Africa: Titanium Market 2022

Titanium Market Size in Africa

In 2021, after five years of growth, there was decline in the African titanium market, when its value decreased by -X% to $X. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Titanium Production in Africa

In value terms, titanium production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Production By Country in Africa

The country with the largest volume of titanium production was Nigeria (X tonnes), accounting for X% of total volume. Moreover, titanium production in Nigeria exceeded the figures recorded by the second-largest producer, South Africa (X tonnes), twofold. Algeria (X tonnes) ranked third in terms of total production with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume in Nigeria stood at -X%. In the other countries, the average annual rates were as follows: South Africa (+X% per year) and Algeria (+X% per year).

Titanium Exports

Exports in Africa

In 2021, the amount of titanium sponge, powders, ingots and slabs exported in Africa declined rapidly to X tonnes, dropping by -X% against the year before. Overall, exports showed a drastic downturn. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tonnes. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, titanium exports fell markedly to $X in 2021. In general, exports showed a deep setback. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa was the largest exporter of titanium sponge, powders, ingots and slabs in Africa, with the volume of exports recording X tonnes, which was near X% of total exports in 2021. It was distantly followed by Guinea (X tonnes), achieving a X% share of total exports. Morocco (X kg) occupied a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Morocco (with a CAGR of -X%), while the other leaders experienced a decline in the exports figures.

In value terms, Guinea ($X), South Africa ($X) and Morocco ($X) appeared to be the countries with the highest levels of exports in 2021.

Morocco, with a CAGR of -X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Africa stood at $X per tonne in 2021, growing by X% against the previous year. Overall, the export price, however, continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. The level of export peaked at $X per tonne in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Morocco ($X per tonne), while South Africa ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (-X%), while the other leaders experienced a decline in the export price figures.

Titanium Imports

Imports in Africa

In 2021, supplies from abroad of titanium sponge, powders, ingots and slabs decreased by -X% to X tonnes, falling for the second consecutive year after three years of growth. Overall, imports, however, showed a temperate increase. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure at X tonnes in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, titanium imports reached $X in 2021. Over the period under review, imports, however, faced a abrupt decline. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Nigeria dominates imports structure, recording X tonnes, which was near X% of total imports in 2021. It was distantly followed by Zambia (X tonnes) and South Africa (X tonnes), together comprising a X% share of total imports. Morocco (X tonnes) and Botswana (X tonnes) occupied a relatively small share of total imports.

Nigeria was also the fastest-growing in terms of the titanium sponge, powders, ingots and slabs imports, with a CAGR of +X% from 2012 to 2021. At the same time, Zambia (+X%) and Morocco (+X%) displayed positive paces of growth. By contrast, Botswana (-X%) and South Africa (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Nigeria and Zambia increased by +X and +X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest titanium importing markets in Africa were Morocco ($X), South Africa ($X) and Nigeria ($X), together accounting for X% of total imports.

In terms of the main importing countries, Nigeria, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Africa amounted to $X per tonne, jumping by X% against the previous year. In general, the import price, however, continues to indicate a sharp shrinkage. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, import price attained the peak level of $X per tonne. From 2014 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Morocco ($X per tonne), while Nigeria ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform