Price for Titanium; Waste and Scrap in Spain - 2023
Contents:
- Price for Titanium; Waste and Scrap in Spain (FOB) - 2023
- Price for Titanium; Waste and Scrap in Spain (CIF) - 2022
- Exports of Titanium; Waste and Scrap in Spain
- Imports of Titanium; Waste and Scrap in Spain
Price for Titanium; Waste and Scrap in Spain (FOB) - 2023
The average titanium; waste and scrap export price stood at $9,255 per ton in July 2023, therefore, remained relatively stable against the previous month. In general, export price indicated modest growth from July 2022 to July 2023: its price increased at an average monthly rate of +1.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, titanium; waste and scrap export price increased by +34.4% against May 2023 indices. The pace of growth appeared the most rapid in September 2022 an increase of 59% month-to-month. Over the period under review, the average export prices reached the peak figure at $10,071 per ton in April 2023; however, from May 2023 to July 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($11,512 per ton), while the average price for exports to India ($4,019 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Titanium; Waste and Scrap in Spain (CIF) - 2022
The average titanium; waste and scrap import price stood at $5,697 per ton in 2022, jumping by 34% against the previous year. Over the period under review, the import price, however, showed a slight decrease. The pace of growth appeared the most rapid in 2021 an increase of 50%. The import price peaked at $6,745 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($7,988 per ton), while the price for the UK ($3,082 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Titanium; Waste and Scrap in Spain
After two years of decline, overseas shipments of titanium; waste and scraps increased by 33% to 1.3K tons in 2022. Overall, exports, however, saw a abrupt decrease.
In value terms, titanium; waste and scrap exports surged to $5.9M in 2022. In general, total exports indicated measured growth from 2019 to 2022: its value increased at an average annual rate of +3.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +86.5% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Titanium; Waste and Scrap in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,163 | 1,208 | 836 | 3,734 | 20.0% |
| Estonia | 258 | 23.7 | 109 | 541 | 28.0% |
| United Kingdom | 163 | 396 | 1,333 | 525 | 47.7% |
| Italy | N/A | N/A | N/A | 338 | 0% |
| Poland | N/A | 59.1 | 138 | 163 | 66.1% |
| Austria | 101 | N/A | 60.8 | 136 | 10.4% |
| Japan | 25.1 | N/A | N/A | 130 | 73.0% |
| France | 181 | 90.3 | 65.1 | 61.5 | -30.2% |
| India | 414 | 371 | 130 | 56.0 | -48.7% |
| Ukraine | 607 | 458 | 899 | 55.1 | -55.1% |
| Sweden | 1,264 | 514 | 171 | N/A | -63.2% |
| Others | 179 | 20.8 | 155 | 120 | -12.5% |
| Total | 5,355 | 3,141 | 3,895 | 5,858 | 3.0% |
Top Export Markets for Titanium; Waste and Scrap from Spain in 2022:
- United States (922.8 tons)
- Estonia (89.5 tons)
- United Kingdom (80.9 tons)
- Poland (40.8 tons)
- Italy (29.7 tons)
- Japan (21.8 tons)
- Austria (19.4 tons)
- India (14.1 tons)
- Ukraine (13.7 tons)
- France (11.4 tons)
Imports of Titanium; Waste and Scrap in Spain
In 2022, imports of titanium; waste and scraps into Spain contracted significantly to 638 tons, falling by -30% against the year before. Over the period under review, imports saw a deep slump. The growth pace was the most rapid in 2021 with an increase of 15%.
In value terms, titanium; waste and scrap imports dropped to $3.6M in 2022. Overall, total imports indicated a moderate expansion from 2019 to 2022: its value increased at an average annual rate of +3.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 73%. As a result, imports reached the peak of $3.9M, and then fell in the following year.
| Import of Titanium; Waste and Scrap in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 861 | 1,289 | 2,929 | 2,403 | 40.8% |
| Italy | 244 | 187 | 86.9 | 624 | 36.8% |
| United States | 8.1 | 55.7 | 249 | 149 | 164.0% |
| Morocco | 35.9 | N/A | N/A | 141 | 57.8% |
| Lebanon | N/A | N/A | N/A | 79.4 | 0% |
| Portugal | 176 | 17.6 | 16.5 | 59.4 | -30.4% |
| France | 1,024 | 287 | 366 | 58.2 | -61.6% |
| Turkey | 194 | 62.1 | 26.3 | 12.1 | -60.3% |
| United Kingdom | 538 | 248 | 0.5 | 3.4 | -81.5% |
| Others | 235 | 90.4 | 187 | 103 | -24.0% |
| Total | 3,315 | 2,238 | 3,861 | 3,633 | 3.1% |
Top Suppliers of Titanium; Waste and Scrap to Spain in 2022:
- Germany (332.6 tons)
- Italy (183.3 tons)
- Morocco (26.2 tons)
- United States (18.6 tons)
- Lebanon (16.8 tons)
- France (16.3 tons)
- Portugal (14.6 tons)
- Turkey (3.4 tons)
- United Kingdom (1.1 tons)
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