South-Eastern Asia: Tin Bar Market 2024

Tin Bar Market Size in South-Eastern Asia

The Southeast Asian tin bar market amounted to $X in 2022, flattening at the previous year. In general, consumption, however, saw a perceptible reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Tin Bar Production in South-Eastern Asia

In value terms, tin bar production dropped to $X in 2022 estimated in export price. The total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -9.9% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 76%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Tin Bar Exports

Exports in South-Eastern Asia

Tin bar exports amounted to X tons in 2022, growing by 3% compared with the previous year's figure. Overall, exports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2014 with an increase of 18%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, tin bar exports expanded significantly to $X in 2022. Over the period under review, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 65%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand (X tons) and Malaysia (X tons) represented the main exporters of tin bars, rods, profiles and wires in 2022, finishing at near 36% and 32% of total exports, respectively. Indonesia (X tons) took the next position in the ranking, followed by Singapore (X tons). All these countries together took approx. 29% share of total exports. Myanmar (X tons) took a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +2.7%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Thailand ($X), Malaysia ($X) and Singapore ($X) constituted the countries with the highest levels of exports in 2022, with a combined 83% share of total exports. Indonesia and Myanmar lagged somewhat behind, together accounting for a further 16%.

Myanmar, with a CAGR of +789.1%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, rising by 5.2% against the previous year. Export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tin bar export price increased by +58.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by 50%. Over the period under review, the export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+1,379.3%), while the other leaders experienced more modest paces of growth.

Tin Bar Imports

Imports in South-Eastern Asia

In 2022, imports of tin bars, rods, profiles and wires in South-Eastern Asia totaled X tons, growing by 11% compared with 2021. Over the period under review, imports, however, continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2014 with an increase of 109%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, tin bar imports rose to $X in 2022. Overall, imports, however, saw a deep downturn. The growth pace was the most rapid in 2014 with an increase of 120%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Vietnam (X tons) and Malaysia (X tons) dominates imports structure, together committing 79% of total imports. Thailand (X tons) held a 7.7% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (5.2%). The Philippines (X tons) and Indonesia (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of +23.8%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Vietnam ($X), Malaysia ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2022, together comprising 80% of total imports. Singapore, Indonesia and the Philippines lagged somewhat behind, together comprising a further 19%.

In terms of the main importing countries, the Philippines, with a CAGR of +34.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, falling by -7.2% against the previous year. Import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tin bar import price increased by +52.6% against 2017 indices. The pace of growth was the most pronounced in 2021 when the import price increased by 54% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+13.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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