United Arab Emirates: Tin Market 2022

Tin Market Size in the United Arab Emirates

The tin market in the United Arab Emirates fell remarkably to $X in 2021, 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, however, continues to indicate a relatively flat trend pattern. Tin consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Tin Exports

Exports from the United Arab Emirates

In 2021, shipments abroad of tin was finally on the rise to reach X tonnes for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports attained the peak of X tonnes. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, tin exports expanded notably to $X in 2021. In general, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Belgium (X tonnes), Iran (X tonnes) and Saudi Arabia (X tonnes) were the main destinations of tin exports from the United Arab Emirates, with a combined X% share of total exports. These countries were followed by Poland, Tanzania, Afghanistan and India, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tanzania (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) remains the key foreign market for tin exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was occupied by Iran ($X), with a X% share of total exports. It was followed by Tanzania, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Belgium stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+X% per year) and Tanzania (+X% per year).

Export Prices by Country

In 2021, the average tin export price amounted to $X per tonne, therefore, remained relatively stable against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by X%. As a result, the export price attained the peak level of $X per tonne. From 2014 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Tanzania ($X per tonne), while the average price for exports to India ($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 Tanzania (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Tin Imports

Imports into the United Arab Emirates

Tin imports into the United Arab Emirates shrank to X tonnes in 2021, waning by -X% on the previous year. Over the period under review, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Imports peaked at X tonnes in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, tin imports contracted to $X in 2021. Overall, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Singapore (X tonnes), Malaysia (X tonnes) and Indonesia (X tonnes) were the main suppliers of tin imports to the United Arab Emirates, together accounting for X% of total imports. These countries were followed by South Korea, China, the UK and Bolivia, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Malaysia ($X) and Indonesia ($X) appeared to be the largest tin suppliers to the United Arab Emirates, together comprising X% of total imports. South Korea, the UK, China and Bolivia lagged somewhat behind, together accounting for a further X terms of the main suppliers, China, with a CAGR of +X%, 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 more modest paces of growth.

Import Prices by Country

The average tin import price stood at $X per tonne in 2021, increasing by X% against the previous year. Overall, the import price, however, saw a mild decrease. The growth pace was the most rapid in 2017 an increase of X%. The import price peaked at $X per tonne in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were the UK ($X per tonne) and Bolivia ($X per tonne), while the price for South Korea ($X per tonne) and Malaysia ($X per tonne) were amongst the lowest.

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

Source: IndexBox Platform