Hong Kong SAR, China: Market for Tin Ores And Concentrates 2024

Market Size for Tin Ores And Concentrates in Hong Kong SAR, China

In 2023, the Hong Kong tin ores and concentrates market increased by X% to $X, rising for the fourth consecutive year after two years of decline. Over the period under review, consumption posted a significant expansion. Over the period under review, the market attained the maximum level in 2023 and is expected to retain growth in the near future.

Production of Tin Ores And Concentrates in Hong Kong SAR, China

In value terms, tin ores and concentrates production declined dramatically to $X in 2023 estimated in export price. Overall, production, however, continues to indicate significant growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2022, and then dropped remarkably in the following year.

Exports of Tin Ores And Concentrates

Exports from Hong Kong SAR, China

In 2023, shipments abroad of tin ores and concentrateses decreased by X% to X tons, falling for the second consecutive year after three years of decline. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, tin ores and concentrates exports stood at $X in 2023. In general, exports, however, posted a significant expansion. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Malaysia (X tons) and Lao People's Democratic Republic (X tons) were the main destinations of tin ores and concentrates exports from Hong Kong SAR, with a combined X% share of total exports. Taiwan (Chinese) lagged somewhat behind, accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tin ores and concentrates exported from Hong Kong SAR were China ($X), Malaysia ($X) and Lao People's Democratic Republic ($X), together accounting for X% of total exports.

Among the main countries of destination, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average tin ores and concentrates export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price showed a strong expansion. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The export price peaked in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tin Ores And Concentrates

Imports into Hong Kong SAR, China

In 2023, approx. X tons of tin ores and concentrateses were imported into Hong Kong SAR; increasing by X% on the previous year. In general, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, tin ores and concentrates imports soared to $X in 2023. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked in 2023 and are expected to retain growth in the immediate term.

Imports by Country

In 2023, Rwanda (X tons) constituted the largest tin ores and concentrates supplier to Hong Kong SAR, with a X% share of total imports. Moreover, tin ores and concentrates imports from Rwanda exceeded the figures recorded by the second-largest supplier, Myanmar (X tons), more than tenfold. Thailand (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Rwanda totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (X% per year) and Thailand (X% per year).

In value terms, Rwanda ($X) constituted the largest supplier of tin ores and concentrateses to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Rwanda amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and China (X% per year).

Import Prices by Country

The average tin ores and concentrates import price stood at $X per ton in 2023, reducing by X% against the previous year. In general, the import price, however, showed a strong increase. The pace of growth was the most pronounced in 2016 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2022, and then fell remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform