Price for Titanium; Waste and Scrap in the United States - 2023
Contents:
- Price for Titanium; Waste and Scrap in the United States (CIF) - 2023
- Price for Titanium; Waste and Scrap in the United States (FOB) - 2023
- Imports of Titanium; Waste and Scrap in the United States
- Exports of Titanium; Waste and Scrap in the United States
Price for Titanium; Waste and Scrap in the United States (CIF) - 2023
In August 2023, the average titanium; waste and scrap import price amounted to $9,621 per ton, increasing by 4.7% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.0%. The pace of growth was the most pronounced in December 2022 when the average import price increased by 9.2% m-o-m. Over the period under review, average import prices hit record highs in August 2023.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($12,411 per ton), while the price for Canada ($4,280 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Mexico (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Titanium; Waste and Scrap in the United States (FOB) - 2023
In August 2023, the average titanium; waste and scrap export price amounted to $4,882 per ton, reducing by -30.4% against the previous month. In general, the export price showed a slight curtailment. The most prominent rate of growth was recorded in December 2022 an increase of 57% m-o-m. Over the period under review, the average export prices reached the peak figure at $7,089 per ton in April 2023; however, from May 2023 to August 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Finland ($23,317 per ton), while the average price for exports to the UK ($877 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Titanium; Waste and Scrap in the United States
In 2022, supplies from abroad of titanium; waste and scraps was finally on the rise to reach 26K tons after two years of decline. In general, imports, however, showed a pronounced decrease.
In value terms, titanium; waste and scrap imports skyrocketed to $146M in 2022. Overall, imports saw a measured expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Titanium; Waste and Scrap in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 30.6 | 17.5 | 13.2 | 23.9 | -7.9% |
| Japan | 23.6 | 11.8 | 4.0 | 19.7 | -5.8% |
| United Kingdom | 23.2 | 6.6 | 4.3 | 19.5 | -5.6% |
| France | 15.3 | 6.9 | 5.4 | 16.1 | 1.7% |
| Canada | 3.9 | 2.3 | 5.7 | 9.9 | 36.4% |
| South Korea | 6.8 | 3.4 | 2.8 | 9.7 | 12.6% |
| Italy | 8.7 | 3.0 | 1.8 | 8.4 | -1.2% |
| Mexico | 5.4 | 1.9 | 2.2 | 6.6 | 6.9% |
| Israel | 1.2 | 0.9 | 0.4 | 2.3 | 24.2% |
| Others | 17.3 | 14.4 | 6.8 | 30.0 | 20.1% |
| Total | 136 | 68.7 | 46.6 | 146 | 2.4% |
Top Suppliers of Titanium; Waste and Scrap to the United States in 2022:
- United Kingdom (7.2K tons)
- South Korea (2.9K tons)
- Germany (2.4K tons)
- Japan (2.3K tons)
- France (2.0K tons)
- Canada (1.8K tons)
- Mexico (1.6K tons)
- Italy (1.3K tons)
- Israel (0.7K tons)
Exports of Titanium; Waste and Scrap in the United States
For the third consecutive year, the United States recorded decline in shipments abroad of titanium; waste and scraps, which decreased by -21.6% to 8.5K tons in 2022. Over the period under review, exports showed a deep reduction. The smallest decline of -10.5% was in 2021.
In value terms, titanium; waste and scrap exports rose notably to $47M in 2022. The total export value increased at an average annual rate of +4.9% over the period from 2019 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 with an increase of 24% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Titanium; Waste and Scrap in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 6.6 | 3.3 | 5.8 | 11.1 | 18.9% |
| United Kingdom | 5.4 | 3.3 | 7.4 | 7.0 | 9.0% |
| Germany | 3.0 | 6.5 | 3.7 | 4.3 | 12.7% |
| Belgium | 1.6 | 2.0 | 2.7 | 3.7 | 32.2% |
| Japan | 3.2 | 1.0 | 2.8 | 3.6 | 4.0% |
| India | 4.1 | 4.4 | 5.6 | 3.4 | -6.0% |
| France | 2.0 | 0.9 | 1.2 | 2.7 | 10.5% |
| South Korea | 1.0 | 1.8 | 2.7 | 2.0 | 26.0% |
| Estonia | 10.7 | 5.5 | 3.3 | 1.8 | -44.8% |
| Brazil | 0.2 | 0.6 | 1.2 | 1.7 | 104.1% |
| Netherlands | N/A | 0.8 | 0.1 | 1.3 | 27.5% |
| Italy | 0.3 | N/A | 0.1 | 0.4 | 10.1% |
| Others | 2.2 | 4.4 | 6.0 | 3.6 | 17.8% |
| Total | 40.4 | 34.6 | 42.8 | 46.7 | 4.9% |
Top Export Markets for Titanium; Waste and Scrap from the United States in 2022:
- Canada (2489.9 tons)
- United Kingdom (1314.5 tons)
- India (1010.5 tons)
- Belgium (924.6 tons)
- Germany (538.3 tons)
- Estonia (421.4 tons)
- Japan (281.9 tons)
- Netherlands (239.8 tons)
- France (239.8 tons)
- South Korea (232.5 tons)
- Italy (146.9 tons)
- Brazil (141.8 tons)
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