Asia: Titanium Market 2022

Titanium Market Size in Asia

After five years of growth, the Asian titanium market decreased by -X% to $X in 2021. The total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2015 indices. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Titanium Production in Asia

In value terms, titanium production shrank to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then shrank in the following year.

Production By Country in Asia

The countries with the highest volumes of in 2021 were China (X tonnes), Japan (X tonnes) and Indonesia (X tonnes), with a combined X% share of total production. Kazakhstan, Pakistan, the Philippines, Thailand, Malaysia and Iraq lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in the Philippines (with a CAGR of +X%), while production for the other leaders experienced more modest paces of growth.

Titanium Exports

Exports in Asia

In 2021, approx. X tonnes of titanium sponge, powders, ingots and slabs were exported in Asia; increasing by X% compared with 2020 figures. In general, exports, however, continue to indicate a perceptible reduction. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. The volume of export peaked at X tonnes in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, titanium exports soared to $X in 2021. Overall, exports, however, recorded a pronounced contraction. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Japan (X tonnes) and Kazakhstan (X tonnes) prevails in exports structure, together making up X% of total exports. China (X tonnes) followed a long way behind the leaders.

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

In value terms, Japan ($X), Kazakhstan ($X) and China ($X) constituted the countries with the highest levels of exports in 2021, together accounting for X% of total exports.

Kazakhstan, with a CAGR of -X%, recorded 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 Asia stood at $X per tonne in 2021, increasing by X% against the previous year. Overall, the export price, however, saw a mild slump. The growth pace was the most rapid 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 remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Japan ($X per tonne), while Kazakhstan ($X per tonne) was amongst the lowest.

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

Titanium Imports

Imports in Asia

Titanium imports surged to X tonnes in 2021, increasing by X% on 2020. In general, imports continue to indicate a moderate increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, titanium imports surged to $X in 2021. Overall, imports showed a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China was the main importer of titanium sponge, powders, ingots and slabs in Asia, with the volume of imports recording X tonnes, which was near X% of total imports in 2021. It was distantly followed by South Korea (X tonnes), committing a X% share of total imports. India (X tonnes) and Qatar (X tonnes) occupied a relatively small share of total imports.

China 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, India (+X%) and Qatar (+X%) displayed positive paces of growth. By contrast, South Korea (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and India increased by +X and +X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported titanium sponge, powders, ingots and slabs in Asia, comprising X% of total imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +X%. In the other countries, the average annual rates were as follows: South Korea (-X% per year) and India (+X% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per tonne, dropping by -X% against the previous year. Over the period under review, the import price recorded a noticeable reduction. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, import prices hit record highs at $X per tonne in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

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

Source: IndexBox Platform