning by -9.5% against the previous year. In general, consumption, however, showed a perceptible descent. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Tin Ores And Concentrates in Northern America

In value terms, tin ores and concentrates production contracted to $X in 2022 estimated in export price. Overall, production recorded a noticeable contraction. The growth pace was the most rapid in 2016 with an increase of 22%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

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Exports of Tin Ores And Concentrates

Exports in Northern America

In 2022, approx. X tons of tin ores and concentrateses were exported in Northern America; reducing by -32.6% against the previous year's figure. In general, exports recorded a slight reduction. The most prominent rate of growth was recorded in 2019 when exports increased by 161% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, tin ores and concentrates exports reduced dramatically to $X in 2022. Over the period under review, exports recorded a pronounced decline. The most prominent rate of growth was recorded in 2019 with an increase of 65%. Over the period under review, the exports attained the maximum at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

In 2022, the United States (X tons), distantly followed by Canada (X tons) represented the major exporters of tin ores and concentrateses, together comprising 100% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Canada (with a CAGR of +41.6%).

In value terms, the United States ($X) remains the largest tin ores and concentrates supplier in Northern America, comprising 83% of total exports. The second position in the ranking was taken by Canada ($X), with a 17% share of total exports.

In the United States, tin ores and concentrates exports shrank by an average annual rate of -5.8% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, shrinking by -11.3% against the previous year. Overall, the export price recorded a perceptible reduction. The most prominent rate of growth was recorded in 2016 when the export price increased by 21% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.0%).

Imports of Tin Ores And Concentrates

Imports in Northern America

In 2022, supplies from abroad of tin ores and concentrateses increased by 209% to X tons, rising for the second year in a row after two years of decline. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 37,946%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, tin ores and concentrates imports soared to $X in 2022. Over the period under review, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2018 when imports increased by 77,407%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) represented the largest importer of tin ores and concentrateses, mixing up 79% of total imports. It was distantly followed by Canada (X tons), mixing up a 20% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of tin ores and concentrateses. At the same time, Canada (+114.4%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +114.4% from 2012-2022. From 2012 to 2022, the share of the United States and Canada increased by +79 and +13 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported tin ores and concentrateses in Northern America, comprising 77% of total imports. The second position in the ranking was held by Canada ($X), with a 22% share of total imports.

In the United States, tin ores and concentrates imports contracted by an average annual rate of -22.3% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, shrinking by -35.7% against the previous year. In general, the import price showed a slight slump. The most prominent rate of growth was recorded in 2018 when the import price increased by 169%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (-8.1%).

Source: IndexBox Platform

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