Report Update: May 1, 2024

Thailand - Titanium Ores and Concentrates - Market Analysis, Forecast, Size, Trends And Insights

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Price for Titanium Ore and Concentrate in Thailand - 2023

Price for Titanium Ore and Concentrate in Thailand (FOB) - 2022

The average titanium ore and concentrate export price stood at $498 per ton in 2022, waning by -6.9% against the previous year. In general, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, titanium ore and concentrate export price increased by +3.8% against 2020 indices. The growth pace was the most rapid in 2013 an increase of 108%. The export price peaked at $905 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($807 per ton), while the average price for exports to South Korea ($337 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 the Philippines (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Titanium Ore and Concentrate in Thailand (CIF) - 2023

The average titanium ore and concentrate import price stood at $2,050 per ton in September 2023, growing by 6.1% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.4%. The pace of growth was the most pronounced in December 2022 when the average import price increased by 20% against the previous month. As a result, import price attained the peak level of $2,279 per ton. From January 2023 to September 2023, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was South Africa ($2,106 per ton), while the price for Australia stood at $1,705 per ton.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by South Africa (+0.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Titanium Ore and Concentrate in Thailand

In 2022, overseas shipments of titanium ores and concentrates decreased by -27.8% to 9.8K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 205% against the previous year. As a result, the exports reached the peak of 17K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, titanium ore and concentrate exports dropped remarkably to $4.9M in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 61%. As a result, the exports reached the peak of $8.1M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Titanium Ore and Concentrate in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	3.6	3.9	5.0	2.4	-12.6%
China	0.1	3.0	1.6	2.4	188.4%
Nigeria	N/A	N/A	N/A	0.1	0%
Philippines	0.4	0.8	0.4	N/A	0.0%
Others	1.0	0.4	0.3	0.1	-53.6%
Total	5.0	8.1	7.3	4.9	-0.7%

Top Export Markets for Titanium Ore and Concentrate from Thailand in 2022:

China (6.0K tons)
India (3.5K tons)
Nigeria (0.2K tons)

Imports of Titanium Ore and Concentrate in Thailand

In 2022, overseas purchases of titanium ores and concentrates were finally on the rise to reach 8.2K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a abrupt shrinkage.

In value terms, titanium ore and concentrate imports skyrocketed to $16M in 2022. In general, imports posted a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Titanium Ore and Concentrate in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Australia	9.0	1.0	3.3	11.1	7.2%
Kenya	2.9	4.4	1.8	2.0	-11.6%
South Africa	0.2	0.2	0.1	1.3	86.6%
China	0.2	N/A	0.2	0.5	35.7%
Japan	N/A	N/A	0.1	0.4	300.0%
Ukraine	N/A	0.6	0.4	0.2	-42.3%
Sierra Leone	0.4	1.6	0.6	N/A	22.5%
Mexico	0.8	0.2	N/A	N/A	-75.0%
Others	N/A	N/A	0.4	0.1	-75.0%
Total	13.4	8.0	6.9	15.6	5.2%

Top Suppliers of Titanium Ore and Concentrate to Thailand in 2022:

Sierra Leone (undefinedK tons)
Australia (6.0K tons)
Kenya (0.8K tons)
South Africa (0.6K tons)
China (0.4K tons)
Japan (0.2K tons)
Ukraine (0.1K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for titanium ore and concentrate in Thailand. 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:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023