Southern Asia: Tin Market 2022

Tin Market Size in Southern Asia

In 2021, the South Asian tin market increased by X% to $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated a prominent increase from 2012 to 2021: its value 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, consumption reached the peak level and is likely to continue growth in the immediate term.

Tin Production in Southern Asia

In value terms, tin production fell modestly to $X in 2021 estimated in export price. Overall, production faced a deep downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Production By Country in Southern Asia

India (X tonnes) remains the largest tin producing country in Southern Asia, comprising approx. X% of total volume.

From 2012 to 2021, the average annual growth rate of volume in India stood at -X%.

Tin Exports

Exports in Southern Asia

In 2021, the amount of tin exported in Southern Asia surged to X tonnes, picking up by X% on 2020. Over the period under review, exports, however, showed a drastic downturn. Over the period under review, the exports attained the maximum at X tonnes in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, tin exports soared to $X in 2021. Overall, exports, however, saw a perceptible downturn. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from India (X tonnes), together reaching X% of total export.

India was also the fastest-growing in terms of the tin exports, with a CAGR of -X% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest tin supplier in Southern Asia.

In India, tin exports declined by an average annual rate of -X% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per tonne, rising by X% against the previous year. Export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +X% per year.

Tin Imports

Imports in Southern Asia

In 2021, overseas purchases of tin were finally on the rise to reach X tonnes for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, tin imports surged to $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India dominates imports structure, accounting for X tonnes, which was near X% of total imports in 2021. The following importers - Pakistan (X tonnes) and Bangladesh (X tonnes) - together made up X% of total imports.

Imports into India increased at an average annual rate of +X% from 2012 to 2021. At the same time, Bangladesh (+X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +X% from 2012-2021. By contrast, Pakistan (-X%) illustrated a downward trend over the same period. While the share of India (+X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Pakistan (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported tin in Southern Asia, comprising X% of total imports. The second position in the ranking was occupied by Pakistan ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value in India stood at +X%. In the other countries, the average annual rates were as follows: Pakistan (+X% per year) and Bangladesh (+X% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per tonne, with an increase of X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was India ($X per tonne), while Bangladesh ($X per tonne) was amongst the lowest.

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

Source: IndexBox Platform