Latin America and the Caribbean: Market for Titanium Ores and Concentrates 2024

Market Size for Titanium Ores and Concentrates in Latin America and the Caribbean

The Latin American titanium ore and concentrate market skyrocketed to $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Titanium Ores and Concentrates in Latin America and the Caribbean

In value terms, titanium ore and concentrate production soared to $X in 2022 estimated in export price. Over the period under review, production saw a moderate expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Titanium Ores and Concentrates

Exports in Latin America and the Caribbean

In 2022, the amount of titanium ores and concentrates exported in Latin America and the Caribbean fell to X tons, waning by X% compared with the previous year. Overall, exports continue to indicate a pronounced downturn. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, titanium ore and concentrate exports dropped markedly to $X in 2022. In general, exports showed a abrupt decline. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil dominates exports structure, resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by the Dominican Republic (X tons), mixing up a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to titanium ore and concentrate exports from Brazil stood at X%. The Dominican Republic experienced a relatively flat trend pattern. While the share of the Dominican Republic (X p.p.) and Brazil (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest titanium ore and concentrate supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Brazil amounted to X%.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, reducing by X% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the Dominican Republic amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%).

Imports of Titanium Ores and Concentrates

Imports in Latin America and the Caribbean

Titanium ore and concentrate imports skyrocketed to X tons in 2022, jumping by X% compared with the year before. Over the period under review, imports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, titanium ore and concentrate imports soared to $X in 2022. Overall, imports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Mexico (X tons) and Brazil (X tons) prevails in imports structure, together comprising X% of total imports. Argentina (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Mexico (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Brazil ($X), Mexico ($X) and Argentina ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Argentina, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, with an increase of X% against the previous year. Import price indicated measured 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 decreased by X% against 2019 indices. The growth pace was the most rapid in 2017 when the import price increased by X%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Argentina ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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