Japan: Titanium Market 2024

Titanium Market Size in Japan

The Japanese titanium market fell dramatically to $X in 2022, which is down by X% against the previous year. In general, consumption continues to indicate a mild contraction. Titanium consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Titanium Production in Japan

In value terms, titanium production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. Titanium production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Titanium Exports

Exports from Japan

Titanium exports from Japan surged to X tons in 2022, increasing by X% against 2021 figures. Over the period under review, total exports indicated a modest increase 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, exports increased by X% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, titanium exports soared to $X in 2022. In general, exports, however, recorded a slight slump. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for titanium exports from Japan, with a X% share of total exports. Moreover, titanium exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), sixfold. The third position in this ranking was taken by China (X tons), with a X% share.

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

In value terms, the United States ($X) remains the key foreign market for titanium sponge, powders, ingots and slabs exports from Japan, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by China, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the average titanium export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Titanium Imports

Imports into Japan

In 2022, the amount of titanium sponge, powders, ingots and slabs imported into Japan declined rapidly to X tons, waning by X% compared with the previous year. Overall, imports saw a sharp downturn. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, titanium imports contracted notably to $X in 2022. Over the period under review, imports showed a precipitous decline. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest titanium supplier to Japan, accounting for a X% share of total imports. Moreover, titanium imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Canada (X% per year).

In value terms, the largest titanium suppliers to Japan were Canada ($X), China ($X) and the United States ($X), together accounting for X% of total imports.

In terms of the main suppliers, Canada, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average titanium import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for China ($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 United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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