South Africa: Market for Tin Ores And Concentrates 2024

Market Size for Tin Ores And Concentrates in South Africa

After three years of growth, the South African tin ores and concentrates market decreased by -37.4% to $X in 2022. In general, consumption, however, saw a prominent expansion. Tin ores and concentrates consumption peaked at $X in 2021, and then dropped significantly in the following year.

Production of Tin Ores And Concentrates in South Africa

In value terms, tin ores and concentrates production soared to $X in 2022 estimated in export price. In general, production posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 465%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Tin Ores And Concentrates

Exports from South Africa

In 2022, shipments abroad of tin ores and concentrateses decreased by -99% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, exports continue to indicate a sharp curtailment. The growth pace was the most rapid in 2017 with an increase of 6,743%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, tin ores and concentrates exports declined notably to $X in 2022. Overall, exports recorded a dramatic contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 4,304% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Namibia (X kg) was the main destination for tin ores and concentrates exports from South Africa, accounting for a 55% share of total exports. Moreover, tin ores and concentrates exports to Namibia exceeded the volume sent to the second major destination, Mozambique (X kg), fivefold. Democratic Republic of the Congo (X kg) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Namibia stood at +26.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+62.2% per year) and Democratic Republic of the Congo (-20.1% per year).

In value terms, Zambia ($X), Namibia ($X) and Democratic Republic of the Congo ($X) were the largest markets for tin ores and concentrates exported from South Africa worldwide, with a combined 75% share of total exports. These countries were followed by Mozambique, Swaziland, Australia and the United States, which together accounted for a further 23%.

Swaziland, with a CAGR of +77.3%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average tin ores and concentrates export price stood at $X per ton in 2022, with an increase of 52% against the previous year. Overall, the export price, however, saw a abrupt decline. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Swaziland ($X per ton), while the average price for exports to Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Swaziland (+21.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tin Ores And Concentrates

Imports into South Africa

In 2022, approx. X tons of tin ores and concentrateses were imported into South Africa; declining by -99.4% compared with the previous year. In general, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2021 when imports increased by 175,170%. As a result, imports reached the peak of X tons, and then reduced rapidly in the following year.

In value terms, tin ores and concentrates imports declined remarkably to $X in 2022. Overall, imports saw a sharp decrease. The growth pace was the most rapid in 2021 when imports increased by 231,234%. As a result, imports reached the peak of $X, and then dropped markedly in the following year.

Imports by Country

In 2022, Germany (X tons) was the main tin ores and concentrates supplier to South Africa, with a 100% share of total imports. It was followed by the United States (X kg), with a 0.1% share of total imports.

From 2013 to 2022, the average annual growth rate of volume from Germany was relatively modest.

In value terms, Germany ($X) constituted the largest supplier of tin ores and concentrateses to South Africa, comprising 99% of total imports. The second position in the ranking was taken by the United States ($X), with a 0.5% share of total imports.

From 2013 to 2022, the average annual growth rate of value from Germany was relatively modest.

Import Prices by Country

In 2022, the average tin ores and concentrates import price amounted to $X per ton, shrinking by -73.4% against the previous year. Over the period under review, the import price recorded a significant contraction. The growth pace was the most rapid in 2014 an increase of 83%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Germany stood at $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Zimbabwe (-4.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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