Thailand - Tin - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTin Price in Thailand - 2023
Contents:
- Tin Price in Thailand (FOB) - 2023
- Tin Price in Thailand (CIF) - 2023
- Tin Exports in Thailand
- Tin Imports in Thailand
Tin Price in Thailand (FOB) - 2023
The average tin export price stood at $26,461 per ton in September 2023, declining by -4.2% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.0%. The growth pace was the most rapid in January 2023 when the average export price increased by 19% month-to-month. Over the period under review, the average export prices attained the peak figure at $28,672 per ton in July 2023; however, from August 2023 to September 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In September 2023, the highest price was recorded for prices to Taiwan (Chinese) ($28,089 per ton) and Belgium ($26,891 per ton), while the average price for exports to China ($26,114 per ton) and Italy ($26,235 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.
Tin Price in Thailand (CIF) - 2023
The average tin import price stood at $23,760 per ton in September 2023, dropping by -19.2% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 an increase of 14% m-o-m. As a result, import price reached the peak level of $29,537 per ton. From March 2023 to September 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($37,005 per ton), while the price for Indonesia ($23,276 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Tin Exports in Thailand
In 2022, shipments abroad of tin decreased by -29.8% to 4.5K tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2020 with an increase of 14% against the previous year. As a result, the exports reached the peak of 7K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, tin exports contracted rapidly to $125M in 2022. Overall, exports, however, posted moderate growth. The most prominent rate of growth was recorded in 2021 when exports increased by 69%. As a result, the exports reached the peak of $202M, and then fell dramatically in the following year.
| Export of Tin in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 42.2 | 22.0 | 75.1 | 35.4 | -5.7% |
| Netherlands | 17.7 | 25.2 | 31.0 | 27.2 | 15.4% |
| South Korea | 7.5 | 17.3 | 31.5 | 26.2 | 51.7% |
| Taiwan (Chinese) | 6.6 | 13.5 | 21.8 | 11.1 | 18.9% |
| Bangladesh | 4.6 | 0.2 | N/A | 8.0 | 20.3% |
| Belgium | 3.0 | 8.7 | 8.3 | 7.4 | 35.1% |
| United States | 10.0 | 2.7 | 8.4 | 3.6 | -28.9% |
| Spain | 16.4 | 13.6 | 8.5 | N/A | -28.0% |
| Others | 6.3 | 16.3 | 17.0 | 6.5 | 1.0% |
| Total | 114 | 120 | 202 | 125 | 3.1% |
Top Export Markets for Tin from Thailand in 2022:
- Japan (1253.1 tons)
- Netherlands (989.7 tons)
- South Korea (925.3 tons)
- Taiwan (Chinese) (399.7 tons)
- Belgium (288.6 tons)
- Bangladesh (264.2 tons)
- United States (180.2 tons)
Tin Imports in Thailand
In 2022, overseas purchases of tin were finally on the rise to reach 1.7K tons after two years of decline. In general, imports, however, faced a sharp setback.
In value terms, tin imports soared to $41M in 2022. Over the period under review, imports, however, showed a deep downturn.
| Import of Tin in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 44.7 | 44.8 | 9.0 | 21.0 | -22.3% |
| Philippines | N/A | N/A | 1.6 | 7.2 | 350.0% |
| Indonesia | 14.8 | 11.9 | 6.7 | 6.9 | -22.5% |
| China | 3.8 | 0.7 | 5.1 | 3.9 | 0.9% |
| Japan | 1.9 | 0.6 | 0.3 | 1.1 | -16.7% |
| Others | 1.6 | 1.2 | 3.3 | 0.9 | -17.5% |
| Total | 66.7 | 59.2 | 25.9 | 40.9 | -15.0% |
Top Suppliers of Tin to Thailand in 2022:
- Malaysia (1055.9 tons)
- Philippines (238.4 tons)
- Indonesia (237.3 tons)
- China (136.0 tons)
- Japan (34.3 tons)
This report provides an in-depth analysis of the tin market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24431330 - Unwrought non-alloy tin (excluding tin powders and flakes)
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the tin market in Thailand.
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This report provides an in-depth analysis of the unwrought tin alloys market in Thailand.
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This report provides an in-depth analysis of the global tin market.
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This report provides an in-depth analysis of the global unwrought tin alloys market.
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This report provides an in-depth analysis of the tin market in Thailand.
376
This report provides an in-depth analysis of the unwrought tin alloys market in Thailand.
2937
This report provides an in-depth analysis of the global tin market.
1224
This report provides an in-depth analysis of the global unwrought tin alloys market.
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The tin industry experienced its most rapid growth in June 2023, with a remarkable month-on-month increase of 302%. However, the value of tin exports plummeted to $9.6M in July 2023.
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Explore the top import markets for tin in 2023 with insights from IndexBox platform data. Discover key statistics and trends in the global tin market.
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Tin prices peaked at $39,159 per ton in November 2021, soaring by 79% from the beginning of that year. The spike was driven by a shortage resulting from sharply heightened demand from the electronics sector, where tin is used for circuit board manufacturing, while the total volume of metal production was insufficient. According to October World Bank’s forecast, the average annual tin price should drop from an expected $31,250 per ton in 2021 to $31,000 per ton in 2022.
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Tin prices rose to record levels in response to high demand from the electronics industry and a severe supply shortage on the market. The deficit has been driven on by pandemic-related decreases in mining output in 2020, the shipping container crisis and a drop in exports due to supply-chain disruptions. Prices are forecast to fall only in 2022 thanks to ramped-up mining output and supply and demand returning to equilibrium.
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In value terms, unwrought tin imports amounted to $X in 2016. In general, unwrought tin imports conunwrought tinue to indicate a mild descent. Global unwrought tin import peaked of $X in 2011; h...
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In value terms, tin articles imports amounted to $X in 2016. In general, tin articles imports contin articlesue to indicate a relatively flat trend pattern. Over the period under review, global tin...
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In value terms, unwrought tin exports totaled $X in 2016. In general, unwrought tin exports conunwrought tinue to indicate a relatively flat trend pattern. Global unwrought tin export peaked of $X>
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In value terms, tin articles exports totaled $X in 2016. Overall, tin articles exports contin articlesue to indicate a relatively flat trend pattern. In that year, global tin articles exports attai...
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Global tin exports have been on a steady decline since 2012, amounting to X million USD in 2015. Before that export values fluctuated from year to year. According to IndexBox estimates, Indonesia's exports continued to dominate the global tin marke
194
The tin industry experienced its most rapid growth in June 2023, with a remarkable month-on-month increase of 302%. However, the value of tin exports plummeted to $9.6M in July 2023.
