EU: Ferro-Titanium And Ferro-Silico-Titanium Market 2024

Ferro-Titanium And Ferro-Silico-Titanium Market Size in the EU

In 2023, the EU ferro-titanium and ferro-silico-titanium market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Over the period under review, consumption, however, recorded a noticeable contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Ferro-Titanium And Ferro-Silico-Titanium Production in the EU

In value terms, ferro-titanium and ferro-silico-titanium production expanded notably to $X in 2023 estimated in export price. In general, production, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2023, production stood at a somewhat lower figure.

Ferro-Titanium And Ferro-Silico-Titanium Exports

Exports in the EU

In 2023, overseas shipments of ferro-titanium and ferro-silico-titanium increased by X% to X tons, rising for the third year in a row after three years of decline. Total exports indicated strong growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the maximum in 2023 and are expected to retain growth in years to come.

In value terms, ferro-titanium and ferro-silico-titanium exports reduced sharply to $X in 2023. Overall, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2022, and then dropped markedly in the following year.

Exports by Country

The Netherlands (X tons) and Estonia (X tons) represented the main exporters of ferro-titanium and ferro-silico-titanium in 2023, finishing at approx. X% and X% of total exports, respectively. Latvia (X tons) ranks next in terms of the total exports with a X% share, followed by Germany (X%), Poland (X%) and France (X%). Spain (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Latvia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Estonia ($X) and Latvia ($X) were the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

In terms of the main exporting countries, Latvia, with a CAGR of X%, 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

In 2023, the export price in the European Union amounted to $X per ton, waning by X% against the previous year. Overall, the export price continues to indicate a mild contraction. The pace of growth was the most pronounced in 2021 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2022, and then reduced notably in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in France ($X per ton) and Spain ($X per ton), while Latvia ($X per ton) and Estonia ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Latvia (X%), while the other leaders experienced a decline in the export price figures.

Ferro-Titanium And Ferro-Silico-Titanium Imports

Imports in the EU

In 2023, the amount of ferro-titanium and ferro-silico-titanium imported in the European Union rose markedly to X tons, surging by X% against 2022. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2023, the growth of imports failed to regain momentum.

In value terms, ferro-titanium and ferro-silico-titanium imports shrank notably to $X in 2023. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2022, and then contracted rapidly in the following year.

Imports by Country

The Netherlands (X tons) and Germany (X tons) represented the major importers of ferro-titanium and ferro-silico-titanium in 2023, accounting for approx. X% and X% of total imports, respectively. Latvia (X tons) took the next position in the ranking, followed by Estonia (X tons), Austria (X tons), France (X tons), Italy (X tons), Poland (X tons), Spain (X tons) and Belgium (X tons). All these countries together took approx. X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Latvia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports. Latvia, Austria, Estonia, Italy, Belgium, Spain and Poland lagged somewhat behind, together accounting for a further X%.

Latvia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 the European Union stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the import price saw a slight shrinkage. The growth pace was the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2022, and then contracted dramatically in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was France ($X per ton), while Latvia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform