Asia: Titanium Market 2024

Titanium Market Size in Asia

The Asian titanium market rose sharply to $X in 2022, with an increase of X% against the previous year. The total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Titanium Production in Asia

In value terms, titanium production rose rapidly to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Titanium Exports

Exports in Asia

In 2022, the amount of titanium sponge, powders, ingots and slabs exported in Asia soared to X tons, rising by X% against 2021. Overall, exports, however, saw a mild setback. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, titanium exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a perceptible shrinkage. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Japan (X tons) represented the main exporter of titanium sponge, powders, ingots and slabs, making up X% of total exports. Kazakhstan (X tons) ranks second in terms of the total exports with a X% share, followed by Saudi Arabia (X%) and China (X%). The following exporters - Vietnam (X tons) and Malaysia (X tons) - each amounted to a X% share of total exports.

Exports from Japan increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Kazakhstan (X%), China (X%) and Malaysia (X%) illustrated a downward trend over the same period. Saudi Arabia (X p.p.), Japan (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while China, Kazakhstan and Malaysia saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Japan ($X) remains the largest titanium supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Japan amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, approximately reflecting the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced mixed trends in the export price figures.

Titanium Imports

Imports in Asia

Titanium imports totaled X tons in 2022, growing by X% compared with the previous year's figure. In general, imports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, titanium imports totaled $X in 2022. Overall, imports, however, showed a slight downturn. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China was the key importer of titanium sponge, powders, ingots and slabs in Asia, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. South Korea (X tons) took the second position in the ranking, distantly followed by the United Arab Emirates (X tons). All these countries together took near X% share of total imports. The following importers - Taiwan (Chinese) (X tons) and India (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

China, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, falling by X% against the previous year. Overall, the import price, however, showed a perceptible expansion. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The level of import peaked at $X per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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