Northern America: Titanium Market 2022

Titanium Market Size in Northern America

In 2021, the North American titanium market decreased by -X% to $X, falling for the second year in a row after two years of growth. Overall, consumption recorded a perceptible reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Titanium Production in Northern America

In value terms, titanium production dropped to $X in 2021 estimated in export price. Overall, production showed a mild curtailment. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Production By Country in Northern America

The United States (X tonnes) remains the largest titanium producing country in Northern America, accounting for X% of total volume. Moreover, titanium production in the United States exceeded the figures recorded by the second-largest producer, Canada (X tonnes), twofold.

In the United States, titanium production remained relatively stable over the period from 2012-2021.

Titanium Exports

Exports in Northern America

In 2021, shipments abroad of titanium sponge, powders, ingots and slabs decreased by -X% to X tonnes, falling for the fourth year in a row after two years of growth. In general, exports, however, showed a moderate expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tonnes in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, titanium exports reduced sharply to $X in 2021. Over the period under review, exports, however, recorded a moderate increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States represented the main exporter of titanium sponge, powders, ingots and slabs in Northern America, with the volume of exports accounting for X tonnes, which was near X% of total exports in 2021. It was distantly followed by Canada (X tonnes), achieving a X% share of total exports.

From 2012 to 2021, the biggest increases were in Canada (with a CAGR of +X value terms, the largest titanium supplying countries in Northern America were the United States ($X) and Canada ($X, with a CAGR of +X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per tonne, which is down by -X% against the previous year. Over the period under review, the export price recorded a slight contraction. The growth pace was the most rapid in 2014 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per tonne in 2020, and then contracted significantly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Canada ($X per tonne), while the United States amounted to $X per tonne.

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

Titanium Imports

Imports in Northern America

In 2021, supplies from abroad of titanium sponge, powders, ingots and slabs decreased by -X% to X tonnes, falling for the second consecutive year after three years of growth. In general, imports recorded a deep downturn. The growth pace was the most rapid in 2017 when imports increased by X%. The volume of import peaked at X tonnes in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, titanium imports dropped notably to $X in 2021. Overall, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The United States prevails in imports structure, accounting for X tonnes, which was approx. X% of total imports in 2021. It was distantly followed by Canada (X tonnes), committing a X% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to titanium imports into the United States stood at -X%. At the same time, Canada (+X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +X% from 2012-2021. percentage points. the United States (-X p.p.) saw their shares reduced.

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

From 2012 to 2021, the average annual growth rate of value in the United States totaled -X%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per tonne, surging by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. As a result, import price attained the peak level of $X per tonne. From 2017 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the United States ($X per tonne), while Canada totaled $X per tonne.

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

Source: IndexBox Platform