Report Latin America and the Caribbean - Titanium Sponge, Powders, Ingots and Slabs - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jun 23, 2022

Latin America and the Caribbean - Titanium Sponge, Powders, Ingots and Slabs - Market Analysis, Forecast, Size, Trends and Insights
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Latin America and the Caribbean: Titanium Market 2022

Titanium Market Size in Latin America and the Caribbean

In 2021, after three years of growth, there was decline in the Latin American titanium market, when its value decreased by -X% to $X. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The level of consumption peaked at $X in 2020, and then reduced modestly in the following year.

Titanium Production in Latin America and the Caribbean

In value terms, titanium production declined slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2020, and then fell modestly in the following year.

Production By Country in Latin America and the Caribbean

Brazil (X tonnes) constituted the country with the largest volume of titanium production, accounting for X% of total volume. Moreover, titanium production in Brazil exceeded the figures recorded by the second-largest producer, Colombia (X tonnes), fivefold. The third position in this ranking was occupied by Guatemala (X tonnes), with a X% share.

From 2012 to 2021, the average annual growth rate of volume in Brazil amounted to +X%. The remaining producing countries recorded the following average annual rates of production growth: Colombia (+X% per year) and Guatemala (+X% per year).

Titanium Exports

Exports in Latin America and the Caribbean

In 2021, overseas shipments of titanium sponge, powders, ingots and slabs were finally on the rise to reach X tonnes for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, faced a sharp reduction. Over the period under review, the exports reached the maximum at X tonnes in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, titanium exports expanded to $X in 2021. Overall, exports, however, showed a deep reduction. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, Mexico (X tonnes) represented the major exporter of titanium sponge, powders, ingots and slabs, generating X% of total exports. It was distantly followed by Costa Rica (X kg) and Colombia (X kg), together achieving a X% share of total exports.

Exports from Mexico decreased at an average annual rate of -X% from 2012 to 2021. At the same time, Costa Rica (+X%) displayed positive paces of growth. Moreover, Costa Rica emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2012-2021. By contrast, Colombia (-X%) illustrated a downward trend over the same period. While the share of Mexico (+X p.p.), Costa Rica (+X p.p.) and Colombia (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Costa Rica ($X) remains the largest titanium supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Costa Rica amounted to +X%. In the other countries, the average annual rates were as follows: Mexico (-X% per year) and Colombia (-X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per tonne in 2021, declining by -X% against the previous year. In general, the export price, however, continues to indicate a remarkable increase. The growth pace was the most rapid in 2020 an increase of X%. As a result, the export price reached the peak level of $X per tonne, and then fell remarkably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Costa Rica ($X per tonne), while Mexico ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Costa Rica (+X%), while the other leaders experienced mixed trends in the export price figures.

Titanium Imports

Imports in Latin America and the Caribbean

In 2021, purchases abroad of titanium sponge, powders, ingots and slabs decreased by -X% to X tonnes, falling for the third consecutive year after two years of growth. In general, imports recorded a slight decline. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X tonnes. From 2014 to 2021, the growth imports remained at a lower figure.

In value terms, titanium imports dropped remarkably to $X in 2021. Over the period under review, imports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Brazil represented the main importer of titanium sponge, powders, ingots and slabs in Latin America and the Caribbean, with the volume of imports finishing at X tonnes, which was near X% of total imports in 2021. Argentina (X tonnes) occupied the second position in the ranking, distantly followed by Mexico (X tonnes), Costa Rica (X tonnes), Jamaica (X tonnes) and Peru (X tonnes). All these countries together held near X% share of total imports. The Dominican Republic (X tonnes) followed a long way behind the leaders.

Imports into Brazil decreased at an average annual rate of -X% from 2012 to 2021. At the same time, Costa Rica (+X%), Argentina (+X%), Jamaica (+X%) and Peru (+X%) displayed positive paces of growth. Moreover, Costa Rica emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2012-2021. By contrast, the Dominican Republic (-X%) and Mexico (-X%) illustrated a downward trend over the same period. Argentina (+X p.p.), Costa Rica (+X p.p.), Jamaica (+X p.p.) and Peru (+X p.p.) significantly strengthened its position in terms of the total imports, while Mexico and Brazil saw its share reduced by -X% and -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest titanium importing markets in Latin America and the Caribbean were Brazil ($X), Costa Rica ($X) and Argentina ($X), together comprising X% of total imports.

