MERCOSUR: Tin Bar Market 2024

Tin Bar Market Size in MERCOSUR

The MERCOSUR tin bar market reduced to $X in 2022, falling by -7.1% against the previous year. In general, consumption saw a abrupt setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Tin Bar Production in MERCOSUR

In value terms, tin bar production fell slightly to $X in 2022 estimated in export price. In general, production recorded a deep reduction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 30% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Tin Bar Exports

Exports in MERCOSUR

In 2022, shipments abroad of tin bars, rods, profiles and wires increased by 37% to X tons, rising for the second year in a row after three years of decline. Total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +157.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 88%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, tin bar exports soared to $X in 2022. In general, exports showed a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 249% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Brazil dominates exports structure, finishing at X tons, which was approx. 98% of total exports in 2022. Chile (X tons) followed a long way behind the leaders.

Brazil was also the fastest-growing in terms of the tin bars, rods, profiles and wires exports, with a CAGR of +6.7% from 2012 to 2022. At the same time, Chile (+2.7%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest tin bar supplier in MERCOSUR, comprising 98% of total exports. The second position in the ranking was taken by Chile ($X), with a 1.9% share of total exports.

In Brazil, tin bar exports increased at an average annual rate of +7.9% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, with an increase of 17% against the previous year. In general, the export price enjoyed a modest increase. The growth pace was the most rapid in 2021 when the export price increased by 86% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Brazil amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+3.1%).

Tin Bar Imports

Imports in MERCOSUR

In 2022, approx. X tons of tin bars, rods, profiles and wires were imported in MERCOSUR; declining by -23.4% against 2021. In general, imports saw a noticeable decline. The most prominent rate of growth was recorded in 2021 when imports increased by 101% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, tin bar imports shrank modestly to $X in 2022. Overall, imports continue to indicate a deep slump. The growth pace was the most rapid in 2021 with an increase of 103% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of tin bar imports in 2022 were Venezuela (X tons), Argentina (X tons), Chile (X tons) and Brazil (X tons), together accounting for 77% of total import. Colombia (X tons) held the next position in the ranking, followed by Ecuador (X tons) and Peru (X tons). All these countries together held near 19% share of total imports. Paraguay (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Chile (with a CAGR of +2.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Brazil ($X) and Chile ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 74% of total imports. Venezuela, Ecuador, Colombia, Peru and Paraguay lagged somewhat behind, together accounting for a further 25%.

Peru, with a CAGR of +8.2%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, rising by 30% against the previous year. In general, the import price, however, showed a mild shrinkage. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+8.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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