
Slovakia - Titanium Sponge, Powders, Ingots and Slabs - Market Analysis, Forecast, Size, Trends and Insights
Slovakia: Titanium Market 2023
Titanium Market Size in Slovakia
The Slovak titanium market rose significantly to $X in 2021, picking up by 11% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.
Titanium Production in Slovakia
In value terms, titanium production reached $X in 2021 estimated in export price. Over the period under review, production saw a slight contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 23% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.
Titanium Exports
Exports from Slovakia
In 2021, approx. X tons of titanium sponge, powders, ingots and slabs were exported from Slovakia; standing approx. at 2020 figures. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 455%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.
In value terms, titanium exports stood at $X in 2021. In general, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2014 with an increase of 284%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.
Exports by Country
Belgium (X tons) was the main destination for titanium exports from Slovakia, with a approx. 100% share of total exports.
From 2012 to 2021, the average annual growth rate of volume to Belgium amounted to +74.8%.
From 2012 to 2021, the average annual rate of growth in terms of value to Belgium totaled +65.7%.
Export Prices by Country
The average titanium export price stood at $X per ton in 2021, leveling off at the previous year. In general, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 19%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Belgium.
From 2012 to 2021, the rate of growth in terms of prices for Belgium amounted to -5.2% per year.
Titanium Imports
Imports into Slovakia
In 2021, overseas purchases of titanium sponge, powders, ingots and slabs were finally on the rise to reach X tons after two years of decline. Overall, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, titanium imports surged to $X in 2021. Over the period under review, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Imports by Country
Germany (X tons), Belgium (X tons) and Russia (X tons) were the main suppliers of titanium imports to Slovakia, with a combined 95% share of total imports.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +1,010.0%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest titanium suppliers to Slovakia were Belgium ($X), Germany ($X) and Russia ($X), together comprising 85% of total imports.
In terms of the main suppliers, Belgium, with a CAGR of +1,142.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average titanium import price stood at $X per ton in 2021, rising by 14% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 33%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.
Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+12.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the titanium market in Slovakia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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