Price for Titanium; Waste and Scrap in the UK - 2023
Contents:
- Price for Titanium; Waste and Scrap in the UK (CIF) - 2023
- Price for Titanium; Waste and Scrap in the UK (FOB) - 2023
- Imports of Titanium; Waste and Scrap in the UK
- Exports of Titanium; Waste and Scrap in the UK
Price for Titanium; Waste and Scrap in the UK (CIF) - 2023
The average titanium; waste and scrap import price stood at $4,770 per ton in June 2023, stabilizing at the previous month. Over the period under review, the import price, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in October 2022 an increase of 53% m-o-m. As a result, import price reached the peak level of $8,094 per ton. From November 2022 to June 2023, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the countries with the highest prices were France ($5,474 per ton) and Germany ($5,386 per ton), while the price for the United States ($3,681 per ton) and Spain ($3,907 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (-2.0%), while the prices for the other major suppliers experienced a decline.
Price for Titanium; Waste and Scrap in the UK (FOB) - 2023
In June 2023, the average titanium; waste and scrap export price amounted to $9,112 per ton, growing by 21% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 31% against the previous month. Over the period under review, the average export prices attained the peak figure at $10,600 per ton in October 2022; however, from November 2022 to June 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($16,358 per ton), while the average price for exports to South Korea ($8,470 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Titanium; Waste and Scrap in the UK
Titanium; waste and scrap imports into the UK soared to 11K tons in 2022, with an increase of 54% compared with the year before. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +5.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +87.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, titanium; waste and scrap imports skyrocketed to $52M in 2022. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Titanium; Waste and Scrap in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.5 | 1.5 | 3.7 | 10.7 | 45.1% |
| France | 4.0 | 1.7 | 3.8 | 10.6 | 38.4% |
| United States | 6.9 | 5.5 | 9.7 | 9.8 | 12.4% |
| Japan | 4.5 | 2.9 | 2.6 | 5.0 | 3.6% |
| Spain | 0.5 | 0.2 | 1.8 | 2.1 | 61.3% |
| Netherlands | 0.5 | 0.2 | 0.4 | 1.6 | 47.4% |
| China | 0.5 | 0.2 | 0.1 | 1.5 | 44.2% |
| Italy | N/A | 0.2 | 0.1 | 1.3 | 155.0% |
| South Korea | 0.1 | N/A | N/A | 1.0 | 115.4% |
| Poland | 0.5 | 0.2 | 0.4 | 0.9 | 21.6% |
| Ireland | N/A | 0.1 | 0.4 | 0.6 | 144.9% |
| Others | 2.0 | 1.6 | 2.9 | 6.8 | 50.4% |
| Total | 23.1 | 14.3 | 26.0 | 51.9 | 31.0% |
Top Suppliers of Titanium; Waste and Scrap to the UK in 2022:
- France (2967.8 tons)
- United States (2024.1 tons)
- Germany (1597.4 tons)
- Japan (825.9 tons)
- Netherlands (511.1 tons)
- Poland (403.9 tons)
- Italy (368.3 tons)
- Spain (332.0 tons)
- China (253.1 tons)
- Ireland (245.7 tons)
- South Korea (199.6 tons)
Exports of Titanium; Waste and Scrap in the UK
In 2022, approx. 6.8K tons of titanium; waste and scraps were exported from the UK; jumping by 122% compared with 2021 figures. Overall, exports, however, saw a noticeable slump.
In value terms, titanium; waste and scrap exports skyrocketed to $26M in 2022. Over the period under review, exports, however, saw a pronounced setback.
| Export of Titanium; Waste and Scrap in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 18.3 | 6.8 | 5.2 | 15.6 | -5.2% |
| Germany | 0.6 | 0.8 | 1.2 | 2.5 | 60.9% |
| India | 0.4 | 0.3 | 0.4 | 1.6 | 58.7% |
| Canada | 0.3 | N/A | N/A | 1.5 | 71.0% |
| France | 0.6 | 0.2 | 0.3 | 0.9 | 14.5% |
| South Africa | 2.1 | 0.7 | 2.1 | 0.7 | -30.7% |
| Netherlands | N/A | N/A | 0.2 | 0.6 | 200.0% |
| Sweden | 4.1 | N/A | N/A | N/A | 0% |
| Others | 3.5 | 0.7 | 3.1 | 2.7 | -8.3% |
| Total | 29.9 | 9.5 | 12.5 | 26.0 | -4.6% |
Top Export Markets for Titanium; Waste and Scrap from the UK in 2022:
- United States (5210.8 tons)
- India (331.1 tons)
- Germany (262.9 tons)
- France (242.6 tons)
- Canada (152.3 tons)
- Netherlands (112.6 tons)
- South Africa (83.0 tons)
- Sweden (0.2 tons)
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