Benelux: Titanium Market 2023

Titanium Market Size in Benelux

The Benelux titanium market amounted to $X in 2022, increasing by 4.1% against the previous year. In general, consumption, however, showed a noticeable descent. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Titanium Production in Benelux

In value terms, titanium production expanded to $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced contraction. The pace of growth was the most pronounced in 2017 with an increase of 21% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Titanium Exports

Exports in Benelux

In 2022, after two years of growth, there was significant decline in shipments abroad of titanium sponge, powders, ingots and slabs, when their volume decreased by -72.5% to X tons. Overall, exports faced a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 63%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, titanium exports declined rapidly to $X in 2022. In general, exports faced a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 68% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands dominates exports structure, accounting for X tons, which was approx. 97% of total exports in 2022. Belgium (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to titanium exports from the Netherlands stood at -16.0%. Belgium (-2.0%) illustrated a downward trend over the same period. While the share of Belgium (+2.4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Netherlands (-2.4 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) remains the largest titanium supplier in Benelux, comprising 95% of total exports. The second position in the ranking was held by Belgium ($X), with a 5.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands amounted to -15.6%.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, growing by 49% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.5%).

Titanium Imports

Imports in Benelux

Titanium imports fell dramatically to X tons in 2022, dropping by -60.1% on the previous year's figure. Overall, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2017 when imports increased by 65%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, titanium imports shrank sharply to $X in 2022. Over the period under review, imports saw a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of 51%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) was the major importer of titanium sponge, powders, ingots and slabs, comprising 87% of total imports. It was distantly followed by Belgium (X tons), comprising a 13% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to titanium imports into the Netherlands stood at -15.8%. Belgium experienced a relatively flat trend pattern. From 2012 to 2022, the share of Belgium increased by +10 percentage points.

In value terms, the Netherlands ($X) constitutes the largest market for imported titanium sponge, powders, ingots and slabs in Benelux, comprising 68% of total imports. The second position in the ranking was held by Belgium ($X), with a 32% share of total imports.

In the Netherlands, titanium imports decreased by an average annual rate of -17.1% over the period from 2012-2022.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, jumping by 23% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.0%).

Source: IndexBox Market Intelligence Platform

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