EU: Titanium Market 2024

Titanium Market Size in the EU

The EU titanium market skyrocketed to $X in 2023, with an increase of X% against the previous year. Over the period under review, consumption posted a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Titanium Production in the EU

In value terms, titanium production fell 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 pace of growth was the most pronounced in 2020 when the production volume increased by X%. The level of production peaked at $X in 2022, and then fell in the following year.

Titanium Exports

Exports in the EU

In 2023, overseas shipments of titanium sponge, powders, ingots and slabs increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2019 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, titanium exports fell slightly to $X in 2023. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

In 2023, Italy (X tons), distantly followed by the Netherlands (X tons), Germany (X tons), France (X tons) and Spain (X tons) were the main exporters of titanium sponge, powders, ingots and slabs, together making up X% of total exports. The following exporters - Romania (X tons) and Estonia (X tons) - each accounted for a X% share of total exports.

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

In value terms, Germany ($X), Italy ($X) and France ($X) appeared to be the countries with the highest levels of exports in 2023, together comprising X% of total exports. The Netherlands, Spain, Romania and Estonia lagged somewhat behind, together accounting for a further X%.

Romania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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 the European Union stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2022, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Italy ($X per ton) was amongst the lowest.

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

Titanium Imports

Imports in the EU

Titanium imports surged to X tons in 2023, picking up by X% against the year before. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The volume of import peaked at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, titanium imports soared to $X in 2023. Total imports indicated a strong increase 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. Based on 2023 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, France (X tons), distantly followed by Italy (X tons), Estonia (X tons), Germany (X tons), the Czech Republic (X tons) and the Netherlands (X tons) were the major importers of titanium sponge, powders, ingots and slabs, together constituting X% of total imports. Austria (X tons) took a little share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Czech Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest titanium importing markets in the European Union were France ($X), Italy ($X) and Germany ($X), with a combined X% share of total imports. The Czech Republic, Estonia, the Netherlands and Austria lagged somewhat behind, together comprising a further X%.

Among the main importing countries, the Czech Republic, with a CAGR of X%, recorded 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

The import price in the European Union stood at $X per ton in 2023, increasing by X% against the previous year. Import price indicated a notable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, titanium import price increased by X% against 2014 indices. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. The level of import peaked in 2023 and is likely to see gradual growth in the near future.

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

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

Source: IndexBox Platform