Middle East: Titanium Market 2024

Titanium Market Size in the Middle East

The Middle Eastern titanium market reached $X in 2022, picking up by X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Titanium Production in the Middle East

In value terms, titanium production amounted to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Titanium Exports

Exports in the Middle East

In 2022, overseas shipments of titanium sponge, powders, ingots and slabs decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The volume of export peaked at X tons in 2021, and then fell in the following year.

In value terms, titanium exports shrank to $X in 2022. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of export peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Saudi Arabia dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2022. Israel (X tons) followed a long way behind the leaders.

Exports from Saudi Arabia increased at an average annual rate of X% from 2012 to 2022. At the same time, Israel (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. Saudi Arabia (X p.p.) and Israel (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest titanium supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Israel ($X), with a X% share of total exports.

In Saudi Arabia, titanium exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, waning by X% against the previous year. In general, the export price recorded a perceptible decline. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 Saudi Arabia ($X per ton), while Israel stood at $X per ton.

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

Titanium Imports

Imports in the Middle East

In 2022, the amount of titanium sponge, powders, ingots and slabs imported in the Middle East skyrocketed to X tons, growing by X% on the previous year. Over the period under review, imports showed a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, titanium imports soared to $X in 2022. Overall, imports showed a relatively flat trend pattern. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates dominates imports structure, recording X tons, which was approx. X% of total imports in 2022. Qatar (X tons) took the second position in the ranking, followed by Israel (X tons). All these countries together took approx. X% share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the titanium sponge, powders, ingots and slabs imports, with a CAGR of X% from 2012 to 2022. Israel experienced a relatively flat trend pattern. Qatar (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In the United Arab Emirates, titanium imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (X% per year) and Israel (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, falling by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Qatar ($X per ton), while Israel ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :