Singapore: Tin Market 2022

Tin Market Size in Singapore

The Singaporean tin market soared to $X in 2021, rising by X% against the previous year. Over the period under review, consumption, however, showed a deep slump. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Tin Production in Singapore

In value terms, tin production rose significantly to $X in 2021 estimated in export price. Overall, production showed a abrupt downturn. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Tin Exports

Exports from Singapore

Tin exports from Singapore declined to X tonnes in 2021, waning by -X% against 2020. In general, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports hit record highs at X tonnes in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, tin exports declined slightly to $X in 2021. Overall, exports showed a deep downturn. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tonnes), the Netherlands (X tonnes) and Japan (X tonnes) were the main destinations of tin exports from Singapore, with a combined X% share of total exports. Taiwan (Chinese), the United States, Italy and Malaysia lagged somewhat behind, together comprising a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +X%), while the other leaders experienced a decline.

In value terms, China ($X), the Netherlands ($X) and the United States ($X) constituted the largest markets for tin exported from Singapore worldwide, with a combined X% share of total exports. These countries were followed by Japan, Taiwan (Chinese), Italy and Malaysia, which together accounted for a further X, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average tin export price stood at $X per tonne in 2021, rising by X% against the previous year. Over the period under review, the export price, however, showed a slight downturn. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per tonne in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, the countries with the highest prices were Italy ($X per tonne) and the United States ($X per tonne), while the average price for exports to China ($X per tonne) and Japan ($X per tonne) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-X%), while the prices for the other major destinations experienced a decline.

Tin Imports

Imports into Singapore

In 2021, the amount of tin imported into Singapore soared to X tonnes, with an increase of X% against the previous year's figure. In general, imports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X tonnes. From 2015 to 2021, the growth imports remained at a lower figure.

In value terms, tin imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2021, Indonesia (X tonnes) was the main tin supplier to Singapore, with a X% share of total imports. Moreover, tin imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (X tonnes), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Indonesia amounted to -X%.

In value terms, Indonesia ($X) constituted the largest supplier of tin to Singapore, comprising X% of total imports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Indonesia stood at -X%.

Import Prices by Country

The average tin import price stood at $X per tonne in 2021, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a mild curtailment. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The import price peaked at $X per tonne in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Malaysia ($X per tonne), while the price for Indonesia stood at $X per tonne.

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

Source: IndexBox Platform