United Kingdom: Tin Market 2022

Tin Market Size in the UK

The UK tin market skyrocketed to $X in 2021, picking up 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). Over the period under review, consumption showed a prominent increase. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in years to come.

Tin Exports

Exports from the UK

In 2021, shipments abroad of tin decreased by -X% to X tonnes, falling for the second year in a row after four years of growth. In general, exports faced a significant curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at X tonnes in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, tin exports fell rapidly to $X in 2021. Over the period under review, exports continue to indicate a precipitous setback. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. 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

The United States (X tonnes) was the main destination for tin exports from the UK, with a X% share of total exports. Moreover, tin exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X tonnes), sixfold. The third position in this ranking was occupied by Egypt (X tonnes), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+X% per year) and Egypt (-X% per year).

In value terms, the United States ($X) emerged as the key foreign market for tin exports from the UK, comprising X% of total exports. The second position in the ranking was occupied by Egypt ($X), with an X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (-X% per year) and France (+X% per year).

Export Prices by Country

The average tin export price stood at $X per tonne in 2021, with an increase of X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was France ($X per tonne), while the average price for exports to Dominica ($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 France (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Tin Imports

Imports into the UK

In 2021, approx. X tonnes of tin were imported into the UK; with a decrease of -X% against the previous year. In general, imports continue to indicate a mild decline. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports hit record highs at X tonnes in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, tin imports soared to $X in 2021. Overall, total imports indicated a pronounced increase from 2012 to 2021: its value decreased 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. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Peru (X tonnes), Indonesia (X tonnes) and Swaziland (X tonnes) were the main suppliers of tin imports to the UK, together comprising X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Swaziland (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tin suppliers to the UK were Peru ($X), Indonesia ($X) and Swaziland ($X), together accounting for X% of total imports.

Among the main suppliers, Swaziland, 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, rising by X% against the previous year. In general, import price indicated moderate 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, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Swaziland ($X per tonne) and Brazil ($X per tonne), while the price for Poland ($X per tonne) and Indonesia ($X per tonne) were amongst the lowest.

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

Source: IndexBox Platform