U.S. - Titanium Sponge, Powders, Ingots and Slabs - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTitanium Price in the United States - 2023
Contents:
- Titanium Price in the United States (CIF) - 2023
- Titanium Price in the United States (FOB) - 2023
- Titanium Imports in the United States
- Titanium Exports in the United States
Titanium Price in the United States (CIF) - 2023
In August 2023, the average titanium import price amounted to $12,314 per ton, approximately equating the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.1%. The pace of growth appeared the most rapid in September 2022 when the average import price increased by 20% against the previous month. As a result, import price attained the peak level of $12,893 per ton. From October 2022 to August 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Saudi Arabia ($11,477 per ton), while the price for Japan ($10,789 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Titanium Price in the United States (FOB) - 2023
The average titanium export price stood at $22,561 per ton in August 2023, rising by 3.6% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 when the average export price increased by 44% against the previous month. The export price peaked at $29,394 per ton in June 2023; however, from July 2023 to August 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($26,529 per ton), while the average price for exports to Mexico ($8,061 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.
Titanium Imports in the United States
In 2022, purchases abroad of titanium sponge, powders, ingots and slabs increased by 90% to 30K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a pronounced reduction.
In value terms, titanium imports surged to $326M in 2022. Over the period under review, imports, however, continue to indicate a deep downturn.
| Import of Titanium in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 251 | 154 | 135 | 230 | -2.9% |
| Kazakhstan | 32.8 | 21.7 | 19.9 | 34.0 | 1.2% |
| Saudi Arabia | N/A | N/A | 0.2 | 19.9 | 9850.0% |
| Russia | 60.3 | 34.3 | 9.1 | 13.9 | -38.7% |
| Others | 36.5 | 27.3 | 31.5 | 27.9 | -8.6% |
| Total | 381 | 238 | 196 | 326 | -5.1% |
Top Suppliers of Titanium to the United States in 2022:
- Japan (25.3K tons)
- Saudi Arabia (2.3K tons)
- Russia (1.6K tons)
- Kazakhstan (0.3K tons)
Titanium Exports in the United States
In 2022, overseas shipments of titanium sponge, powders, ingots and slabs were finally on the rise to reach 5.2K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a dramatic contraction.
In value terms, titanium exports skyrocketed to $90M in 2022. In general, exports, however, recorded a dramatic slump.
| Export of Titanium in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 77.4 | 49.4 | 26.0 | 40.1 | -19.7% |
| Italy | 37.3 | 30.8 | 11.6 | 17.9 | -21.7% |
| France | 26.9 | 11.4 | 11.2 | 15.3 | -17.1% |
| Canada | 2.7 | 2.0 | 5.5 | 3.6 | 10.1% |
| Germany | 18.7 | 4.9 | 1.4 | 3.0 | -45.7% |
| Mexico | 2.3 | 1.5 | 1.8 | 2.3 | 0.0% |
| Estonia | 2.0 | 0.9 | N/A | N/A | -55.0% |
| Others | 22.5 | 12.0 | 7.1 | 7.7 | -30.1% |
| Total | 190 | 113 | 64.7 | 90.0 | -22.0% |
Top Export Markets for Titanium from the United States in 2022:
- United Kingdom (2426.5 tons)
- Italy (816.8 tons)
- France (803.0 tons)
- Canada (475.0 tons)
- Mexico (356.1 tons)
- Germany (126.0 tons)
This report provides an in-depth analysis of the titanium market 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
-
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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The article discusses the increase in U.S. titanium imports in 2023, with a 39% rise in volume and a significant growth in value terms. Japan was the largest supplier, followed by Saudi Arabia and Russia. Import prices varied among the top countries, with Kazakhstan having the highest price per ton. Overall, the import price remained relatively flat with some fluctuations over the years.
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