Asia-Pacific: Ferro-Titanium And Ferro-Silico-Titanium Market 2024

Ferro-Titanium And Ferro-Silico-Titanium Market Size in Asia-Pacific

In 2023, after two years of growth, there was significant decline in the Asia-Pacific ferro-titanium and ferro-silico-titanium market, when its value decreased by X% to $X. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2022, and then dropped markedly in the following year.

Ferro-Titanium And Ferro-Silico-Titanium Production in Asia-Pacific

In value terms, ferro-titanium and ferro-silico-titanium production rose slightly to $X in 2023 estimated in export price. Overall, production showed a noticeable setback. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Ferro-Titanium And Ferro-Silico-Titanium Exports

Exports in Asia-Pacific

In 2023, ferro-titanium and ferro-silico-titanium exports in Asia-Pacific fell notably to X tons, with a decrease of X% compared with the previous year. Over the period under review, exports, however, saw a prominent increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The volume of export peaked at X tons in 2022, and then dropped significantly in the following year.

In value terms, ferro-titanium and ferro-silico-titanium exports dropped notably to $X in 2023. Overall, exports, however, posted a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of X%. The level of export peaked at $X in 2022, and then shrank dramatically in the following year.

Exports by Country

In 2023, India (X tons) was the largest exporter of ferro-titanium and ferro-silico-titanium, constituting X% of total exports. China (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (X%). South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Singapore (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Singapore ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Singapore, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2023, reducing by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2022, and then fell notably in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Singapore ($X per ton) and South Korea ($X per ton), while India ($X per ton) and China ($X per ton) were amongst the lowest.

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

Ferro-Titanium And Ferro-Silico-Titanium Imports

Imports in Asia-Pacific

In 2023, overseas purchases of ferro-titanium and ferro-silico-titanium decreased by X% to X tons, falling for the fourth year in a row after eight years of growth. In general, imports, however, enjoyed noticeable growth. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, ferro-titanium and ferro-silico-titanium imports shrank dramatically to $X in 2023. Total imports indicated a noticeable expansion from 2012 to 2023: its value 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. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2022, and then shrank sharply in the following year.

Imports by Country

Japan (X tons) and South Korea (X tons) were the key importers of ferro-titanium and ferro-silico-titanium in 2023, reaching near X% and X% of total imports, respectively. It was distantly followed by India (X tons), constituting a X% share of total imports. Malaysia (X tons), Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons) held a relatively small share of total imports.

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

In value terms, the largest ferro-titanium and ferro-silico-titanium importing markets in Asia-Pacific were Japan ($X), South Korea ($X) and India ($X), with a combined X% share of total imports. Malaysia, Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Hong Kong SAR, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the import price increased by X%. As a result, import price attained the peak level of $X per ton, and then reduced markedly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform