Europe: Titanium Market 2023

Titanium Market Size in Europe

In 2021, the Europe titanium market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 6.4% against the previous year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Titanium Production in Europe

In value terms, titanium production totaled $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 6.4% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Titanium Exports

Exports in Europe

In 2021, shipments abroad of titanium sponge, powders, ingots and slabs was finally on the rise to reach X tons after three years of decline. Overall, exports, however, continue to indicate a pronounced descent. The pace of growth was the most pronounced in 2017 with an increase of 21%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, titanium exports stood at $X in 2021. Over the period under review, exports, however, continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2017 with an increase of 26%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Ukraine (X tons) and Russia (X tons) were the largest exporters of titanium sponge, powders, ingots and slabs in Europe, together finishing at approx. 59% of total exports. The Netherlands (X tons) took the next position in the ranking, followed by Germany (X tons) and Italy (X tons). All these countries together took approx. 33% share of total exports. France (X tons) and the UK (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Italy (with a CAGR of +10.2%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest titanium supplying countries in Europe were Russia ($X), Ukraine ($X) and Germany ($X), with a combined 66% share of total exports. The Netherlands, Italy, France and the UK lagged somewhat behind, together comprising a further 27%.

Italy, with a CAGR of +8.5%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, increasing by 6.3% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the export price increased by 17% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+4.9%), while the other leaders experienced more modest paces of growth.

Titanium Imports

Imports in Europe

In 2021, purchases abroad of titanium sponge, powders, ingots and slabs decreased by -5.4% to X tons, falling for the third year in a row after four years of growth. In general, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2018 when imports increased by 22%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, titanium imports fell to $X in 2021. Over the period under review, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2018 when imports increased by 22%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The countries with the highest levels of titanium imports in 2021 were the UK (X tons), Germany (X tons), France (X tons), Russia (X tons), Italy (X tons) and the Netherlands (X tons), together finishing at 81% of total import. The Czech Republic (X tons) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Czech Republic (with a CAGR of +58.2%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, France ($X), the UK ($X) and Italy ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 50% of total imports. These countries were followed by Germany, Russia, the Czech Republic and the Netherlands, which together accounted for a further 32%.

In terms of the main importing countries, the Czech Republic, with a CAGR of +61.0%, saw the highest rates of growth with regard to 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

In 2021, the import price in Europe amounted to $X per ton, with a decrease of -2.6% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 6.7% against the previous year. The level of import peaked at $X per ton in 2020, and then contracted slightly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+1.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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