Global Aluminium And Titanium Market 2024

Aluminium And Titanium Market Size

For the third consecutive year, the global aluminium and titanium market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Global consumption peaked in 2022 and is expected to retain growth in the near future.

Aluminium And Titanium Production

In value terms, aluminium and titanium production reduced modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, global production growth remained at a lower figure.

Aluminium And Titanium Exports

Exports

In 2022, global aluminium and titanium exports expanded rapidly to X tons, growing by X% against 2021 figures. Over the period under review, total exports indicated a strong increase from 2012 to 2022: its volume 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, exports increased by X% against 2012 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. The global exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, aluminium and titanium exports soared to $X in 2022. Overall, exports recorded resilient growth. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, Mozambique (X tons) was the largest exporter of aluminium and titanium, constituting X% of total exports. Russia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Canada (X%), the Netherlands (X%), India (X%), the United Arab Emirates (X%) and Malaysia (X%). The following exporters - Bahrain (X tons), Norway (X tons), Australia (X tons) and Iceland (X tons) - together made up X% of total exports.

Mozambique was also the fastest-growing in terms of the aluminium and titanium exports, with a CAGR of X% from 2012 to 2022. At the same time, Iceland (X%), Bahrain (X%), India (X%), Malaysia (X%), the Netherlands (X%), the United Arab Emirates (X%) and Canada (X%) displayed positive paces of growth. Norway and Russia experienced a relatively flat trend pattern. By contrast, Australia (X%) illustrated a downward trend over the same period. While the share of Mozambique (X p.p.), India (X p.p.), the Netherlands (X p.p.), Bahrain (X p.p.), Malaysia (X p.p.) and Iceland (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the United Arab Emirates (X p.p.), Norway (X p.p.), Canada (X p.p.), Australia (X p.p.) and Russia (X p.p.) displayed negative dynamics.

In value terms, the largest aluminium and titanium supplying countries worldwide were the Netherlands ($X), Canada ($X) and Russia ($X), with a combined X% share of global exports. India, the United Arab Emirates, Malaysia, Bahrain, Norway, Australia, Iceland and Mozambique lagged somewhat behind, together accounting for a further X%.

Iceland, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average aluminium and titanium export price stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The global export price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Norway ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

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

Aluminium And Titanium Imports

Imports

For the third year in a row, the global market recorded growth in overseas purchases of aluminium and titanium, which increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Global imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, aluminium and titanium imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a strong increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, global imports attained the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, the United States (X tons), followed by the Netherlands (X tons), Germany (X tons), Japan (X tons), China (X tons), Turkey (X tons), South Korea (X tons) and Italy (X tons) were the main importers of aluminium and titanium, together comprising X% of total imports. The following importers - Mexico (X tons), Spain (X tons), Poland (X tons), Thailand (X tons) and Taiwan (Chinese) (X tons) - each amounted to an X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and Germany ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of global imports.

In terms of the main importing countries, the Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average aluminium and titanium import price amounted to $X per ton, growing by X% against the previous year. Overall, import price indicated a notable increase 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, aluminium and titanium import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Spain ($X per ton) and Poland ($X per ton), while China ($X per ton) and Japan ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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