Northern America: Market for Titanium Ores and Concentrates 2024

Market Size for Titanium Ores and Concentrates in Northern America

The North American titanium ore and concentrate market declined to $X in 2022, falling by X% against the previous year. Over the period under review, consumption saw a pronounced decline. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Titanium Ores and Concentrates in Northern America

In value terms, titanium ore and concentrate production reduced modestly to $X in 2022 estimated in export price. In general, production showed a pronounced reduction. The pace of growth was the most pronounced in 2019 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Exports of Titanium Ores and Concentrates

Exports in Northern America

For the third consecutive year, Northern America recorded growth in overseas shipments of titanium ores and concentrates, which increased by X% to X tons in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, titanium ore and concentrate exports soared to $X in 2022. In general, exports showed a prominent increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, the United States (X tons) represented the major exporter of titanium ores and concentrates, achieving X% of total exports. It was distantly followed by Canada (X tons), mixing up a X% share of total exports.

Exports from the United States increased at an average annual rate of X% from 2012 to 2022. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Canada increased by X percentage points.

In value terms, the United States ($X) emerged as the largest titanium ore and concentrate supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States totaled X%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price saw a deep downturn. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

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

Imports of Titanium Ores and Concentrates

Imports in Northern America

In 2022, titanium ore and concentrate imports in Northern America declined remarkably to X tons, dropping by X% compared with the previous year's figure. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. The volume of import peaked at X tons in 2021, and then fell notably in the following year.

In value terms, titanium ore and concentrate imports expanded notably to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United States was the key importer of titanium ores and concentrates in Northern America, with the volume of imports reaching X tons, which was near X% of total imports in 2022. 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 titanium ores and concentrates imports, with a CAGR of X% from 2012 to 2022. Canada (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States increased by X percentage points.

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

From 2012 to 2022, the average annual growth rate of value in the United States stood at X%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, showed a slight shrinkage. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

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

Source: IndexBox Platform

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