The value of tin stocks in the US stood at 6.38 Thousand Metric Tons in 2023. Over the past decade, the trend shows a consistent decline in volume, with a noticeable year-on-year decrease averaging around 1% from 2013 to 2023. Specifically, the last two years saw decreases of approximately 1.07%, while the Compound Annual Growth Rate (CAGR) over the last five years averaged around -1.09%.
Looking forward, forecasted data from 2024 to 2028 indicate a continuing downward trend with a forecasted 5-year CAGR of -0.92%. By 2028, tin stocks are expected to decrease by around 4.51% from 2023 levels.
Future trends to watch for:
- Potential changes in US manufacturing and technological advancements impacting tin demand.
- Developments in recycling programs and their effects on tin stock levels.
- Macro-economic factors, such as trade policies and raw material supply chains, potentially influencing the tin market dynamics.
