Unwrought Tin Alloys Market

The article discusses the expected growth in the global unwrought tin alloys market, with an anticipated increase in consumption and value terms from 2022 to 2030. The market performance is forecasted to show a slight increase, with a projected CAGR of +2.0% for consumption and +4.1% for market value. In 2022, global consumption fell slightly compared to the previous year, while unwrought tin alloys production also decreased. The article provides insights into the top consuming and producing countries, as well as details on imports and exports of unwrought tin alloys. Price trends and growth rates among key countries are also analyzed.

Market Forecast

Driven by rising demand for unwrought tin alloys worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +2.0% for the period from 2022 to 2030, which is projected to bring the market volume to 80K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.1% for the period from 2022 to 2030, which is projected to bring the market value to $1.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Unwrought Tin Alloys

In 2022, global consumption of unwrought tin alloys fell to 69K tons, with a decrease of -6.6% compared with 2021. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak volume of 73K tons, and then dropped in the following year.

The global unwrought tin alloys market revenue declined to $1.1B in 2022, waning by -9.3% 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 recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $1.2B, and then contracted in the following year.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the United States (8.3K tons), Belgium (8K tons) and India (5.7K tons), together accounting for 32% of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Belgium (with a CAGR of +30.5%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest unwrought tin alloys markets worldwide were the United States ($128M), Belgium ($121M) and India ($93M), together accounting for 30% of the global market.

Belgium, with a CAGR of +32.0%, saw the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of unwrought tin alloys per capita consumption was registered in Belgium (688 kg per 1000 persons), followed by Malaysia (58 kg per 1000 persons), France (52 kg per 1000 persons) and Germany (51 kg per 1000 persons), while the world average per capita consumption of unwrought tin alloys was estimated at 8.7 kg per 1000 persons.

In Belgium, unwrought tin alloys per capita consumption expanded at an average annual rate of +30.0% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Malaysia (+4.6% per year) and France (+10.0% per year).

Production

World Production of Unwrought Tin Alloys

Global unwrought tin alloys production shrank to 67K tons in 2022, falling by -5.6% compared with the previous year. Over the period under review, production continues to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2021 when the production volume increased by 30%. Global production peaked at 97K tons in 2012; however, from 2013 to 2022, production remained at a lower figure.

In value terms, unwrought tin alloys production contracted significantly to $1.1B in 2022 estimated in export price. In general, production recorded a noticeable reduction. The most prominent rate of growth was recorded in 2021 with an increase of 58% against the previous year. Over the period under review, global production reached the maximum level at $1.4B in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were the United States (8.1K tons), Spain (6.6K tons) and India (5.8K tons), with a combined 31% share of global production.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +20.2%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Unwrought Tin Alloys

In 2022, approx. 20K tons of unwrought tin alloys were imported worldwide; shrinking by -13% against 2021 figures. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 34%. Over the period under review, global imports hit record highs at 24K tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, unwrought tin alloys imports declined slightly to $439M in 2022. Over the period under review, total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.5% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 92% against the previous year. As a result, imports attained the peak of $445M, and then fell modestly in the following year.

Imports By Country

In 2022, Belgium (8.5K tons) was the main importer of unwrought tin alloys, constituting 43% of total imports. Malaysia (2.8K tons) took a 14% share (based on physical terms) of total imports, which put it in second place, followed by China (4.7%) and Poland (4.5%). The following importers - France (764 tons), the United States (737 tons), the Philippines (572 tons), Spain (341 tons) and Italy (330 tons) - together made up 14% of total imports.

From 2012 to 2022, average annual rates of growth with regard to unwrought tin alloys imports into Belgium stood at +10.5%. At the same time, Poland (+33.1%), the Philippines (+13.7%), Spain (+10.8%), France (+10.6%) and Italy (+1.1%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the world, with a CAGR of +33.1% from 2012-2022. Malaysia experienced a relatively flat trend pattern. By contrast, China (-2.9%) and the United States (-6.9%) illustrated a downward trend over the same period. While the share of Belgium (+27 p.p.), Poland (+4.3 p.p.), France (+2.5 p.p.) and the Philippines (+2.1 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of China (-1.6 p.p.) and the United States (-3.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($137M) constitutes the largest market for imported unwrought tin alloys worldwide, comprising 31% of global imports. The second position in the ranking was held by Malaysia ($51M), with a 12% share of global imports. It was followed by France, with a 6.7% share.

In Belgium, unwrought tin alloys imports increased at an average annual rate of +12.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (+1.8% per year) and France (+16.8% per year).

Import Prices By Country

In 2022, the average unwrought tin alloys import price amounted to $22,301 per ton, surging by 13% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, unwrought tin alloys import price increased by +65.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 43%. Global import price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was France ($38,426 per ton), while Belgium ($16,172 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+13.7%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Unwrought Tin Alloys

In 2022, the amount of unwrought tin alloys exported worldwide contracted to 18K tons, with a decrease of -10.2% against the previous year. In general, exports saw a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 30% against the previous year. Over the period under review, the global exports reached the peak figure at 47K tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, unwrought tin alloys exports fell to $431M in 2022. Overall, exports showed a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by 91%. The global exports peaked at $923M in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports By Country

In 2022, Spain (6.3K tons) was the major exporter of unwrought tin alloys, constituting 35% of total exports. It was distantly followed by Malaysia (1.8K tons), the Philippines (1K tons), Hungary (0.9K tons), Indonesia (0.9K tons) and Germany (0.9K tons), together creating a 30% share of total exports. The following exporters - the United Arab Emirates (633 tons), Canada (561 tons), the United States (539 tons), Belgium (475 tons), Russia (465 tons), South Korea (461 tons) and Japan (429 tons) - together made up 20% of total exports.

From 2012 to 2022, average annual rates of growth with regard to unwrought tin alloys exports from Spain stood at +32.7%. At the same time, Hungary (+37.1%), Russia (+23.6%) and the United Arab Emirates (+1.0%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in the world, with a CAGR of +37.1% from 2012-2022. By contrast, Japan (-1.6%), South Korea (-2.8%), Germany (-4.4%), Canada (-5.6%), Malaysia (-7.3%), Indonesia (-10.9%), the United States (-14.8%), Belgium (-21.0%) and the Philippines (-25.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Spain, Hungary, Russia, the United Arab Emirates, Germany and Malaysia increased by +34, +5.1, +2.4, +2.3, +1.8 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($101M) remains the largest unwrought tin alloys supplier worldwide, comprising 23% of global exports. The second position in the ranking was held by Malaysia ($47M), with an 11% share of global exports. It was followed by the Philippines, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value in Spain stood at +28.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (-3.5% per year) and the Philippines (-22.3% per year).

Export Prices By Country

In 2022, the average unwrought tin alloys export price amounted to $23,647 per ton, increasing by 2.7% against the previous year. Over the period under review, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, unwrought tin alloys export price increased by +54.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 46%. The global export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($38,785 per ton), while Russia ($13,822 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+14.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform