South Africa: Tin Market 2022

Tin Market Size in South Africa

The South African tin market was finally on the rise to reach $X in 2021, after four years of decline. Over the period under review, consumption, however, recorded a drastic downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Tin Exports

Exports from South Africa

In 2021, the amount of tin exported from South Africa skyrocketed to X tonnes, with an increase of X% compared with 2020 figures. Overall, exports showed a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The exports peaked at X tonnes in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, tin exports skyrocketed to $X in 2021. In general, exports showed buoyant growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Democratic Republic of the Congo (X tonnes), Zambia (X tonnes) and Zimbabwe (X tonnes) were the main destinations of tin exports from South Africa, with a combined X% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Democratic Republic of the Congo (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tin exported from South Africa were Democratic Republic of the Congo ($X), Zambia ($X) and Zimbabwe ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Democratic Republic of the Congo, with a CAGR of +X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average tin export price amounted to $X per tonne, approximately reflecting the previous year. Overall, the export price continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Sri Lanka ($X per tonne), while the average price for exports to Democratic Republic of the Congo ($X per tonne) was amongst the lowest.

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

Tin Imports

Imports into South Africa

In 2021, after six years of decline, there was significant growth in overseas purchases of tin, when their volume increased by X% to X tonnes. In general, imports, however, faced a abrupt setback. Imports peaked at X tonnes in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, tin imports soared to $X in 2021. Overall, imports, however, faced a drastic downturn. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Malaysia (X tonnes) constituted the largest tin supplier to South Africa, with a X% share of total imports. Moreover, tin imports from Malaysia exceeded the figures recorded by the second-largest supplier, Singapore (X tonnes), fourfold.

From 2012 to 2021, the average annual growth rate of volume from Malaysia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-X% per year) and China (+X% per year).

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

From 2012 to 2021, the average annual rate of growth in terms of value from Malaysia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-X% per year) and China (+X% per year).

Import Prices by Country

In 2021, the average tin import price amounted to $X per tonne, rising by X% against the previous year. In general, the import price, however, saw a mild decrease. The pace of growth appeared the most rapid in 2016 an increase of X%. The import price peaked at $X per tonne in 2013; however, from 2014 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 ($X per tonne), while the price for China ($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 a decline.

Source: IndexBox Platform