Costa Rica, with a CAGR of +X%, recorded the highest growth rate of the value of imports, among the main importing countries 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 Latin America and the Caribbean amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, the import price saw a mild curtailment. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The level of import peaked at $X per tonne in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Costa Rica (+X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tonnes

Frequently Asked Questions (FAQ) :

What are the largest markets for titanium sponge, powders, ingots and slabs in LatAmerica and the Caribbean?
+
The country with the largest volume of titanium consumption was Brazil, comprising approx. 66% of total volume. Moreover, titanium consumption in Brazil exceeded the figures recorded by the second-largest consumer, Colombia, fivefold. Guatemala ranked third in terms of total consumption with a 6.3% share.
What are the largest producers of titanium sponge, powders, ingots and slabs in LatAmerica and the Caribbean?
+
Brazil constituted the country with the largest volume of titanium production, accounting for 66% of total volume. Moreover, titanium production in Brazil exceeded the figures recorded by the second-largest producer, Colombia, fivefold. Guatemala ranked third in terms of total production with a 6.3% share.
What are the leading suppliers of titanium sponge, powders, ingots and slabs in LatAmerica and the Caribbean?
+
In value terms, Costa Rica remains the largest titanium supplier in Latin America and the Caribbean, comprising 67% of total exports. The second position in the ranking was occupied by Mexico, with a 23% share of total exports.
What are the leading importers of titanium sponge, powders, ingots and slabs in LatAmerica and the Caribbean?
+
In value terms, the largest titanium importing markets in Latin America and the Caribbean were Brazil, Costa Rica and Argentina, together accounting for 77% of total imports.
What is the average export price for titanium sponge, powders, ingots and slabs in LatAmerica and the Caribbean?
+
In 2021, the export price in Latin America and the Caribbean amounted to $34,244 per tonne, reducing by -17.9% against the previous year.
What is the average import price for titanium sponge, powders, ingots and slabs in LatAmerica and the Caribbean?
+
In 2021, the import price in Latin America and the Caribbean amounted to $11,126 per tonne, shrinking by -2.9% against the previous year.

This report provides an in-depth analysis of the titanium market in Latin America and the Caribbean. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
Country coverage:
• Anguilla
• Antigua and Barbuda
• Aruba
• Bahamas
• Barbados
• Belize
• Bolivia
• British Virgin Islands
• Cayman Islands
• Costa Rica
• Curacao
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Saint Kitts and Nevis
• Saint Lucia
• Saint Maarten (Dutch part)
• Saint Vincent and the Grenadines
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Latin America and the Caribbean, split by region and country
• Trade (exports and imports) in Latin America and the Caribbean
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Anguilla
• Antigua and Barbuda
• Argentina
• Aruba
• Bahamas
• Barbados
• Belize
• Bolivia
• Brazil
• British Virgin Islands
• Cayman Islands
• Chile
• Colombia
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Mexico
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Peru
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela
• Puerto Rico
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption, By Country, 2015–2021
Table 5:
Production, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Physical Terms, By Country, 2012–2021
Table 7:
Imports, In Value Terms, By Country, 2012–2021
Table 8:
Import Prices, By Country Of Destination, 2012–2021
Table 9:
Exports, In Physical Terms, By Country, 2012–2021
Table 10:
Exports, In Value Terms, By Country, 2012–2021
Table 11:
Export Prices, By Country Of Origin, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2021
Figure 17:
Production, In Value Terms, 2012–2021
Figure 18:
Production, By Country, 2021
Figure 19:
Production, In Physical Terms, By Country, 2012–2021
Figure 20:
Imports, In Physical Terms, 2012–2021
Figure 21:
Imports, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, By Country, 2021
Figure 23:
Imports, In Physical Terms, By Country, 2012–2021
Figure 24:
Imports, In Value Terms, By Country, 2012–2021
Figure 25:
Import Prices, By Country, 2012–2021
Figure 26:
Exports, In Physical Terms, 2012–2021
Figure 27:
Exports, In Value Terms, 2012–2021
Figure 28:
Exports, In Physical Terms, By Country, 2021
Figure 29:
Exports, In Physical Terms, By Country, 2012–2021
Figure 30:
Exports, In Value Terms, By Country, 2012–2021
Figure 31:
Export Prices, 2012–2021
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