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

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

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Titanium Price in Saudi Arabia - 2021

Contents:

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

Titanium Price in Saudi Arabia (FOB) - 2022

The average titanium export price stood at $5,524 per ton in 2022, falling by -43.6% against the previous year. In general, the export price, however, showed a strong increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 135%. As a result, the export price attained the peak level of $9,786 per ton, and then fell remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($5,878 per ton), while the average price for exports to the UK ($3,866 per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+3.0%), while the prices for the other major destinations experienced a decline.

Titanium Price in Saudi Arabia (CIF) - 2022

The average titanium import price stood at $17,588 per ton in 2022, falling by -37.3% against the previous year. Over the period under review, the import price, however, showed a modest increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by 10,880% against the previous year. As a result, import price reached the peak level of $958,125 per ton. From 2020 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2013 to 2022, the rate of growth in terms of prices for the United States amounted to +141.0% per year.

Titanium Exports in Saudi Arabia

In 2022, approx. 6.2K tons of titanium sponge, powders, ingots and slabs were exported from Saudi Arabia; rising by 50% against the year before. Over the period under review, exports, however, showed a noticeable shrinkage.

In value terms, titanium exports dropped significantly to $34M in 2022. The total export value increased at an average annual rate of +10.5% from 2020 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 44% against the previous year. As a result, the exports attained the peak of $41M, and then contracted rapidly in the following year.

Export of Titanium in Saudi Arabia (Million USD)
COUNTRY202020212022CAGR,
2020-2022
ChinaN/AN/A13.60%
United StatesN/A0.113.513400.0%
EstoniaN/AN/A1.60%
United Kingdom0.81.91.432.3%
Japan26.538.4N/A44.9%
Others0.90.24.3118.6%
Total28.240.634.410.4%

Top Export Markets for Titanium from Saudi Arabia in 2022:

  1. China (2.4K tons)
  2. United States (2.3K tons)
  3. United Kingdom (0.3K tons)
  4. Estonia (0.3K tons)

Titanium Imports in Saudi Arabia

In 2022, approx. 8.8 tons of titanium sponge, powders, ingots and slabs were imported into Saudi Arabia; rising by 180% compared with the previous year. Over the period under review, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 92,763%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, titanium imports surged to $155K in 2022. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 2,790% against the previous year. As a result, imports attained the peak of $222K. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Titanium in Saudi Arabia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany4.615.261.2155223.0%
United KingdomN/A25.0N/AN/A0%
IndiaN/A2.8N/AN/A0%
ItalyN/A25.1N/AN/A0%
United StatesN/A15322.4N/A-85.4%
Others3.1N/A4.8N/A24.4%
Total7.722288.3155172.0%

Top Suppliers of Titanium to Saudi Arabia in 2022:

  1. Germany (8.8 tons)

Source: IndexBox Market Intelligence Platform

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

    • Saudi Arabia

    Data coverage:

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