Romania: Tin Market 2022

Tin Market Size in Romania

The Romanian tin market soared to $X in 2021, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a significant expansion. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the immediate term.

Tin Exports

Exports from Romania

After three years of decline, overseas shipments of tin increased by X% to X tonnes in 2021. Over the period under review, exports, however, recorded a abrupt slump. Over the period under review, the exports hit record highs at X tonnes in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, tin exports surged to $X in 2021. Overall, exports, however, showed a deep downturn. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X tonnes) was the main destination for tin exports from Romania, with a X% share of total exports. Moreover, tin exports to the UK exceeded the volume sent to the second major destination, Germany (X kg), more than tenfold.

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 ($X) emerged as the key foreign market for tin exports from Romania, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports.

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

Export Prices by Country

In 2021, the average tin export price amounted to $X per tonne, surging by X% against the previous year. Overall, the export price showed a perceptible expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

Average prices varied somewhat for the major export markets. In 2021, the country with the highest price was the UK ($X per tonne), while the average price for exports to Germany amounted to $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%).

Tin Imports

Imports into Romania

In 2021, approx. X tonnes of tin were imported into Romania; increasing by X% against the previous year. Overall, imports showed a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, tin imports surged to $X in 2021. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tonnes), the Netherlands (X tonnes) and Bulgaria (X tonnes) were the main suppliers of tin imports to Romania, with a combined X% share of total imports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tin suppliers to Romania were China ($X), the Netherlands ($X) and Bulgaria ($X), with a combined X% share of total imports.

China, with a CAGR of +X%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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, rising by X% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2021: its price 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, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($X per tonne), while the price for Belgium ($X per tonne) was amongst the lowest.

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

Source: IndexBox Platform