MERCOSUR: Titanium Market 2023

Titanium Market Size in MERCOSUR

In 2022, the MERCOSUR titanium market increased by 0.1% to $X, rising for the second year in a row after five years of decline. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Titanium Production in MERCOSUR

In value terms, titanium production reached $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 20%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Titanium Exports

Exports in MERCOSUR

In 2022, after two years of growth, there was significant decline in overseas shipments of titanium sponge, powders, ingots and slabs, when their volume decreased by -65.1% to X tons. In general, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 1,589% against the previous year. As a result, the exports reached the peak of X tons, and then contracted remarkably in the following year.

In value terms, titanium exports declined dramatically to $X in 2022. Overall, exports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 501% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of titanium sponge, powders, ingots and slabs, namely Brazil, represented more than two-thirds of total export.

Brazil was also the fastest-growing in terms of the titanium sponge, powders, ingots and slabs exports, with a CAGR of -6.8% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest titanium supplier in MERCOSUR.

In Brazil, titanium exports shrank by an average annual rate of -15.9% over the period from 2012-2022.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, surging by 43% against the previous year. Over the period under review, the export price, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2013 when the export price increased by 64% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to -9.8% per year.

Titanium Imports

Imports in MERCOSUR

In 2022, supplies from abroad of titanium sponge, powders, ingots and slabs increased by 42% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports showed a slight expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, titanium imports surged to $X in 2022. In general, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons) represented the main importer of titanium sponge, powders, ingots and slabs, committing 83% of total imports. It was distantly followed by Argentina (X tons), creating a 13% share of total imports. Peru (X tons) followed a long way behind the leaders.

Brazil experienced a relatively flat trend pattern with regard to volume of imports of titanium sponge, powders, ingots and slabs. At the same time, Argentina (+44.6%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +44.6% from 2012-2022. By contrast, Peru (-8.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Argentina increased by +12 percentage points.

In value terms, Brazil ($X) constitutes the largest market for imported titanium sponge, powders, ingots and slabs in MERCOSUR, comprising 84% of total imports. The second position in the ranking was taken by Argentina ($X), with an 8.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Brazil was relatively modest. In the other countries, the average annual rates were as follows: Argentina (+27.3% per year) and Peru (-7.4% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, with an increase of 24% against the previous year. In general, the import price, however, showed a mild reduction. The most prominent rate of growth was recorded in 2018 an increase of 33%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+1.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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