Italy: Titanium Market 2024

Titanium Market Size in Italy

The Italian titanium market rose rapidly to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, saw a perceptible descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Titanium Production in Italy

In value terms, titanium production totaled $X in 2022 estimated in export price. Over the period under review, production, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Titanium Exports

Exports from Italy

In 2022, shipments abroad 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 prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, titanium exports surged to $X in 2022. In general, exports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for titanium exports from Italy, accounting for a X% share of total exports. Moreover, titanium exports to the Czech Republic exceeded the volume sent to the second major destination, Spain (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic stood at X%.

In value terms, the Czech Republic ($X) remains the key foreign market for titanium sponge, powders, ingots and slabs exports from Italy, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic totaled X%.

Export Prices by Country

In 2022, the average titanium export price amounted to $X per ton, reducing by X% against the previous year. Overall, the export price continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 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 the Czech Republic ($X per ton), while the average price for exports to Spain totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (X%), while the prices for the other major destinations experienced a decline.

Titanium Imports

Imports into Italy

In 2022, supplies from abroad of titanium sponge, powders, ingots and slabs was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, titanium imports soared to $X in 2022. Over the period under review, imports saw prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

The Czech Republic (X tons), the United States (X tons) and Ukraine (X tons) were the main suppliers of titanium imports to Italy, together comprising X% of total imports. Kazakhstan, China, Germany, the Netherlands and Slovenia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Kazakhstan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest titanium suppliers to Italy were the United States ($X), the Czech Republic ($X) and China ($X), with a combined X% share of total imports. Ukraine, Kazakhstan, Germany, Slovenia and the Netherlands lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Kazakhstan, with a CAGR of X%, 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 2022, the average titanium import price amounted to $X per ton, flattening at the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2020; however, from 2021 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 United States ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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