Price for Titanium; Articles Thereof, Including Waste and Scrap in Canada - 2024
Contents:
- Price for Titanium; Articles Thereof, Including Waste and Scrap in Canada (CIF) - 2024
- Price for Titanium; Articles Thereof, Including Waste and Scrap in Canada (FOB) - 2024
- Imports of Titanium; Articles Thereof, Including Waste and Scrap in Canada
- Exports of Titanium; Articles Thereof, Including Waste and Scrap in Canada
Price for Titanium; Articles Thereof, Including Waste and Scrap in Canada (CIF) - 2024
In March 2024, the average import price for titanium; articles thereof, including waste and scrap amounted to $43,870 per ton, with an increase of 69% against the previous month. In general, import price indicated noticeable growth from March 2023 to March 2024: its price increased at an average monthly rate of +4.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2024 figures, import price for titanium; articles thereof, including waste and scrap increased by +71.9% against January 2024 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($30,172 per ton), while the price for Japan totaled $8,319 per ton.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by the United States (+2.5%), while the prices for the other major suppliers experienced a decline.
Price for Titanium; Articles Thereof, Including Waste and Scrap in Canada (FOB) - 2024
In March 2024, the average export price for titanium; articles thereof, including waste and scrap amounted to $27,387 per ton, increasing by 12% against the previous month. Overall, the export price, however, saw a noticeable curtailment. The pace of growth was the most pronounced in May 2023 when the average export price increased by 50% m-o-m. The export price peaked at $37,440 per ton in August 2023; however, from September 2023 to March 2024, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Ireland ($242K per ton), while the average price for exports to Estonia ($3,330 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Titanium; Articles Thereof, Including Waste and Scrap in Canada
Imports of titanium; articles thereof, including waste and scrap into Canada expanded notably to 6.8K tons in 2022, growing by 8.7% compared with the previous year. Over the period under review, imports, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 14% against the previous year.
In value terms, imports of titanium; articles thereof, including waste and scrap soared to $176M in 2022. Overall, imports, however, showed a mild curtailment.
| Import of Titanium; Articles Thereof, Including Waste and Scrap in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 130 | 76.4 | 81.0 | 101 | -8.1% |
| China | 28.5 | 24.5 | 28.7 | 51.8 | 22.0% |
| Germany | 3.5 | 2.6 | 4.7 | 3.2 | -2.9% |
| Others | 21.4 | 22.2 | 19.8 | 20.6 | -1.3% |
| Total | 183 | 126 | 134 | 176 | -1.3% |
Top Suppliers of Titanium; Articles Thereof, Including Waste and Scrap to Canada in 2022:
- United States (4.9K tons)
- China (1.4K tons)
- Germany (0.2K tons)
Exports of Titanium; Articles Thereof, Including Waste and Scrap in Canada
In 2022, after two years of decline, there was significant growth in shipments abroad of titanium; articles thereof, including waste and scrap, when their volume increased by 14% to 3.2K tons. Over the period under review, exports, however, showed a deep downturn.
In value terms, exports of titanium; articles thereof, including waste and scrap surged to $98M in 2022. In general, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Titanium; Articles Thereof, Including Waste and Scrap in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 45.7 | 36.3 | 37.9 | 48.9 | 2.3% |
| China | 3.3 | 2.7 | 4.5 | 9.8 | 43.7% |
| Ireland | 12.3 | 2.7 | 9.3 | 8.6 | -11.2% |
| France | 6.5 | 4.0 | 5.1 | 7.2 | 3.5% |
| Mexico | 6.9 | 3.8 | 5.9 | 5.8 | -5.6% |
| Germany | 4.0 | 4.5 | 2.6 | 4.8 | 6.3% |
| Italy | 3.1 | 2.5 | 3.8 | 2.6 | -5.7% |
| United Kingdom | 2.9 | 1.8 | 2.3 | 1.5 | -19.7% |
| Belgium | 1.4 | 1.6 | 2.2 | 1.5 | 2.3% |
| India | 0.4 | 0.2 | 0.5 | 1.1 | 40.1% |
| Sweden | 2.6 | 3.6 | 1.3 | 0.2 | -57.5% |
| Estonia | 1.8 | 0.7 | 0.1 | N/A | -76.4% |
| Others | 5.7 | 4.6 | 5.1 | 6.5 | 4.5% |
| Total | 96.6 | 69.1 | 80.6 | 98.4 | 0.6% |
Top Export Markets for Titanium; Articles Thereof, Including Waste and Scrap from Canada in 2022:
- United States (2308.7 tons)
- China (202.8 tons)
- Mexico (128.9 tons)
- India (111.8 tons)
- France (100.7 tons)
- United Kingdom (53.6 tons)
- Belgium (47.3 tons)
- Ireland (36.6 tons)
- Germany (35.6 tons)
- Italy (20.4 tons)
- Estonia (3.0 tons)
- Sweden (1.4 tons)
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