U.S.: Unwrought Tin Alloys Market 2024

Unwrought Tin Alloys Market Size in the U.S.

The U.S. unwrought tin alloys market rose sharply to $X in 2023, increasing by X% against the previous year. Overall, the total consumption indicated a tangible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Unwrought Tin Alloys Production in the U.S.

In value terms, unwrought tin alloys production expanded remarkably to $X in 2023. In general, the total production indicated a perceptible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Unwrought Tin Alloys Exports

Exports from the U.S.

In 2023, shipments abroad of unwrought tin alloys was finally on the rise to reach X tons for the first time since 2019, thus ending a three-year declining trend. Over the period under review, exports, however, faced a abrupt descent. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, unwrought tin alloys exports rose to $X in 2023. Overall, exports, however, showed a pronounced shrinkage. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons), Belgium (X tons) and Mexico (X tons) were the main destinations of unwrought tin alloys exports from the United States, together comprising X% of total exports. Poland, Canada, Hong Kong SAR, the Netherlands and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, the largest markets for unwrought tin alloys exported from the United States were Belgium ($X), Mexico ($X) and Poland ($X), with a combined X% share of total exports.

Poland, with a CAGR of X%, 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 mixed trend patterns.

Export Prices by Country

The average unwrought tin alloys export price stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the period under review, the export price, however, recorded prominent growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2022, and then declined significantly in the following year.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Unwrought Tin Alloys Imports

Imports into the U.S.

In 2023, the amount of unwrought tin alloys imported into the United States surged to X tons, jumping by X% against 2022. Over the period under review, imports, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2023, the growth of imports failed to regain momentum.

In value terms, unwrought tin alloys imports surged to $X in 2023. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Peru (X tons), Mexico (X tons) and Canada (X tons) were the main suppliers of unwrought tin alloys imports to the United States, with a combined X% share of total imports. Belgium, Japan, South Korea, Spain and the Netherlands lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest unwrought tin alloys suppliers to the United States were Mexico ($X), Peru ($X) and Canada ($X), with a combined X% share of total imports. Belgium, Spain, Japan, South Korea and the Netherlands lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Belgium, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average unwrought tin alloys import price stood at $X per ton in 2023, approximately equating the previous year. In general, import price indicated a remarkable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, unwrought tin alloys import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices reached the maximum in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform