Iran: Market for Titanium Ores and Concentrates 2024

Market Size for Titanium Ores and Concentrates in Iran

The Iranian titanium ore and concentrate market was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption enjoyed a buoyant increase. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Exports of Titanium Ores and Concentrates

Exports from Iran

After four years of growth, shipments abroad of titanium ores and concentrates decreased by X% to X tons in 2022. In general, exports continue to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, titanium ore and concentrate exports dropped markedly to $X in 2022. Over the period under review, exports recorded a dramatic descent. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Uzbekistan (X tons) was the main destination for titanium ore and concentrate exports from Iran, accounting for a X% share of total exports. It was followed by China (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Uzbekistan was relatively modest.

In value terms, Uzbekistan ($X) emerged as the key foreign market for titanium ores and concentrates exports from Iran, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Uzbekistan was relatively modest.

Export Prices by Country

In 2022, the average titanium ore and concentrate export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to China totaled $X per ton.

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

Imports of Titanium Ores and Concentrates

Imports into Iran

In 2022, supplies from abroad of titanium ores and concentrates was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2022: its volume 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. Based on 2022 figures, imports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, titanium ore and concentrate imports stood at $X in 2022. Overall, imports posted prominent growth. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of titanium ore and concentrate to Iran, with a X% share of total imports. Moreover, titanium ore and concentrate imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), threefold. Ukraine (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and Ukraine (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of titanium ores and concentrates to Iran, comprising X% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total imports. It was followed by Ukraine, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and Ukraine (X% per year).

Import Prices by Country

In 2022, the average titanium ore and concentrate import price amounted to $X per ton, declining by X% against the previous year. In general, import price indicated tangible growth 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. Based on 2022 figures, titanium ore and concentrate import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2021, and then reduced in the following year.

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

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

Source: IndexBox Platform

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