Tin fell to 33,420 USD/T on August 21, 2025, down 0.68% from the previous day. Over the past month, Tin's price has fallen 1.44%, but it is still 3.42% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Tin - values, historical data, forecasts and news - updated on August of 2025.

This statistic depicts the average annual prices for tin from 2014 through 2026*. In 2024, the average price for tin stood at 30,066 nominal U.S. dollars per metric ton.

China Tin Smelting: Cost of Sales: Year to Date data was reported at 24.867 RMB bn in Oct 2015. This records an increase from the previous number of 22.206 RMB bn for Sep 2015. China Tin Smelting: Cost of Sales: Year to Date data is updated monthly, averaging 12.375 RMB bn from Dec 1998 (Median) to Oct 2015, with 102 observations. The data reached an all-time high of 37.516 RMB bn in Dec 2013 and a record low of 1.611 RMB bn in Feb 2009. China Tin Smelting: Cost of Sales: Year to Date data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.BHU: Common Non Ferrous Metal Smelting: Tin Smelting.

Tin prices in , June, 2025 For that commodity indicator, we provide data from January 1960 to June 2025. The average value during that period was 11021.02 USD per metric ton with a minimum of 2162.7 USD per metric ton in May 1960 and a maximum of 43983.35 USD per metric ton in February 2022. | TheGlobalEconomy.com

Explore the complexities of tin pricing per sheet, including factors like LME benchmarks, processing costs, and demand from sectors like electronics and renewable energy. Understand how supply dynamics and global trends impact the market, with insights into production costs, tariffs, and technological influences.

Explore the dynamic factors influencing the cost of tin per pound, including market demand, supply chain dynamics, and geopolitical influences. Learn why tin prices fluctuate and how industry developments and economic conditions play a vital role in shaping these changes.

Graph and download economic data for Producer Price Index by Industry: Metal Can Manufacturing: Steel Cans and Tinware Products (PCU3324313324311) from Jun 1981 to Jul 2025 about tin, steel, metals, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

China Tin Mining & Dressing: Cost of Sales: Year to Date data was reported at 5.786 RMB bn in Oct 2015. This records an increase from the previous number of 5.142 RMB bn for Sep 2015. China Tin Mining & Dressing: Cost of Sales: Year to Date data is updated monthly, averaging 1.887 RMB bn from Dec 1998 (Median) to Oct 2015, with 102 observations. The data reached an all-time high of 9.520 RMB bn in Dec 2014 and a record low of 0.177 RMB bn in Feb 2007. China Tin Mining & Dressing: Cost of Sales: Year to Date data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.BGC: Common Non Ferrous Metal Mining and Dressing: Tin Mining and Dressing.

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Tinplate Market Size 2022-2026

Based on Technavio's market sizing methodology, the tinplate market size is predicted to surge to 3236.02 metric tons from 2021 to 2026 at a CAGR of 2.25%.

This tinplate market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The tinplate market report offers information on several market vendors, including ArcelorMittal SA, GPT Steel Industries Ltd., JFE Holdings Inc., JSW STEEL Ltd., Nippon Steel Corp., POSCO Group, Sinosteel Corp., Thyssenkrupp AG, Tinplate Co. Of India Ltd., and United States Steel Corp. among others.

This report further entails tinplate market segmentations, including:

Type - Double reduced and single reduced
Geography - APAC, Europe, North America, MEA, and South America

What will the Tinplate Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Tinplate Market Size for the Forecast Period and Other Important Statistics

Tinplate Market: Key Drivers, Trends, and Challenges

The increasing launch of new food and beverage products in metal cans is notably driving the tinplate market growth, although factors such as volatility in raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the tinplate industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Tinplate Market Driver

One of the key factors driving growth in the tinplate market is the increasing launch of new food and beverage products in metal cans. Nowadays, vendors prefer to use metal packaging for new products. Some new food and beverages that use metal packaging are, in September 2019, Diageo plc (Diageo) launched its new Guinness’ Over the Moon Milk Stout in metal cans. The new product contains about 5.3% ABV (alcohol by volume). In July 2019, Princes Ltd. (Princes) launched two new canned fish-based product ranges, Infused Tuna Fillets and Mackerel Sizzle. The Mackerel line contains skinless and boneless mackerel fillets in a marinade, while the Tuna range features the hand-picked pieces of tuna infused in oil. Thus, the rising number of launches of food and beverage products in metal packaging is expected to drive the growth of the global tinplate market in the F&B packaging sector during the forecast period.

