China: Titanium Market 2023

Titanium Market Size in China

The Chinese titanium market expanded markedly to $X in 2022, surging by 6% against the previous year. In general, consumption enjoyed measured growth. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2022.

Titanium Production in China

In value terms, titanium production expanded sharply to $X in 2022 estimated in export price. Overall, production continues to indicate a mild expansion. The pace of growth appeared the most rapid in 2020 with an increase of 40%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Titanium Exports

Exports from China

In 2022, overseas shipments of titanium sponge, powders, ingots and slabs increased by 124% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports, however, continue to indicate a perceptible contraction. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, titanium exports skyrocketed to $X in 2022. In general, exports, however, showed a deep setback. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons), the United States (X tons) and South Korea (X tons) were the main destinations of titanium exports from China, together comprising 66% of total exports. These countries were followed by India, Germany, Spain, Russia, Sweden, Japan and the UK, which together accounted for a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +77.2%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and South Korea ($X) constituted the largest markets for titanium exported from China worldwide, with a combined 62% share of total exports. Germany, India, Russia, Spain, Sweden, Japan and the UK lagged somewhat behind, together comprising a further 26%.

Among the main countries of destination, Russia, with a CAGR of +75.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average titanium export price stood at $X per ton in 2022, increasing by 7.7% against the previous year. Overall, the export price, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by 26%. Over the period under review, the average 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.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Titanium Imports

Imports into China

In 2022, the amount of titanium sponge, powders, ingots and slabs imported into China rose to X tons, surging by 3.6% compared with the previous year's figure. In general, imports recorded a significant expansion. The growth pace was the most rapid in 2016 when imports increased by 1,435% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, titanium imports dropped to $X in 2022. Overall, imports enjoyed a significant expansion. The growth pace was the most rapid in 2016 when imports increased by 264% against the previous year. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

Japan (X tons), Kazakhstan (X tons) and Saudi Arabia (X tons) were the main suppliers of titanium imports to China, together accounting for 89% of total imports.

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of +70.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest titanium suppliers to China were Japan ($X), Kazakhstan ($X) and Saudi Arabia ($X), together comprising 88% of total imports.

Among the main suppliers, Kazakhstan, with a CAGR of +65.3%, recorded the highest growth rate of 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

The average titanium import price stood at $X per ton in 2022, falling by -11.6% against the previous year. Over the period under review, the import price showed a deep reduction. The pace of growth appeared the most rapid in 2015 an increase of 75% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per ton) and Saudi Arabia ($X per ton), while the price for Canada ($X per ton) and Ukraine ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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