Price for Titanium; Articles Thereof, Including Waste and Scrap in Iraq - 2022
Contents:
- Price for Titanium; Articles Thereof, Including Waste and Scrap in Iraq (CIF) - 2022
- Imports of Titanium; Articles Thereof, Including Waste and Scrap in Iraq
Price for Titanium; Articles Thereof, Including Waste and Scrap in Iraq (CIF) - 2022
The average import price for titanium; articles thereof, including waste and scrap stood at $23,135 per ton in 2022, declining by -40.5% against the previous year. Overall, the import price continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2020 when the average import price increased by 297% against the previous year. Over the period under review, average import prices hit record highs at $245,691 per ton in 2018; however, from 2019 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 the United States ($277,524 per ton), while the price for Turkey ($12,104 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Titanium; Articles Thereof, Including Waste and Scrap in Iraq
Imports of titanium; articles thereof, including waste and scrap into Iraq soared to 29 tons in 2022, rising by 71% against the previous year. Overall, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of titanium; articles thereof, including waste and scrap expanded modestly to $670K in 2022. Over the period under review, imports showed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 281% against the previous year. As a result, imports reached the peak of $1.4M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Titanium; Articles Thereof, Including Waste and Scrap in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 42.7 | 14.6 | 157 | 127 | 43.8% |
| Turkey | 31.8 | 4.4 | 28.1 | 125 | 57.8% |
| United Arab Emirates | 47.5 | 32.2 | 28.4 | 115 | 34.3% |
| Germany | 3.0 | 1,240 | 110 | 92.3 | 213.3% |
| China | 13.7 | 52.3 | 50.8 | 80.2 | 80.2% |
| Italy | N/A | 7.5 | 150 | 70.4 | 206.4% |
| United Kingdom | 67.3 | N/A | 89.5 | 39.9 | -16.0% |
| Others | 150 | 7.9 | 43.5 | 20.8 | -48.2% |
| Total | 356 | 1,359 | 658 | 670 | 23.5% |
Top Suppliers of Titanium; Articles Thereof, Including Waste and Scrap to Iraq in 2022:
- Turkey (10.3 tons)
- United Arab Emirates (9.3 tons)
- China (3.5 tons)
- United Kingdom (2.7 tons)
- South Korea (1.6 tons)
- Italy (0.8 tons)
- Germany (0.4 tons)
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This report provides an in-depth analysis of the titanium market in Iraq.
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