Uzbekistan: Tin Market Overview 2021

Tin Market Size in Uzbekistan

In 2019, the Uzbek tin market increased by X% to $X, rising for the third consecutive year after three years of decline. In general, consumption posted a buoyant expansion. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Over the period under review, the market reached the peak level in 2019 and is likely to continue growth in the immediate term.

Tin Exports

Exports from Uzbekistan

In 2019, approx. X kg of tin were exported from Uzbekistan; remaining stable against 2018. Over the period under review, exports showed a relatively flat trend pattern. Exports peaked at X kg in 2015; however, from 2016 to 2019, exports failed to regain the momentum.

In value terms, tin exports amounted to $X in 2019. In general, exports saw a precipitous contraction. Exports peaked at $X in 2015; however, from 2016 to 2019, exports remained at a lower figure.

Exports by Country

From 2007 to 2017, the average annual growth rate of volume to No country was relatively modest.

From 2007 to 2017, the average annual rate of growth in terms of value to No country was relatively modest.

Tin Imports

Imports into Uzbekistan

In 2019, purchases abroad of tin increased by X% to X tonnes, rising for the third consecutive year after three years of decline. Overall, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2012 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2019 and are expected to retain growth in the immediate term.

In value terms, tin imports soared to $X in 2019. Over the period under review, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, imports hit record highs in 2019 and are likely to see gradual growth in the near future.

Imports by Country

In 2019, Russia (X tonnes) constituted the largest tin supplier to Uzbekistan, with a X% share of total imports. Moreover, tin imports from Russia exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), fivefold. Indonesia (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Russia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Indonesia (X% per year).

In value terms, Russia ($X) constituted the largest supplier of tin to Uzbekistan, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Russia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Indonesia (X% per year).

Import Prices by Country

The average tin import price stood at $X per tonne in 2019, waning by -X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2009 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2019, the highest prices were recorded for prices from South Korea ($X per tonne) and Indonesia ($X per tonne), while the price for China ($X per tonne) and the Netherlands ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tin in the world?

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China (88K tonnes) constituted the country with the largest volume of tin consumption, accounting for 24% of total volume. Moreover, tin consumption in China exceeded the figures recorded by the second-largest consumer, Myanmar (43K tonnes), twofold. The third position in this ranking was occupied by the U.S. (31K tonnes), with a 8.6% share.

What are the largest producers of tin in the world?

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The countries with the highest volumes of tin production in 2019 were China (86K tonnes), Indonesia (85K tonnes) and Myanmar (44K tonnes), with a combined 59% share of global production.

What are the leading suppliers of tin to Uzbekistan?

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In value terms, Russia ($1.5M) constituted the largest supplier of tin to Uzbekistan, comprising 63% of total imports. The second position in the ranking was occupied by the Netherlands ($292K), with a 12% share of total imports. It was followed by Indonesia, with a 9.1% share.

What is the average import price for tin in Uzbekistan?

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In 2019, the average tin import price amounted to $22,409 per tonne, dropping by -8.5% against the previous year.