Middle East: Titanium Market 2022

Titanium Market Size in the Middle East

In 2021, after three years of growth, there was decline in the Middle Eastern titanium market, when its value decreased by -X% to $X. The total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2016 indices. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Titanium Production in the Middle East

In value terms, titanium production contracted slightly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a resilient increase. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then shrank modestly in the following year.

Production By Country in the Middle East

Iraq (X tonnes) remains the largest titanium producing country in the Middle East, comprising approx. X% of total volume. Moreover, titanium production in Iraq exceeded the figures recorded by the second-largest producer, Jordan (X tonnes), twofold. Kuwait (X tonnes) ranked third in terms of total production with a X% share.

In Iraq, titanium production increased at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Jordan (+X% per year) and Kuwait (+X% per year).

Titanium Exports

Exports in the Middle East

Titanium exports reduced sharply to X kg in 2021, dropping by -X% against the year before. In general, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of X tonnes. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, titanium exports fell notably to $X in 2021. Over the period under review, exports recorded a mild setback. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Israel prevails in exports structure, recording X kg, which was approx. X% of total exports in 2021. Turkey (X kg) followed a long way behind the leaders.

Israel was also the fastest-growing in terms of the titanium sponge, powders, ingots and slabs exports, with a CAGR of +X% from 2012 to 2021. Turkey (-X%) illustrated a downward trend over the same period. percentage points. Turkey (-X p.p.) saw their shares reduced.

In value terms, Israel ($X) emerged as the largest titanium supplier in the Middle East, comprising X% of total exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total exports.

In Israel, titanium exports expanded at an average annual rate of +X% over the period from 2012-2021.

Export Prices by Country

The export price in the Middle East stood at $X per tonne in 2021, with an increase of X% against the previous year. Over the period under review, the export price enjoyed a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Israel ($X per tonne), while Turkey totaled $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+X%).

Titanium Imports

Imports in the Middle East

In 2021, overseas purchases of titanium sponge, powders, ingots and slabs increased by X% to X tonnes, rising for the second year in a row after three years of decline. In general, imports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports reached the peak of X tonnes. From 2017 to 2021, the growth imports remained at a lower figure.

In value terms, titanium imports declined slightly to $X in 2021. Over the period under review, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth imports remained at a somewhat lower figure.

Imports by Country

Qatar dominates imports structure, recording X tonnes, which was near X% of total imports in 2021. It was distantly followed by Bahrain (X tonnes), generating a X% share of total imports. The following importers - Turkey (X tonnes), Israel (X tonnes), the United Arab Emirates (X tonnes) and Iran (X tonnes) - together made up X% of total imports.

Imports into Qatar increased at an average annual rate of +X% from 2012 to 2021. At the same time, Iran (+X%) and Turkey (+X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +X% from 2012-2021. By contrast, Bahrain (-X%), Israel (-X%) and the United Arab Emirates (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Qatar, Turkey and Iran increased by +X, +X and +X percentage points, respectively.

In value terms, Qatar ($X) constitutes the largest market for imported titanium sponge, powders, ingots and slabs in the Middle East, comprising X% of total imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Qatar stood at -X%. In the other countries, the average annual rates were as follows: Turkey (+X% per year) and the United Arab Emirates (-X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per tonne in 2021, falling by -X% against the previous year. Overall, the import price showed a abrupt decrease. The growth pace was the most rapid in 2015 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per tonne. From 2016 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Turkey ($X per tonne), while Qatar ($X per tonne) was amongst the lowest.

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

Source: IndexBox Platform