Price for Titanium; Articles Thereof, Including Waste and Scrap in Hong Kong SAR - 2024
Contents:
- Price for Titanium; Articles Thereof, Including Waste and Scrap in Hong Kong SAR (FOB) - 2022
- Price for Titanium; Articles Thereof, Including Waste and Scrap in Hong Kong SAR (CIF) - 2024
- Exports of Titanium; Articles Thereof, Including Waste and Scrap in Hong Kong SAR
- Imports of Titanium; Articles Thereof, Including Waste and Scrap in Hong Kong SAR
Price for Titanium; Articles Thereof, Including Waste and Scrap in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for titanium; articles thereof, including waste and scrap amounted to $57,092 per ton, with a decrease of -8.4% against the previous year. Over the period under review, the export price recorded a mild downturn. The pace of growth was the most pronounced in 2019 when the average export price increased by 71% against the previous year. Over the period under review, the average export prices hit record highs at $73,590 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
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 Thailand ($100,243 per ton), while the average price for exports to the United States ($24,298 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 Thailand (+9.5%), while the prices for the other major destinations experienced a decline.
Price for Titanium; Articles Thereof, Including Waste and Scrap in Hong Kong SAR (CIF) - 2024
In March 2024, the average import price for titanium; articles thereof, including waste and scrap amounted to $202K per ton, increasing by 35% against the previous month. Over the period under review, the import price, however, showed a mild decline. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 110% m-o-m. Over the period under review, average import prices hit record highs at $334K per ton in April 2023; however, from May 2023 to March 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($432K per ton), while the price for Japan ($79,750 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Titanium; Articles Thereof, Including Waste and Scrap in Hong Kong SAR
In 2022, exports of titanium; articles thereof, including waste and scrap from Hong Kong SAR skyrocketed to 1.9K tons, increasing by 168% on the previous year. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of titanium; articles thereof, including waste and scrap skyrocketed to $107M in 2022. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Titanium; Articles Thereof, Including Waste and Scrap in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 35.7 | 21.6 | 28.5 | 94.5 | 38.3% |
| Thailand | 0.4 | 3.5 | 11.4 | 8.4 | 175.9% |
| United States | 0.2 | 0.5 | 0.4 | 0.7 | 51.8% |
| Japan | 1.0 | 0.5 | 0.7 | 0.4 | -26.3% |
| Others | 1.4 | 1.8 | 2.4 | 2.5 | 21.3% |
| Total | 38.8 | 27.9 | 43.4 | 107 | 40.2% |
Top Export Markets for Titanium; Articles Thereof, Including Waste and Scrap from Hong Kong SAR in 2022:
- China (1707.8 tons)
- Thailand (83.4 tons)
- United States (30.0 tons)
- Japan (14.6 tons)
Imports of Titanium; Articles Thereof, Including Waste and Scrap in Hong Kong SAR
After three years of growth, overseas purchases of titanium; articles thereof, including waste and scrap decreased by -39% to 433 tons in 2022. In general, imports continue to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2021 with an increase of 39% against the previous year. As a result, imports attained the peak of 710 tons, and then shrank rapidly in the following year.
In value terms, imports of titanium; articles thereof, including waste and scrap shrank remarkably to $36M in 2022. Over the period under review, imports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2021 when imports increased by 77%. As a result, imports attained the peak of $49M, and then reduced notably in the following year.
| Import of Titanium; Articles Thereof, Including Waste and Scrap in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.6 | 5.3 | 23.7 | 17.5 | 88.8% |
| Japan | 14.3 | 11.6 | 13.9 | 8.3 | -16.6% |
| United States | 3.4 | 5.1 | 4.7 | 4.1 | 6.4% |
| Germany | 2.2 | 1.7 | 1.6 | 1.9 | -4.8% |
| Taiwan (Chinese) | 3.3 | 3.1 | 3.8 | 1.6 | -21.4% |
| South Korea | 0.1 | 0.2 | 0.2 | 0.4 | 58.7% |
| Malaysia | N/A | N/A | N/A | 0.2 | 0% |
| Others | 1.0 | 0.6 | 1.0 | 2.4 | 33.9% |
| Total | 26.8 | 27.7 | 49.0 | 36.4 | 10.7% |
Top Suppliers of Titanium; Articles Thereof, Including Waste and Scrap to Hong Kong SAR in 2022:
- Japan (219.8 tons)
- China (104.1 tons)
- United States (41.5 tons)
- South Korea (21.8 tons)
- Taiwan (Chinese) (16.9 tons)
- Malaysia (8.5 tons)
- Germany (7.8 tons)
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