U.S. - Titanium Ores and Concentrates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Titanium Ore and Concentrate in the United States - 2023
Contents:
- Price for Titanium Ore and Concentrate in the United States (CIF) - 2022
- Price for Titanium Ore and Concentrate in the United States (FOB) - 2023
- Imports of Titanium Ore and Concentrate in the United States
- Exports of Titanium Ore and Concentrate in the United States
Price for Titanium Ore and Concentrate in the United States (CIF) - 2022
The average titanium ore and concentrate import price stood at $577 per ton in 2022, surging by 36% against the previous year. Overall, the import price, however, saw a pronounced decrease. The import price peaked at $723 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sierra Leone ($2,458 per ton), while the price for Madagascar ($246 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sierra Leone (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Titanium Ore and Concentrate in the United States (FOB) - 2023
In September 2023, the average titanium ore and concentrate export price amounted to $1,805 per ton, with an increase of 462% against the previous month. In general, the export price posted a resilient expansion. The growth pace was the most rapid in December 2022 when the average export price increased by 790% month-to-month. As a result, the export price reached the peak level of $2,120 per ton. From January 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was South Korea ($2,670 per ton), while the average price for exports to Canada ($726 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Titanium Ore and Concentrate in the United States
In 2022, titanium ore and concentrate imports into the United States declined to 893K tons, with a decrease of -12% against the previous year. Overall, imports recorded a abrupt slump. The pace of growth was the most pronounced in 2021 when imports increased by 50% against the previous year.
In value terms, titanium ore and concentrate imports soared to $515M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +5.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 61%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Titanium Ore and Concentrate in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 155 | 112 | 92.9 | 134 | -4.7% |
| Australia | 99.4 | 41.2 | 102 | 92.1 | -2.5% |
| Madagascar | 52.5 | 52.5 | 65.9 | 68.2 | 9.1% |
| Kenya | 52.8 | 15.6 | 23.0 | 60.5 | 4.6% |
| Mozambique | 32.4 | 15.0 | 57.7 | 47.2 | 13.4% |
| Ukraine | 14.5 | 9.8 | 8.8 | 36.9 | 36.5% |
| Senegal | 23.3 | 10.6 | 23.5 | 29.1 | 7.7% |
| Others | 12.3 | 10.6 | 55.3 | 46.6 | 55.9% |
| Total | 442 | 267 | 429 | 515 | 5.2% |
Top Suppliers of Titanium Ore and Concentrate to the United States in 2022:
- Madagascar (277.4K tons)
- South Africa (168.0K tons)
- Mozambique (142.5K tons)
- Australia (109.2K tons)
- Senegal (91.1K tons)
- Ukraine (51.9K tons)
- Kenya (28.7K tons)
Exports of Titanium Ore and Concentrate in the United States
In 2022, approx. 262K tons of titanium ores and concentrates were exported from the United States; growing by 325% on 2021 figures. In general, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, titanium ore and concentrate exports soared to $78M in 2022. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 204% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Titanium Ore and Concentrate in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.2 | 13.3 | 15.8 | 70.6 | 114.0% |
| Mexico | 3.8 | 6.7 | 3.7 | 5.9 | 15.8% |
| South Korea | 6.6 | 2.2 | 0.6 | 0.3 | -64.3% |
| Netherlands | N/A | 28.5 | 4.5 | N/A | -84.2% |
| Others | 4.8 | 17.4 | 6.0 | 1.6 | -30.7% |
| Total | 22.4 | 68.0 | 30.5 | 78.4 | 51.8% |
Top Export Markets for Titanium Ore and Concentrate from the United States in 2022:
- China (250.5K tons)
- Mexico (9.0K tons)
- South Korea (0.2K tons)
This report provides an in-depth analysis of the market for titanium ore and concentrate in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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 the U.S..
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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.
978
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.
