Norway - Titanium Ores and Concentrates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Titanium Ore and Concentrate in Norway - 2023
Contents:
- Price for Titanium Ore and Concentrate in Norway (CIF) - 2022
- Price for Titanium Ore and Concentrate in Norway (FOB) - 2022
- Imports of Titanium Ore and Concentrate in Norway
- Exports of Titanium Ore and Concentrate in Norway
Price for Titanium Ore and Concentrate in Norway (CIF) - 2022
The average titanium ore and concentrate import price stood at $351 per ton in 2022, jumping by 48% against the previous year. Overall, the import price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 77%. The import price peaked in 2022 and is likely to continue growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for Senegal.
From 2013 to 2022, the rate of growth in terms of prices for Senegal amounted to +11.6% per year.
Price for Titanium Ore and Concentrate in Norway (FOB) - 2022
In 2022, the average titanium ore and concentrate export price amounted to $282 per ton, declining by -3.4% against the previous year. Over the period under review, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 35% against the previous year. Over the period under review, the average export prices hit record highs at $610 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($740 per ton), while the average price for exports to Poland ($186 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+8.7%), while the prices for the other major destinations experienced a decline.
Imports of Titanium Ore and Concentrate in Norway
In 2022, imports of titanium ores and concentrates into Norway dropped significantly to 270K tons, shrinking by -21.6% compared with 2021 figures. In general, imports continue to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2021 with an increase of 13%. As a result, imports reached the peak of 344K tons, and then dropped dramatically in the following year.
In value terms, titanium ore and concentrate imports soared to $95M in 2022. Overall, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of Titanium Ore and Concentrate in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Senegal | 48.4 | 59.7 | 81.3 | 94.7 | 25.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 48.4 | 59.7 | 81.3 | 94.7 | 25.1% |
Top Suppliers of Titanium Ore and Concentrate to Norway in 2022:
- Senegal (269.9K tons)
Exports of Titanium Ore and Concentrate in Norway
In 2022, approx. 1.1M tons of titanium ores and concentrates were exported from Norway; picking up by 3.8% compared with 2021. Overall, exports, however, recorded a relatively flat trend pattern.
In value terms, titanium ore and concentrate exports totaled $302M in 2022. In general, exports, however, saw a perceptible shrinkage.
| Export of Titanium Ore and Concentrate in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.8 | 42.0 | 65.2 | 70.1 | 144.4% |
| Germany | 68.9 | 63.1 | 57.1 | 62.7 | -3.1% |
| Belgium | N/A | 12.6 | 8.4 | 27.0 | 46.4% |
| United Kingdom | 59.3 | 33.0 | 48.1 | 20.3 | -30.0% |
| Poland | 13.9 | 16.7 | 15.5 | 12.4 | -3.7% |
| Kazakhstan | 22.1 | 19.6 | N/A | 8.7 | -26.7% |
| South Korea | 1.2 | 3.6 | 10.3 | 6.2 | 72.9% |
| Japan | N/A | N/A | 1.5 | 3.3 | 120.0% |
| Others | 152 | 112 | 94.8 | 91.1 | -15.7% |
| Total | 322 | 303 | 301 | 302 | -2.1% |
Top Export Markets for Titanium Ore and Concentrate from Norway in 2022:
- Germany (293.5K tons)
- China (276.1K tons)
- Poland (66.9K tons)
- Belgium (41.7K tons)
- South Korea (28.7K tons)
- United Kingdom (27.4K tons)
- Japan (12.6K tons)
- Kazakhstan (8.1K tons)
This report provides an in-depth analysis of the market for titanium ore and concentrate in Norway. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- Norway
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Norway
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the market for titanium ore and concentrate in Norway.
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This report provides an in-depth analysis of the global market for titanium ore and concentrate.
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This report provides an in-depth analysis of the market for titanium ore and concentrate in Norway.
3607
This report provides an in-depth analysis of the global market for titanium ore and concentrate.
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In the first half of 2021, prices for titanium and its derivatives shot up in response to rising demand and a drop in titanium mining last year, as well as titanium shaving stocks reduction. The rebound in the chemical and aerospace industries is a key driver for the rising demand for the metal. The potential use of titanium derivatives in alternative energy is set to stimulate further market expansion. Robust demand expectations are to keep prices elevated in the immediate term.
974
In the first half of 2021, prices for titanium and its derivatives shot up in response to rising demand and a drop in titanium mining last year, as well as titanium shaving stocks reduction. The rebound in the chemical and aerospace industries is a key driver for the rising demand for the metal. The potential use of titanium derivatives in alternative energy is set to stimulate further market expansion. Robust demand expectations are to keep prices elevated in the immediate term.