Key Tinplate Market Trend

One of the key tinplate market trends fueling the market growth is the product launches and recycled packaging. Vendors are investing in R&D to increase the usability of tinplate for end-users. For instance, in July 2019, JSW Steel, a subsidiary of JSW Group, introduced Platina, a premium tinplate material in India. For the project, the company invested more than USD130 million to expand its tinplate capacity to 0.5 million MT in Maharashtra. This kind of product launch will strengthen vendors’ market presence. Furthermore, end-users such as packaging industry players are coming with recycled tinplate materials for F&B packaging and FMCG packaging. Due to the increasing popularity of recycled tinplate, vendors are expected to focus more on sustainable tinplate production.

Key Tinplate Market Challenge

The volatility in raw material prices will be a major challenge for the tinplate market during the forecast period. Various types of raw materials are used in tinplate, such as iron or steel and tin. The cost of these raw materials determines the price of the end product. The widening gap between the demand for and supply of the above raw materials in the last few years has led to a considerable increase in their prices. Factors affecting the price of raw materials are the changing economic conditions, currency fluctuations, commodity price fluctuations, transportation costs, resource availability, and political instability. Thus, fluctuations in the prices of raw materials like steel and tin are expected to pose a challenge to the market.

This tinplate market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global tinplate market as a part of the global diversified metals and mining market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the tinplate market during the forecast period.

Who are the Major Tinplate Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors,

Explore the Tin Can Manufacturing Plant Project Report 2025 by Procurement Resource. Stay updated on Tin Can manufacturing cost analysis, procurement insights, ROI, and market evaluation.

The global tin market, valued at $7,097.8 million in 2025, is projected to experience a steady growth trajectory, driven by increasing demand from diverse sectors. The compound annual growth rate (CAGR) of 3% from 2025 to 2033 reflects a consistent, albeit moderate, expansion. Key drivers include the rising utilization of tin in electronics, particularly in solder for printed circuit boards, where miniaturization and increased functionality necessitate high-quality, reliable soldering materials. Growth is also fueled by the tinplate industry, crucial for food and beverage packaging, and the ongoing demand for tin in chemicals, brass and bronze alloys, and float glass manufacturing. While challenges like fluctuating tin prices and potential supply chain disruptions exist, these are likely to be offset by technological advancements improving tin extraction and refining processes, leading to enhanced efficiency and reduced costs. The market segmentation, categorized by application (solder, tinplate, chemicals, etc.) and production type (pyrogenic, electrolytic), provides valuable insights into specific growth pockets. Within the regional landscape, Asia Pacific, particularly China, is expected to remain a dominant force due to its significant manufacturing base and substantial tin production capacity. However, North America and Europe will also contribute notably, driven by robust electronics and automotive industries. The projected growth of the tin market hinges on several factors. Continued technological advancements in electronics, demanding higher quality and miniaturized components, will propel demand for tin-based solders. Similarly, the packaging industry's reliance on tinplate will maintain a substantial demand for this vital material. The diversification of tin applications into niche areas like specialty chemicals and advanced materials contributes to sustained market growth. However, environmental concerns regarding tin mining and processing need to be addressed for sustainable long-term expansion. This includes environmentally friendly mining practices and the development of more sustainable recycling solutions to minimize the environmental footprint of the industry. Competitive dynamics amongst major players like Yunnan Tin, MSC, and PT Timah will also shape market dynamics over the forecast period.

European Lead, Zinc and Tin Production Labour Cost Per Employee FTE by Country, 2023 Discover more data with ReportLinker!

Get the latest insights on price movement and trend analysis of Tin Plate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

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Tin Market Size 2025-2029

The tin market size is forecast to increase by USD 876.6 million at a CAGR of 2.1% between 2024 and 2029.

The market is experiencing significant growth driven by the increasing demand for canned foods and beverages. This trend is particularly prominent in developing economies where the consumption of canned goods is on the rise due to their convenience, longer shelf life, and affordability. Another key driver is the shifting focus toward recycling of tin, which not only reduces environmental impact but also provides a sustainable source of raw materials for the industry. However, the market faces challenges as well. The increasing use of tin-free steel in the packaging industry poses a threat to tin's market share, as this alternative material offers similar benefits at a lower cost.
Companies in the market must navigate this competition and find ways to differentiate themselves through innovation, sustainability, or cost competitiveness to maintain their market position. Additionally, there is a growing focus on recycling tin, making it an environmentally friendly option for packaging. Overall, the market's dynamics present both opportunities and challenges for players, requiring strategic planning and agility to capitalize on emerging trends and mitigate potential threats.

What will be the Size of the Tin Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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In the dynamic market, various sectors demonstrate significant activity and trends. Tinplate recycling plays a crucial role in sustainability, with tinplate alloys being a key component in solder joint strength. Solder flux, an essential element in soldering processes, utilizes tin chloride applications. Tin refining processes continue to evolve, influencing tinplate production and tin industry investments. Tinplate applications extend beyond food packaging to include tin sulfide applications in various industries. Tinplate standards and solder specifications ensure consistency and reliability in manufacturing processes. Tin industry consolidation and acquisitions shape the competitive landscape, while mergers foster innovation in tinplate manufacturing and solder manufacturing.
Tin oxide applications in electronics and coatings add to the versatility of tinplate properties. Solder alloys and tinplate coatings enhance product performance and durability. Mining techniques for tin continue to evolve, impacting tin industry competition and the overall market dynamics. The tin industry remains a significant player in manufacturing, with investments in tin recycling technologies driving growth and innovation. Understanding the properties and applications of tinplate and solder alloys is essential for businesses seeking to optimize their production processes and stay competitive.

How is this Tin Industry segmented?

The tin industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Soldering
  Tin chemical
  Tinplate
  Lead acid battery
  Others


End-user

  Electronics
  Automotive
  Packaging
  Glass
  Others


Product Type

  Metal
  Alloy
  Compounds


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    Australia
    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Application Insights

The soldering segment is estimated to witness significant growth during the forecast period. The market encompasses various applications, with soldering holding the largest volume share. Tin is utilized in soldering paste for bonding electronic components onto printed circuit boards (PCBs), enabling electrical connections. Commonly used alloys include tin-lead, tin-antimony, and tin-silver-copper. These pastes are essential for semiconductors and PCBs in consumer electronics, marine, automotive, and aerospace components. PCBs are integral to numerous electronic devices such as smartphones, computers, tablets, laptops, medical equipment, nuclear detection systems, and weather analysis equipment. Tin mining, refining, and recycling contribute to the market's supply chain. Mining regulations aim to ensure sustainable practices. Tin's corrosion resistance makes it suitable for various industries, including food and beverage packaging, aerosol cans, and automotive components.

Tin derivatives, such as tin oxide and tin chloride, are used in coatings, pigments, and catalysts. Hot-dip tin plating offers excellent adhesion and uniformity, making it a popular choice for various industries. Tin alloys, including tin-coated copper, are used in various applications d

Refined Tin Metal Market Outlook

The global market size for refined tin metal was valued at approximately USD 8.5 billion in 2023, and it is projected to reach around USD 12.7 billion by 2032, growing at a CAGR of 4.6% during the forecast period. The significant growth factors contributing to this market's expansion include increasing demand in the electronics sector, the rise of electric vehicles, and growing applications in packaging and construction industries.

One of the primary growth factors for the refined tin metal market is the surging demand in the electronics industry. Tin is frequently used in the production of solder, a critical component for electronic devices and circuit boards. With the continuous advancements in technology and the proliferation of smart devices, the demand for high-quality tin solder is expected to rise. Moreover, the transition towards 5G technology and the Internet of Things (IoT) further accelerates the need for reliable electronic components, thereby bolstering the refined tin metal market.

