Eastern Asia: Market for Titanium Ores and Concentrates 2024

Market Size for Titanium Ores and Concentrates in Eastern Asia

The East Asian titanium ore and concentrate market declined to $X in 2022, reducing by X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2021, and then fell in the following year.

Production of Titanium Ores and Concentrates in Eastern Asia

In value terms, titanium ore and concentrate production dropped slightly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Titanium Ores and Concentrates

Exports in Eastern Asia

In 2022, shipments abroad of titanium ores and concentrates decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, posted a notable expansion. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped significantly in the following year.

In value terms, titanium ore and concentrate exports reduced to $X in 2022. In general, exports, however, showed a moderate expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The level of export peaked at $X in 2021, and then reduced in the following year.

Exports by Country

South Korea dominates exports structure, finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by China (X tons), constituting a X% share of total exports.

South Korea was also the fastest-growing in terms of the titanium ores and concentrates exports, with a CAGR of X% from 2012 to 2022. China (X%) illustrated a downward trend over the same period. South Korea (X p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest titanium ore and concentrate supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, saw a mild decline. The most prominent rate of growth was recorded in 2021 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 failed to regain momentum.

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 South Korea amounted to $X per ton.

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

Imports of Titanium Ores and Concentrates

Imports in Eastern Asia

After two years of growth, purchases abroad of titanium ores and concentrates decreased by X% to X tons in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, titanium ore and concentrate imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a mild expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

China was the major importer of titanium ores and concentrates in Eastern Asia, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by Japan (X tons), creating an X% share of total imports. The following importers - Taiwan (Chinese) (X tons) and South Korea (X tons) - each accounted for a X% share of total imports.

China was also the fastest-growing in terms of the titanium ores and concentrates imports, with a CAGR of X% from 2012 to 2022. Taiwan (Chinese) (X%), Japan (X%) and South Korea (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported titanium ores and concentrates in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

In China, titanium ore and concentrate imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while China ($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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