Southern Asia: Titanium Market 2022

Titanium Market Size in Southern Asia

In 2021, after four years of growth, there was decline in the South Asian titanium market, when its value decreased by -X% to $X. Overall, consumption saw a pronounced decrease. The pace of growth appeared the most rapid in 2020 when the market value increased by X%. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Titanium Production in Southern Asia

In value terms, titanium production fell to $X in 2021 estimated in export price. In general, production saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Production By Country in Southern Asia

Pakistan (X tonnes) constituted the country with the largest volume of titanium production, comprising approx. X% of total volume. Moreover, titanium production in Pakistan exceeded the figures recorded by the second-largest producer, Sri Lanka (X tonnes), fivefold. Nepal (X tonnes) ranked third in terms of total production with an X% share.

From 2012 to 2021, the average annual growth rate of volume in Pakistan stood at -X%. The remaining producing countries recorded the following average annual rates of production growth: Sri Lanka (+X% per year) and Nepal (+X% per year).

Titanium Exports

Exports in Southern Asia

In 2021, after five years of growth, there was significant decline in shipments abroad of titanium sponge, powders, ingots and slabs, when their volume decreased by -X% to X tonnes. Over the period under review, exports continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of export peaked at X tonnes in 2020, and then shrank significantly in the following year.

In value terms, titanium exports soared to $X in 2021. In general, exports showed a deep downturn. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

India was the largest exporter of titanium sponge, powders, ingots and slabs in Southern Asia, with the volume of exports resulting at X tonnes, which was approx. X% of total exports in 2021. It was distantly followed by Sri Lanka (X kg), comprising a X% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to titanium exports from India stood at -X%. At the same time, Sri Lanka (+X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +X% from 2012-2021. Sri Lanka (+X p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by -X% from 2012 to 2021, respectively.

In value terms, India ($X) remains the largest titanium supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was occupied by Sri Lanka ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value in India stood at -X%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per tonne, rising by X% against the previous year. Overall, the export price, however, saw a mild downturn. The level of export peaked at $X per tonne in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was India ($X per tonne), while Sri Lanka stood at $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+X%).

Titanium Imports

Imports in Southern Asia

In 2021, the amount of titanium sponge, powders, ingots and slabs imported in Southern Asia surged to X tonnes, increasing by X% against the previous year. In general, imports showed a significant expansion. The pace of growth was the most pronounced in 2017 when imports increased by X%. The volume of import peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, titanium imports soared to $X in 2021. Overall, imports posted prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, India (X tonnes) was the largest importer of titanium sponge, powders, ingots and slabs in Southern Asia, committing X% of total import.

India was also the fastest-growing in terms of the titanium sponge, powders, ingots and slabs imports, with a CAGR of +X% from 2012 to 2021. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported titanium sponge, powders, ingots and slabs in Southern Asia.

In India, titanium imports increased at an average annual rate of +X% over the period from 2012-2021.

Import Prices by Country

The import price in Southern Asia stood at $X per tonne in 2021, falling by -X% against the previous year. Over the period under review, the import price showed a noticeable descent. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, import prices attained the peak figure at $X per tonne in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to -X% per year.

Source: IndexBox Platform