Pakistan: Tin Market 2022

Tin Market Size in Pakistan

In 2021, the Pakistani tin market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, saw a buoyant expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Tin Exports

Exports from Pakistan

In 2021, approx. less than X kg of tin were exported from Pakistan; declining by -X% on 2020 figures. In general, exports, however, posted significant growth. The exports peaked at X tonnes in 2020, and then contracted markedly in the following year.

In value terms, tin exports fell dramatically to less than $X in 2021. Overall, exports, however, enjoyed significant growth. Over the period under review, the exports hit record highs at $X in 2020, and then dropped sharply in the following year.

Exports by Country

Hong Kong SAR (X tonnes) was the main destination for tin exports from Pakistan, accounting for a approx. X% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Hong Kong SAR was relatively modest.

From 2012 to 2020, the average annual growth rate of value to Hong Kong SAR was relatively modest.

Export Prices by Country

The average tin export price stood at $X per tonne in 2020, therefore, remained relatively stable against the previous year. Overall, the export price recorded a abrupt decline. As a result, the export price attained the peak level of $X per tonne. From 2016 to 2020, the the average export prices remained at a lower figure.

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

From 2012 to 2020, the rate of growth in terms of prices for Hong Kong SAR amounted to X% per year.

Tin Imports

Imports into Pakistan

In 2021, overseas purchases of tin were finally on the rise to reach X tonnes for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, continue to indicate a slight decline. The pace of growth appeared the most rapid in 2018 with an increase of X%. Imports peaked at X tonnes in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, tin imports skyrocketed to $X in 2021. Over the period under review, imports, however, posted a strong expansion. The growth pace was the most rapid in 2014 when imports increased by X%. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

Malaysia (X tonnes), Indonesia (X tonnes) and Thailand (X tonnes) were the main suppliers of tin imports to Pakistan, with a combined X% share of total imports.

From 2012 to 2021, the biggest increases were in Indonesia (with a CAGR of +X%), while purchases for the other leaders experienced a decline.

In value terms, Malaysia ($X), Indonesia ($X) and Thailand ($X) constituted the largest tin suppliers to Pakistan, with a combined X% share of total imports.

Among the main suppliers, Indonesia, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average tin import price stood at $X per tonne in 2021, rising by X% against the previous year. Over the period under review, the import price enjoyed resilient growth. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Thailand ($X per tonne), while the price for Indonesia ($X per tonne) was amongst the lowest.

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

Source: IndexBox Platform