Benelux: Tin Bar Market 2024

Tin Bar Market Size in Benelux

In 2022, the Benelux tin bar market increased by 27% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption recorded resilient growth. The level of consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Tin Bar Production in Benelux

In value terms, tin bar production dropped to $X in 2022 estimated in export price. Overall, production recorded a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the production volume increased by 33%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Tin Bar Exports

Exports in Benelux

In 2022, the amount of tin bars, rods, profiles and wires exported in Benelux declined sharply to X tons, reducing by -81.7% compared with the year before. In general, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2021 when exports increased by 440%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, tin bar exports dropped remarkably to $X in 2022. Overall, exports showed a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 510% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands represented the major exporter of tin bars, rods, profiles and wires in Benelux, with the volume of exports amounting to X tons, which was approx. 75% of total exports in 2022. It was distantly followed by Belgium (X tons), committing a 25% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to tin bar exports from the Netherlands stood at -16.8%. Belgium (-1.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belgium increased by +19 percentage points.

In value terms, the Netherlands ($X) remains the largest tin bar supplier in Benelux, comprising 77% of total exports. The second position in the ranking was held by Belgium ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands amounted to -16.1%.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, increasing by 37% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 41%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.7%).

Tin Bar Imports

Imports in Benelux

In 2022, after three years of decline, there was significant growth in purchases abroad of tin bars, rods, profiles and wires, when their volume increased by 95% to X tons. Over the period under review, imports, however, showed a perceptible downturn. The pace of growth was the most pronounced in 2014 with an increase of 519%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, tin bar imports surged to $X in 2022. In general, imports, however, continue to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2014 when imports increased by 464%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The Netherlands was the largest importing country with an import of around X tons, which recorded 66% of total imports. It was distantly followed by Belgium (X tons), achieving a 31% share of total imports. Luxembourg (X tons) followed a long way behind the leaders.

Imports into the Netherlands increased at an average annual rate of +20.7% from 2012 to 2022. At the same time, Luxembourg (+28.4%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer imported in Benelux, with a CAGR of +28.4% from 2012-2022. By contrast, Belgium (-13.3%) illustrated a downward trend over the same period. The Netherlands (+59 p.p.) and Luxembourg (+2.6 p.p.) significantly strengthened its position in terms of the total imports, while Belgium saw its share reduced by -61.6% from 2012 to 2022, respectively.

In value terms, the largest tin bar importing markets in Benelux were the Netherlands ($X), Belgium ($X) and Luxembourg ($X).

In terms of the main importing countries, Luxembourg, with a CAGR of +29.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, dropping by -28.3% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by 113% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted remarkably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :