Thailand: Tin Market 2022

Tin Market Size in Thailand

The Thai tin market fell markedly to $X in 2021, which is down by -X% against the previous year. Overall, consumption showed a abrupt slump. Tin consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Tin Production in Thailand

In value terms, tin production amounted to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Tin Exports

Exports from Thailand

In 2021, after three years of growth, there was significant decline in overseas shipments of tin, when their volume decreased by -X% to X tonnes. In general, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tonnes in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, tin exports soared to $X in 2021. Over the period under review, exports recorded a abrupt decline. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Japan (X tonnes) was the main destination for tin exports from Thailand, with a X% share of total exports. Moreover, tin exports to Japan exceeded the volume sent to the second major destination, the Netherlands (X tonnes), twofold. South Korea (X tonnes) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Japan totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-X% per year) and South Korea (-X% per year).

In value terms, Japan ($X) emerged as the key foreign market for tin exports from Thailand, comprising X% of total exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Japan stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-X% per year) and the Netherlands (-X% per year).

Export Prices by Country

The average tin export price stood at $X per tonne in 2021, jumping by X% against the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2021: its price 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, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Taiwan (Chinese) ($X per tonne), while the average price for exports to Singapore ($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 Spain (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Tin Imports

Imports into Thailand

In 2021, the amount of tin imported into Thailand contracted markedly to X tonnes, falling by -X% against the previous year. In general, imports recorded a precipitous contraction. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports hit record highs at X tonnes in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, tin imports fell significantly to $X in 2021. Over the period under review, imports continue to indicate a sharp decrease. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X tonnes), Indonesia (X tonnes) and China (X tonnes) were the main suppliers of tin imports to Thailand, with a combined X% share of total imports. Hong Kong SAR, the Philippines and Peru lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in Hong Kong SAR (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Indonesia ($X) and China ($X) appeared to be the largest tin suppliers to Thailand, together accounting for X% of total imports. These countries were followed by Hong Kong SAR, the Philippines and Peru, which together accounted for a further X the main suppliers, Hong Kong SAR, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average tin import price amounted to $X per tonne, growing by X% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2021: its price 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, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per tonne), while the price for Malaysia ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform