Price for Tin; Waste and Scrap in India - 2023

Contents:

1. Price for Tin; Waste and Scrap in India (FOB) - 2022
2. Price for Tin; Waste and Scrap in India (CIF) - 2022
3. Exports of Tin; Waste and Scrap in India
4. Imports of Tin; Waste and Scrap in India

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

In 2022, the average tin; waste and scrap export price amounted to $843 per ton, which is down by -91% against the previous year. Over the period under review, the export price saw a drastic downturn. The growth pace was the most rapid in 2013 an increase of 99% against the previous year. The export price peaked at $12,142 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($1,380 per ton), while the average price for exports to Bhutan ($223 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 Bahrain (+47.3%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Tin; Waste and Scrap in India (CIF) - 2022

In 2022, the average tin; waste and scrap import price amounted to $46,217 per ton, rising by 91% against the previous year. In general, the import price continues to indicate a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for South Korea.

From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +10.7% per year.

Exports of Tin; Waste and Scrap in India

In 2022, shipments abroad of tin; waste and scraps increased by 582% to 2.3 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a abrupt downturn.

In value terms, tin; waste and scrap exports contracted rapidly to $2K in 2022. Overall, exports, however, showed a precipitous decline. The smallest decline of -25.1% was in 2020.

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

1. Tanzania (1219.0 kg)
2. Bhutan (815.0 kg)
3. United States (297.0 kg)

Imports of Tin; Waste and Scrap in India

In 2022, after three years of growth, there was significant decline in supplies from abroad of tin; waste and scraps, when their volume decreased by -96.3% to 5.3 tons. Over the period under review, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 1,613% against the previous year. As a result, imports attained the peak of 141 tons, and then contracted dramatically in the following year.

In value terms, tin; waste and scrap imports shrank remarkably to $243K in 2022. Overall, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 2,352%. As a result, imports attained the peak of $3.4M, and then reduced dramatically in the following year.

Top Suppliers of Tin; Waste and Scrap to India in 2022:

1. South Korea (5.3 tons)

Source: IndexBox Market Intelligence Platform