Price for Tin; Waste and Scrap in the UK - 2023

Contents:

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

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

In 2022, the average tin; waste and scrap export price amounted to $6,065 per ton, with an increase of 71% against the previous year. In general, the export price posted a strong expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 468%. As a result, the export price reached the peak level of $14,209 per ton. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($10,477 per ton), while the average price for exports to Pakistan ($254 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 Mexico (+82.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average tin; waste and scrap import price stood at $11,969 per ton in 2022, which is down by -24.2% against the previous year. Over the period under review, the import price, however, showed a moderate expansion. The most prominent rate of growth was recorded in 2014 an increase of 279%. The import price peaked at $28,294 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($27,087 per ton), while the price for Sweden ($9,084 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Tin; Waste and Scrap in the UK

In 2022, approx. 453 tons of tin; waste and scraps were exported from the UK; declining by -51.7% on 2021 figures. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 5,413% against the previous year. As a result, the exports reached the peak of 938 tons, and then dropped markedly in the following year.

In value terms, tin; waste and scrap exports reduced remarkably to $2.7M in 2022. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 1,272% against the previous year. As a result, the exports attained the peak of $3.3M, and then declined remarkably in the following year.

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

1. Poland (365.2 tons)
2. Pakistan (69.6 tons)
3. Belgium (14.6 tons)

Imports of Tin; Waste and Scrap in the UK

In 2022, the amount of tin; waste and scraps imported into the UK declined sharply to 8.9 tons, shrinking by -36.7% compared with 2021. In general, imports, however, posted a prominent increase. The growth pace was the most rapid in 2021 when imports increased by 191%. As a result, imports reached the peak of 14 tons, and then declined rapidly in the following year.

In value terms, tin; waste and scrap imports dropped rapidly to $107K in 2022. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 319% against the previous year. As a result, imports reached the peak of $223K, and then reduced markedly in the following year.

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

1. Ireland (5.5 tons)
2. Sweden (2.7 tons)
3. Germany (0.4 tons)
4. China (0.3 tons)

Source: IndexBox Market Intelligence Platform