Africa: Market for Titanium Ores and Concentrates 2024

Market Size for Titanium Ores and Concentrates in Africa

In 2023, the African titanium ore and concentrate market increased by X% to $X for the first time since 2020, thus ending a two-year declining trend. Overall, consumption posted a mild increase. As a result, consumption reached the peak level of $X. From 2016 to 2023, the growth of the market failed to regain momentum.

Production of Titanium Ores and Concentrates in Africa

In value terms, titanium ore and concentrate production shrank slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2023, production growth failed to regain momentum.

Exports of Titanium Ores and Concentrates

Exports in Africa

In 2023, shipments abroad of titanium ores and concentrates decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Total exports indicated a modest increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2023, the growth of the exports remained at a lower figure.

In value terms, titanium ore and concentrate exports contracted to $X in 2023. Overall, exports, however, recorded a pronounced expansion. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2022, and then shrank in the following year.

Exports by Country

Mozambique represented the largest exporter of titanium ores and concentrates in Africa, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2023. South Africa (X tons) ranks second in terms of the total exports with a X% share, followed by Madagascar (X%), Kenya (X%), Sierra Leone (X%) and Senegal (X%).

From 2012 to 2023, the biggest increases were recorded for Senegal (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest titanium ore and concentrate supplying countries in Africa were South Africa ($X), Mozambique ($X) and Sierra Leone ($X), together accounting for X% of total exports. Madagascar, Senegal and Kenya lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Senegal, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, which is down by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2022 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Sierra Leone ($X per ton), while Madagascar ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kenya (X%), while the other leaders experienced more modest paces of growth.

Imports of Titanium Ores and Concentrates

Imports in Africa

In 2023, imports of titanium ores and concentrates in Africa skyrocketed to X tons, with an increase of X% compared with 2022. Over the period under review, imports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports reached the peak of X tons. From 2016 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, titanium ore and concentrate imports surged to $X in 2023. Overall, imports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

South Africa dominates imports structure, accounting for X tons, which was approx. X% of total imports in 2023. It was distantly followed by Egypt (X tons), creating a X% share of total imports. Morocco (X tons) followed a long way behind the leaders.

Imports into South Africa decreased at an average annual rate of X% from 2012 to 2023. Egypt experienced a relatively flat trend pattern. Morocco (X%) illustrated a downward trend over the same period. While the share of Egypt (X p.p.) and Morocco (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of South Africa (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X) constitutes the largest market for imported titanium ores and concentrates in Africa, comprising X% of total imports. The second position in the ranking was taken by Egypt ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in South Africa totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Morocco (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2023, falling by X% against the previous year. In general, the import price, however, continues to indicate a notable increase. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of import peaked at $X per ton in 2022, and then declined remarkably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform