Turkey: Market for Titanium Ores and Concentrates 2024

Market Size for Titanium Ores and Concentrates in Turkey

The Turkish titanium ore and concentrate market surged to $X in 2022, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed a buoyant increase. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in years to come.

Exports of Titanium Ores and Concentrates

Exports from Turkey

In 2022, approx. X tons of titanium ores and concentrates were exported from Turkey; rising by X% against the previous year. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, titanium ore and concentrate exports surged to $X in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

Russia (X tons) was the main destination for titanium ore and concentrate exports from Turkey, accounting for a X% share of total exports. Moreover, titanium ore and concentrate exports to Russia exceeded the volume sent to the second major destination, Egypt (X tons), fourfold. Lithuania (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to X.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and Lithuania (X% per year).

In value terms, Russia ($X) emerged as the key foreign market for titanium ores and concentrates exports from Turkey, comprising X% of total exports. The second position in the ranking was held by Egypt ($X), with a X% share of total exports. It was followed by Lithuania, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Russia stood at X.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and Lithuania (X% per year).

Export Prices by Country

In 2022, the average titanium ore and concentrate export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price saw temperate growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Morocco ($X per ton) and Lithuania ($X per ton), while the average price for exports to Egypt ($X per ton) and Russia ($X per ton) were amongst the lowest.

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

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Imports of Titanium Ores and Concentrates

Imports into Turkey

In 2022, approx. X tons of titanium ores and concentrates were imported into Turkey; growing by X% against 2021 figures. Over the period under review, imports enjoyed a significant expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, titanium ore and concentrate imports surged to $X in 2022. In general, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

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

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

In value terms, Egypt ($X), Ukraine ($X) and South Africa ($X) appeared to be the largest titanium ore and concentrate suppliers to Turkey, with a combined X% share of total imports.

Egypt, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average titanium ore and concentrate import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price, however, saw a abrupt decrease. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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