Additionally, the automotive industry's shift towards electric vehicles (EVs) is driving the demand for refined tin metal. Tin is a vital material in battery production, particularly in lithium-ion batteries, which are prevalent in EVs. As countries worldwide implement stringent regulations to reduce carbon emissions, the adoption of electric vehicles is expected to surge. This indirectly fuels the demand for refined tin metal, making it an essential component in the green energy revolution.

The packaging industry also contributes significantly to the growth of the refined tin metal market. Tinplate, a material made from tin-coated steel, is widely used in food and beverage packaging due to its excellent corrosion resistance and ability to preserve the quality of contents. The increasing consumer preference for packaged foods, driven by urbanization and changing lifestyles, has led to a higher demand for tinplate. This, in turn, boosts the market for refined tin metal.

Tin Ore is the primary source of tin metal, and its extraction plays a crucial role in the supply chain of refined tin. The mining of tin ore is predominantly concentrated in regions such as Southeast Asia, South America, and Africa, where rich deposits are found. The extraction and processing of tin ore involve several stages, including mining, smelting, and refining, which are critical to producing high-quality tin metal. The availability and quality of tin ore directly impact the production efficiency and cost-effectiveness of refined tin, making it a vital component in the global tin industry. As the demand for refined tin continues to grow, ensuring a stable supply of tin ore becomes increasingly important for manufacturers and industries reliant on this versatile metal.

On the regional front, Asia Pacific holds the largest market share for refined tin metal, driven by robust industrial activities and rapid urbanization in countries like China and India. North America and Europe follow, with significant contributions from their well-established automotive and electronics industries. Latin America and the Middle East & Africa region are also witnessing steady growth, albeit at a slower pace, due to their developing industrial sectors and the gradual adoption of modern technologies.

Product Type Analysis

The refined tin metal market is categorized by product types into high-purity tin, standard-purity tin, and low-purity tin. High-purity tin, with its superior quality and fewer impurities, finds extensive applications in high-tech electronics, aerospace, and specialized industrial processes. The demand for high-purity tin is driven by the need for reliable and efficient electronic components, which are critical for the performance of advanced devices and systems. The growth of the aerospace industry, with its stringent material requirements, also fuels the demand for high-purity tin.

Standard-purity tin is widely used across various industries due to its balance of cost and quality. It serves as the primary material in soldering applications for the electronics industry. As the global electronics market continues to expand, driven by consumer electronics, automotive electronics, and industrial applications, the demand for standard-purity tin remains robust. Additionally, this segment benefits from the growing use of tin in packaging, where it is employed in the production of tinplate for food and beverage

Forecast: Lead, Zinc and Tin Production Labour Cost Per Employee FTE in Germany 2022 - 2026 Discover more data with ReportLinker!

Understand the factors influencing the cost of installing a tin roof, including material prices, labor costs, and regional variations. Learn about the long-term benefits and durability of tin roofs.

The Pakistani tin market skyrocketed to $6.6M in 2024, surging by 22% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a prominent expansion. Over the period under review, the market hit record highs at $10M in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

China Tin Smelting: YoY: Cost of Sales: Year to Date data was reported at -16.017 % in Oct 2015. This records an increase from the previous number of -16.265 % for Sep 2015. China Tin Smelting: YoY: Cost of Sales: Year to Date data is updated monthly, averaging 9.436 % from Jan 2006 (Median) to Oct 2015, with 89 observations. The data reached an all-time high of 73.770 % in Feb 2007 and a record low of -47.590 % in Feb 2009. China Tin Smelting: YoY: Cost of Sales: Year to Date data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.BHU: Common Non Ferrous Metal Smelting: Tin Smelting.

China Tin Smelting: Profit to Cost Ratio data was reported at -7.519 % in Oct 2015. This records a decrease from the previous number of -7.378 % for Sep 2015. China Tin Smelting: Profit to Cost Ratio data is updated monthly, averaging 0.946 % from Dec 2006 (Median) to Oct 2015, with 83 observations. The data reached an all-time high of 6.412 % in Aug 2007 and a record low of -8.734 % in Mar 2015. China Tin Smelting: Profit to Cost Ratio data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.BHU: Common Non Ferrous Metal Smelting: Tin Smelting.