Forecast: Tin Mine Production in Indonesia

The tin mine production in Indonesia displayed a gradual decline over the past decade, reducing from 59.41 thousand metric tons in 2013 to 46.24 thousand metric tons in 2023. The most significant drop occurred in 2020 with an 18.24% year-on-year reduction, followed by a 18.69% recovery in 2021. The 2023 production stood at 46.24 thousand metric tons, with year-on-year variations showing a consistent decline of approximately 1.47% over the last two years. The five-year CAGR average variation is -1.49%, indicating a steady decrease.

Future trends to watch for:

• Ongoing decline in production with a forecasted 5-year CAGR of -1.29% leading to a 6.28% reduction by 2028.
• Potential impact of global tin demand and regulatory changes on production levels.
• Technological advancements and their influence on mining efficiency and production costs.