New Zealand: Titanium Market 2023

Titanium Market Size in New Zealand

After six years of growth, the New Zealand titanium market decreased by -3.1% to $X in 2021. Over the period under review, consumption, however, saw a relatively flat trend pattern. Titanium consumption peaked at $X in 2020, and then fell in the following year.

Titanium Production in New Zealand

In value terms, titanium production contracted to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 26% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then contracted in the following year.

Titanium Exports

Exports from New Zealand

In 2021, shipments abroad of titanium sponge, powders, ingots and slabs decreased by -77.9% to X kg, falling for the third year in a row after four years of growth. In general, exports, however, posted a notable expansion. The growth pace was the most rapid in 2018 with an increase of 349% against the previous year. 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 shrank to $X in 2021. Over the period under review, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2013 with an increase of 285% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X kg) and Spain (X kg) were the main destinations of titanium exports from New Zealand.

From 2012 to 2021, the biggest increases were in Spain (with a CAGR of 0.0%).

In value terms, the United States ($X) and Spain ($X) were the largest markets for titanium exported from New Zealand worldwide.

The United States, with a CAGR of +14.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average titanium export price stood at $X per ton in 2021, with an increase of 285% against the previous year. In general, the export price recorded a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+19.8%).

Titanium Imports

Imports into New Zealand

In 2021, overseas purchases of titanium sponge, powders, ingots and slabs increased by 123% to X tons, rising for the second year in a row after two years of decline. In general, imports saw significant growth. The growth pace was the most rapid in 2014 when imports increased by 942%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, titanium imports surged to $X in 2021. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 394%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Canada (X tons) constituted the largest supplier of titanium to New Zealand, accounting for a 50% share of total imports. Moreover, titanium imports from Canada exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by Belgium (X tons), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from Canada stood at +83.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+27.3% per year) and Belgium (+121.7% per year).

In value terms, Canada ($X), Belgium ($X) and Sweden ($X) appeared to be the largest titanium suppliers to New Zealand, together accounting for 93% of total imports.

Belgium, with a CAGR of +126.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average titanium import price amounted to $X per ton, falling by -2.6% against the previous year. Overall, the import price recorded a deep slump. The pace of growth appeared the most rapid in 2017 when the average import price increased by 34% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Sweden ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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