United Kingdom: Titanium Market 2024

Titanium Market Size in the UK

The UK titanium market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption, however, saw a mild downturn. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Titanium Production in the UK

In value terms, titanium production expanded to $X in 2022 estimated in export price. Overall, the total production indicated a noticeable expansion from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Titanium production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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Titanium Exports

Exports from the UK

In 2022, overseas shipments of titanium sponge, powders, ingots and slabs increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports continue to indicate a slight increase. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, titanium exports skyrocketed to $X in 2022. Overall, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2013 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for titanium exports from the UK, with a X% share of total exports. Moreover, titanium exports to France exceeded the volume sent to the second major destination, the Netherlands (X tons), fourfold. The third position in this ranking was taken by Italy (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Italy (X% per year).

In value terms, France ($X) emerged as the key foreign market for titanium sponge, powders, ingots and slabs exports from the UK, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average titanium export price amounted to $X per ton, falling by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then shrank in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to the Netherlands ($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 United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Titanium Imports

Imports into the UK

In 2022, overseas purchases of titanium sponge, powders, ingots and slabs were finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, saw a deep setback. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, titanium imports surged to $X in 2022. Overall, imports, however, recorded a abrupt curtailment. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Japan (X tons), the United States (X tons) and France (X tons) were the main suppliers of titanium imports to the UK, together accounting for X% of total imports. Saudi Arabia, Russia, Kazakhstan and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest titanium suppliers to the UK were Japan ($X), the United States ($X) and Russia ($X), together accounting for X% of total imports. Kazakhstan, Saudi Arabia, France and Germany lagged somewhat behind, together accounting for a further X%.

Saudi Arabia, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average titanium import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price, however, continues to indicate a slight slump. The growth pace was the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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