Thailand: Market for Titanium Ores and Concentrates 2024

Market Size for Titanium Ores and Concentrates in Thailand

In 2022, after five years of growth, there was significant decline in the Thai titanium ore and concentrate market, when its value decreased by X% to $X. Over the period under review, consumption, however, saw a prominent increase. As a result, consumption attained the peak level of $X, and then dropped significantly in the following year.

Production of Titanium Ores and Concentrates in Thailand

In value terms, titanium ore and concentrate production surged to $X in 2022 estimated in export price. Overall, production, however, saw buoyant growth. Titanium ore and concentrate production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Exports of Titanium Ores and Concentrates

Exports from Thailand

In 2022, approx. X tons of titanium ores and concentrates were exported from Thailand; with a decrease of X% against the year before. Over the period under review, exports saw a pronounced decline. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, titanium ore and concentrate exports dropped remarkably to $X in 2022. Overall, exports recorded a mild slump. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), India (X tons) and Nigeria (X tons) were the main destinations of titanium ore and concentrate exports from Thailand, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, India ($X), China ($X) and Nigeria ($X) constituted the largest markets for titanium ore and concentrate exported from Thailand worldwide, with a combined X% share of total exports.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average titanium ore and concentrate export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, titanium ore and concentrate export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Titanium Ores and Concentrates

Imports into Thailand

In 2022, overseas purchases of titanium ores and concentrates increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a deep reduction. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, titanium ore and concentrate imports soared to $X in 2022. Overall, imports, however, saw a pronounced downturn. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Australia (X tons) constituted the largest supplier of titanium ore and concentrate to Thailand, accounting for a X% share of total imports. Moreover, titanium ore and concentrate imports from Australia exceeded the figures recorded by the second-largest supplier, Kenya (X tons), sevenfold. South Africa (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Australia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Kenya (X% per year) and South Africa (X% per year).

In value terms, Australia ($X) constituted the largest supplier of titanium ores and concentrates to Thailand, comprising X% of total imports. The second position in the ranking was taken by Kenya ($X), with a X% share of total imports. It was followed by South Africa, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Australia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Kenya (X% per year) and South Africa (X% per year).

Import Prices by Country

In 2022, the average titanium ore and concentrate import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price posted a temperate expansion. The pace of growth appeared the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Kenya ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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