Price for Tin; Waste and Scrap in Australia - 2023

Contents:

1. Price for Tin; Waste and Scrap in Australia (FOB) - 2022
2. Exports of Tin; Waste and Scrap in Australia

Price for Tin; Waste and Scrap in Australia (FOB) - 2022

The average tin; waste and scrap export price stood at $395 per ton in 2022, increasing by 4.8% against the previous year. Overall, the export price, however, showed a slight shrinkage. The pace of growth appeared the most rapid in 2017 when the average export price increased by 35%. The export price peaked at $463 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($450 per ton), while the average price for exports to China ($310 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+8.9%), while the prices for the other major destinations experienced a decline.

Exports of Tin; Waste and Scrap in Australia

In 2022, the amount of tin; waste and scraps exported from Australia fell to 2.2K tons, dropping by -9.2% compared with the year before. Overall, total exports indicated noticeable growth from 2019 to 2022: its volume increased at an average annual rate of +2.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 99% against the previous year. As a result, the exports attained the peak of 2.4K tons, and then reduced in the following year.

In value terms, tin; waste and scrap exports reduced slightly to $859K in 2022. In general, total exports indicated a pronounced expansion from 2019 to 2022: its value increased at an average annual rate of +3.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +95.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 106%. As a result, the exports reached the peak of $903K, and then contracted slightly in the following year.

Top Export Markets for Tin; Waste and Scrap from Australia in 2022:

1. India (1898.4 tons)
2. Sri Lanka (151.0 tons)
3. China (110.0 tons)

Source: IndexBox Market Intelligence Platform