India: Titanium Market 2024

Titanium Market Size in India

In 2022, the Indian titanium market decreased by X% to $X for the first time since 2016, thus ending a five-year rising trend. Overall, consumption, however, saw a resilient expansion. Over the period under review, the market reached the maximum level at $X in 2021, and then shrank in the following year.

Titanium Production in India

In value terms, titanium production reduced markedly to $X in 2022 estimated in export price. In general, production, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

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Titanium Exports

Exports from India

In 2022, overseas shipments of titanium sponge, powders, ingots and slabs increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, titanium exports declined to $X in 2022. In general, exports saw a remarkable increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for titanium exports from India, with a X% share of total exports. Moreover, titanium exports to the UK exceeded the volume sent to the second major destination, Canada (X kg), more than tenfold. The third position in this ranking was held by the United States (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and the United States (X% per year).

In value terms, the UK ($X) emerged as the key foreign market for titanium sponge, powders, ingots and slabs exports from India, comprising X% of total exports. The second position in the ranking was taken by Sweden ($X), with a X% share of total exports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the UK stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Canada (X% per year).

Export Prices by Country

The average titanium export price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 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 Sweden ($X per ton), while the average price for exports to the UK ($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 Nepal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Titanium Imports

Imports into India

In 2022, after two years of growth, there was significant decline in supplies from abroad of titanium sponge, powders, ingots and slabs, when their volume decreased by X% to X tons. In general, imports, however, posted resilient growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then dropped notably in the following year.

In value terms, titanium imports surged to $X in 2022. Overall, imports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Kazakhstan (X tons) constituted the largest supplier of titanium to India, accounting for a X% share of total imports. Moreover, titanium imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, Russia (X tons), threefold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Kazakhstan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and China (X% per year).

In value terms, Kazakhstan ($X) constituted the largest supplier of titanium sponge, powders, ingots and slabs to India, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with an X% share of total imports. It was followed by Russia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Kazakhstan totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Russia (X% per year).

Import Prices by Country

In 2022, the average titanium import price amounted to $X per ton, growing by X% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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