Northern America: Ferro-Titanium And Ferro-Silico-Titanium Market 2024

Ferro-Titanium And Ferro-Silico-Titanium Market Size in Northern America

The North American ferro-titanium and ferro-silico-titanium market expanded notably to $X in 2023, rising by X% against the previous year. The total consumption indicated a mild increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Ferro-Titanium And Ferro-Silico-Titanium Production in Northern America

In value terms, ferro-titanium and ferro-silico-titanium production reached $X in 2023 estimated in export price. In general, production showed a slight decrease. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Ferro-Titanium And Ferro-Silico-Titanium Exports

Exports in Northern America

In 2023, approx. X tons of ferro-titanium and ferro-silico-titanium were exported in Northern America; falling by X% against 2022. Overall, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, ferro-titanium and ferro-silico-titanium exports plummeted to $X in 2023. Over the period under review, exports saw a abrupt decline. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

The United States was the main exporter of ferro-titanium and ferro-silico-titanium in Northern America, with the volume of exports reaching X tons, which was near X% of total exports in 2023. It was distantly followed by Canada (X tons), mixing up a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for the United States (with a CAGR of X%).

In value terms, the United States ($X) and Canada ($X) appeared to be the countries with the highest levels of exports in 2023.

Among the main exporting countries, Canada, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2023, rising by X% against the previous year. Export price indicated a slight increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, ferro-titanium and ferro-silico-titanium export price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%).

Ferro-Titanium And Ferro-Silico-Titanium Imports

Imports in Northern America

Ferro-titanium and ferro-silico-titanium imports contracted to X tons in 2023, shrinking by X% compared with 2022 figures. Total imports indicated a modest expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, ferro-titanium and ferro-silico-titanium imports dropped to $X in 2023. Overall, imports, however, saw a mild increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2022, and then fell in the following year.

Imports by Country

The United States was the key importing country with an import of around X tons, which reached X% of total imports. It was distantly followed by Canada (X tons), generating a X% share of total imports.

The United States was also the fastest-growing in terms of the ferro-titanium and ferro-silico-titanium imports, with a CAGR of X% from 2012 to 2023. Canada (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the United States increased by X percentage points.

In value terms, the United States ($X) constitutes the largest market for imported ferro-titanium and ferro-silico-titanium in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

In the United States, ferro-titanium and ferro-silico-titanium imports expanded at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

In 2023, the import price in Northern America amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2022, and then shrank in the following year.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform