minerals market Archives

Tin is a versatile metal widely used in various industries such as electronics, construction, and automotive. Its importance in modern society has made it a highly sought-after commodity, resulting in a significant global trade in tin ores and concentrates. In this article, we will explore the top import markets for tin ores and concentrates, highlighting key statistics and numbers.

Before we delve into the details, it is worth mentioning that the data used in this article is sourced from the IndexBox market intelligence platform, which provides comprehensive and reliable market information for various industries.

1. China

China is by far the world’s largest importer of tin ores and concentrates, with an import value of 2.0 billion USD in 2022. This staggering figure can be attributed to China’s massive manufacturing industry and its significant demand for tin as a raw material. The country’s robust economic growth, coupled with its focus on technological advancements, has fueled the demand for tin in various sectors.

2. Thailand

Thailand secures the second spot on the list, with an import value of 362.9 million USD in 2022. The country’s manufacturing and electronics industries heavily rely on tin ores and concentrates, making it a key player in the global tin import market.

3. Malaysia

Malaysia ranks third in terms of import value, with 117.7 million USD worth of tin ores and concentrates imported in 2022. The country’s strategic location and well-established infrastructure have positioned it as an important trading hub in Southeast Asia, further boosting its import market for tin.

4. United Arab Emirates

The United Arab Emirates (UAE) imports tin ores and concentrates worth 40.5 million USD, making it a significant player in the global market. The UAE’s diversification efforts and its role as a major business destination have contributed to the demand for tin in the country.

5. Myanmar

Myanmar, with an import value of 29.6 million USD in 2022, occupies the fifth spot on the list. The country’s rich tin reserves have made it an important source for tin ores and concentrates, supplementing its domestic production.

6. Hong Kong SAR

Hong Kong SAR imports tin ores and concentrates worth 8.7 million USD, primarily driven by its well-developed manufacturing and trading sectors. The region serves as a gateway to China and international markets, creating demand for tin as a vital raw material.

7. Vietnam

Vietnam is a growing market for tin ores and concentrates, importing products worth 7.1 million USD in 2022. The country’s expanding electronics manufacturing industry and infrastructure development projects contribute to the rising demand for tin.

8. Belgium

Belgium secures the eighth position on the list, with an import value of 5.5 million USD in 2022. The country’s metallurgical industry, along with its role as a major logistics hub in Europe, drives the demand for tin ores and concentrates.

9. Rwanda

Rwanda imports tin ores and concentrates worth 5.4 million USD, underscoring its emerging role in the global tin market. The country’s increasing focus on mining and mineral processing activities has contributed to the demand for tin as a valuable resource.

10. Brazil

Brazil completes the list with an import value of 1.9 million USD in 2022. The country’s manufacturing and construction sectors drive the demand for tin ores and concentrates, creating opportunities for international trade.

In conclusion, the global import market for tin ores and concentrates is heavily influenced by countries with thriving manufacturing, electronics, and infrastructure development sectors. China dominates the market due to its massive industrial base, while other countries like Thailand, Malaysia, and the United Arab Emirates play significant roles in shaping the global trade dynamics. The numbers and statistics provided by the IndexBox market intelligence platform offer valuable insights into the world’s top import markets for tin ores and concentrates.

Source: IndexBox Market Intelligence Platform

IndexBox has just published a new report: ‘Belgium – Copper – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

Belgium’s copper imports spiked by +14.9% y-o-y to $1.5B in 2020. In physical terms, imports rose by +3.2% y-o-y, reaching 175K tonnes. Bulgaria supplies nearly half of the total copper volume imported to Belgium. In 2020, Belgium’s purchases from Bulgaria and Spain recorded significant growth. The average copper import price increased by +11% y-o-y to $8,266 per tonne last year.

Belgium’s Copper Imports by Country

In 2020, approx. 175K tonnes of copper were imported into Belgium, growing by +3.2% compared with the previous year. In value terms, copper imports rose by +14.9% y-o-y to $1.5B (IndexBox estimates) in 2020.

In 2020, Bulgaria (84K tonnes) constituted the largest copper supplier to Belgium, accounting for a 48% share of total imports. Moreover, copper imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Spain (41K tonnes), twofold. Namibia (27K tonnes) ranked third in terms of total imports with a 15% share.

In value terms, Bulgaria ($734M) constituted the largest supplier of copper to Belgium, comprising 51% of total imports. The second position in the ranking was occupied by Namibia ($251M), with a 17% share of total imports, and it was followed by Spain, with a 16% share.

In 2020, the purchases from Bulgaria grew by +48.9% y-o-y in physical terms and by +59.5% y-o-y in value terms. The supplies from Spain rose by +13.8% y-o-y in physical terms and by +26.9% y-o-y in value terms.

In 2020, the average copper import price amounted to $8,266 per tonne, picking up by +11% against the previous year. There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany, while the price for Spain was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other significant suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Best Import Markets for Tin Ores and Concentrates

most viewed today