Luxembourg: Titanium Market 2023

Titanium Market Size in Luxembourg

In 2022, the Luxembourg titanium market decreased by 99.9% to less than $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, saw a deep contraction. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Titanium Production in Luxembourg

In value terms, titanium production expanded modestly to $X in 2022 estimated in export price. Overall, production saw a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 19%. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

Titanium Exports

Exports from Luxembourg

In 2021, overseas shipments of titanium sponge, powders, ingots and slabs decreased by 0% to X kg, falling for the third year in a row after three years of growth. Overall, exports recorded a precipitous curtailment. The pace of growth was the most pronounced in 2018 with an increase of 478,600%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, titanium exports stood at $X in 2021. In general, exports continue to indicate a sharp contraction. The pace of growth was the most pronounced in 2018 when exports increased by 204,325% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X kg) was the main destination for titanium exports from Luxembourg, accounting for a approx. 100% share of total exports.

From 2013 to 2021, the average annual rate of growth in terms of volume to France stood at +165.9%.

From 2013 to 2021, the average annual rate of growth in terms of value to France totaled +75.2%.

Export Prices by Country

The average titanium export price stood at $X per ton in 2021, approximately mirroring the previous year. Overall, the export price recorded a deep slump. The pace of growth appeared the most rapid in 2014 when the average export price increased by 51%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for France.

From 2013 to 2021, the rate of growth in terms of prices for France amounted to -34.1% per year.

Titanium Imports

Imports into Luxembourg

In 2022, titanium imports into Luxembourg soared to X kg, with an increase of 1,039% against 2021. In general, imports, however, continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2020 with an increase of 66,050%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, titanium imports surged to $X in 2022. Overall, imports, however, saw a sharp curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 35,138% 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

In 2022, Austria (X kg) constituted the largest titanium supplier to Luxembourg, accounting for a 90% share of total imports. Moreover, titanium imports from Austria exceeded the figures recorded by the second-largest supplier, Switzerland (X kg), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Austria stood at -34.7%.

In value terms, Austria ($X) constituted the largest supplier of titanium sponge, powders, ingots and slabs to Luxembourg, comprising 68% of total imports. The second position in the ranking was held by Switzerland ($X), with a 32% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Austria totaled -12.8%.

Import Prices by Country

In 2022, the average titanium import price amounted to $X per ton, dropping by -16.8% against the previous year. Overall, the import price, however, recorded a buoyant increase. The growth pace was the most rapid in 2017 when the average import price increased by 812%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Austria totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+33.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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