Sweden: Tin Market Overview 2021

Tin Market Size in Sweden

The Swedish tin market declined rapidly to $X in 2020, waning by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2007; however, from 2008 to 2020, consumption failed to regain the momentum.

Tin Exports

Exports from Sweden

In 2020, shipments abroad of tin decreased by -X% to X tonnes, falling for the sixth year in a row after two years of growth. Over the period under review, exports saw a dramatic descent. The growth pace was the most rapid in 2013 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, tin exports fell significantly to $X in 2020. In general, exports showed a sharp descent. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at $X in 2008; however, from 2009 to 2020, exports remained at a lower figure.

Exports by Country

Albania (X tonnes) was the main destination for tin exports from Sweden, with a X% share of total exports. Moreover, tin exports to Albania exceeded the volume sent to the second major destination, Portugal (X kg), more than tenfold. The third position in this ranking was occupied by Norway (X kg), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Albania totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (-X% per year) and Norway (-X% per year).

In value terms, the largest markets for tin exported from Sweden were Portugal ($X), Norway ($X) and Albania ($X), with a combined X% share of total exports. These countries were followed by the U.S., Switzerland and Canada, which together accounted for a further X terms of the main countries of destination, Canada 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

The average tin export price stood at $X per tonne in 2020, shrinking by -X% against the previous year. Over the period under review, the export price showed a deep reduction. The pace of growth was the most pronounced in 2010 an increase of X% y-o-y. The export price peaked at $X per tonne in 2011; however, from 2012 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per tonne), while the average price for exports to Albania ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Norway, while the prices for the other major destinations experienced more modest paces of growth.

Tin Imports

Imports into Sweden

Tin imports into Sweden shrank dramatically to X tonnes in 2020, falling by -X% compared with 2019. Over the period under review, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2019 with an increase of X% y-o-y. Imports peaked at X tonnes in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, tin imports fell rapidly to $X in 2020. In general, imports continue to indicate a deep reduction. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Denmark (X tonnes) constituted the largest tin supplier to Sweden, with a X% share of total imports. Moreover, tin imports from Denmark exceeded the figures recorded by the second-largest supplier, Poland (X tonnes), eightfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Denmark amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Belgium (-X% per year).

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

From 2007 to 2020, the average annual growth rate of value from Denmark stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Belgium (-X% per year).

Import Prices by Country

The average tin import price stood at $X per tonne in 2020, declining by -X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per tonne in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was Belgium ($X per tonne), while the price for Denmark ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tin in the world?

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The country with the largest volume of tin consumption was China (181K tonnes), comprising approx. 49% of total volume. Moreover, tin consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (30K tonnes), sixfold. Japan (20K tonnes) ranked third in terms of total consumption with a 5.3% share.

What are the largest producers of tin in the world?

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China (168K tonnes) constituted the country with the largest volume of tin production, comprising approx. 45% of total volume. Moreover, tin production in China exceeded the figures recorded by the second-largest producer, Indonesia (70K tonnes), twofold. The third position in this ranking was occupied by Peru (26K tonnes), with a 7% share.

What are the leading suppliers of tin to Sweden?

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In value terms, Denmark ($765K) constituted the largest supplier of tin to Sweden, comprising 82% of total imports. The second position in the ranking was occupied by Poland ($117K), with a 13% share of total imports.

What are the leading importers of tin from Sweden?

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In value terms, Portugal ($4.8K), Norway ($4.7K) and Albania ($2.8K) were the largest markets for tin exported from Sweden worldwide, together accounting for 66% of total exports. These countries were followed by the U.S., Switzerland and Canada, which together accounted for a further 31%.

What is the average export price for tin in Sweden?

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In 2020, the average tin export price amounted to $4,813 per tonne, with a decrease of -76.7% against the previous year.

What is the average import price for tin in Sweden?

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The average tin import price stood at $19,841 per tonne in 2020, shrinking by -7.6% against the previous year.