India - Titanium Sponge, Powders, Ingots and Slabs - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

India - Titanium Sponge, Powders, Ingots and Slabs - Market Analysis, Forecast, Size, Trends And Insights

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Titanium Price in India - 2023

Contents:

  1. Titanium Price in India (CIF) - 2023
  2. Titanium Price in India (FOB) - 2022
  3. Titanium Imports in India
  4. Titanium Exports in India

Titanium Price in India (CIF) - 2023

The average titanium import price stood at $12,224 per ton in July 2023, rising by 26% against the previous month. Overall, the import price enjoyed a slight expansion. The growth pace was the most rapid in September 2022 when the average import price increased by 1,737% month-to-month. As a result, import price reached the peak level of $166K per ton. From October 2022 to July 2023, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was China ($11,693 per ton), while the price for Kazakhstan amounted to $9,399 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+3.0%), while the prices for the other major suppliers experienced a decline.

Titanium Price in India (FOB) - 2022

In 2022, the average titanium export price amounted to $10,057 per ton, with a decrease of -49.4% against the previous year. Over the period under review, the export price recorded a pronounced downturn. The pace of growth was the most pronounced in 2018 when the average export price increased by 125% against the previous year. As a result, the export price reached the peak level of $42,399 per ton. From 2019 to 2022, the average export prices remained 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 Sweden ($43,929 per ton), while the average price for exports to the UK ($7,426 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 Nepal (+75.3%), while the prices for the other major destinations experienced more modest paces of growth.

Titanium Imports in India

In 2022, purchases abroad of titanium sponge, powders, ingots and slabs decreased by -21.6% to 601 tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +11.6% 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 +39.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. As a result, imports reached the peak of 766 tons, and then reduced dramatically in the following year.

In value terms, titanium imports skyrocketed to $7.4M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +25.0% 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 +95.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 38% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Titanium in India (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Kazakhstan2623103392,853121.6%
United Kingdom44.224.411.61,322210.4%
Russia27410731889348.3%
China19941140188464.4%
Netherlands19329420884863.8%
Malaysia7983072,109N/A62.6%
Ukraine8911,125374N/A-35.2%
Others1,1522,6922,396645-17.6%
Total3,8125,2706,1577,44525.0%

Top Suppliers of Titanium to India in 2022:

  1. Kazakhstan (275.0 tons)
  2. Russia (108.6 tons)
  3. China (102.7 tons)
  4. Netherlands (72.2 tons)
  5. United Kingdom (37.9 tons)

Titanium Exports in India

In 2022, overseas shipments of titanium sponge, powders, ingots and slabs increased by 83% to 3 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a sharp decrease.

In value terms, titanium exports shrank to $30K in 2022. Over the period under review, exports, however, saw a significant decline. The pace of growth appeared the most rapid in 2021 with an increase of 30% against the previous year.

Export of Titanium in India (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom3.01.61.018.683.7%
Sweden0.1N/AN/A3.7233.2%
Canada1.40.50.83.028.9%
United States5.50.82.32.4-24.2%
Australia0.90.50.52.030.5%
Spain6.30.12.3N/A-39.6%
Germany17.65.25.7N/A-43.1%
Netherlands17.43.10.9N/A-77.3%
Qatar35.311.313.5N/A-38.2%
Saudi ArabiaN/A0.4N/AN/A0%
Others28.71.75.70.7-71.0%
Total11625.232.730.4-36.0%

Top Export Markets for Titanium from India in 2022:

  1. United Kingdom (2500.0 kg)
  2. Canada (188.0 kg)
  3. United States (121.0 kg)
  4. Australia (100.0 kg)
  5. Sweden (84.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the titanium market in India. 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:

    • India

    Data coverage:

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

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
    8. 8. IMPORTS

      The Largest Import Supplying Countries

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY
    9. 9. EXPORTS

      The Largest Destinations for Exports

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY
    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO
    11. 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
    12. 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
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    India's October 2023 Import of Titanium Surges to $1.7M
    Dec 29, 2023
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    Titanium imports reached their highest point in October 2023, with a value of $1.7M.

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    Sep 20, 2023
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    Titanium is a highly versatile and sought-after material in various industries, including aerospace, automotive, medical, and industrial applications. In this article, we explore the world's best import markets for titanium, highlighting key statistics. The United States is the largest importer of titanium, followed by China, the United Kingdom, France, and Italy. These countries have strong demand for titanium in their aerospace, automotive, and other industries, contributing to the growth of the global titanium market.

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    Jul 26, 2018
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    In value terms, titanium ores and concentrates imports totaled $X in 2016. Overall, titanium ores and concentrates imports continue to indicate a prominent expansion. In that year, global titanium ...

    Which Country Imports the Most Titanium Oxides in the World?
    Jul 26, 2018
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    In value terms, titanium oxides imports amounted to $X in 2016. In general, titanium oxides imports continue to indicate a relatively flat trend pattern. Over the period under review, global titani...

    Which Country Imports the Most Titanium in the World?
    Jul 26, 2018
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    In value terms, titanium imports totaled $X in 2016. Overall, it indicated a slight growth from 2007 to 2016: the total imports value increased at an average annual rate of +X% over the last nine...

    Which Country Exports the Most Titanium Ores and Concentrates in the World?
    Jul 26, 2018
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    In value terms, titanium ores and concentrates exports stood at $X in 2016. Overall, titanium ores and concentrates exports continue to indicate a temperate increase. In that year, global titanium ...

    Which Country Exports the Most Titanium Oxides in the World?
    Jul 26, 2018
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    In value terms, titanium oxides exports totaled $X in 2016. Overall, titanium oxides exports continue to indicate a temperate reduction. In that year, global titanium oxides exports attained its ma...

    Which Country Exports the Most Titanium in the World?
    Jul 26, 2018
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    In value terms, titanium exports amounted to $X in 2016. Overall, titanium exports continue to indicate a relatively flat trend pattern. Global titanium export peaked of $X in 2012; however, fro...

    Titanium Market - Titanium Imports on the Decline in the Past Three Years
    Nov 23, 2016
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    The global titanium trade fluctuated over the period under review, with a slight downward trend in the last three years. Exports amounted to X million USD in 2015. Overall, there was an annual increase of +X% from 2007 to 2015.

    India's October 2023 Import of Titanium Surges to $1.7M
    Dec 29, 2023
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    Titanium imports reached their highest point in October 2023, with a value of $1.7M.

    Free Data: Titanium Sponge, Powders, Ingots and Slabs - India