Report Update Aug 1, 2024

World - Titanium Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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Overview of the Global Market for Titanium Ores and Concentrates

Market Size for Titanium Ores and Concentrates

In 2023, after six years of growth, there was significant decline in the global titanium ore and concentrate market, when its value decreased by X% to $X. Over the period under review, the total consumption indicated measured growth from 2012 to 2023: its value 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, consumption increased by X% against 2014 indices. Global consumption peaked at $X in 2022, and then reduced in the following year.

Production of Titanium Ores and Concentrates

In value terms, titanium ore and concentrate production declined to $X in 2023 estimated in export price. Overall, the total production indicated a tangible increase from 2012 to 2023: its value 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, production increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2022 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X, and then shrank in the following year.

Exports of Titanium Ores and Concentrates

Exports

In 2023, approx. X tons of titanium ores and concentrates were exported worldwide; reducing by X% compared with 2022. In general, exports continue to indicate a mild curtailment. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The global exports peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, titanium ore and concentrate exports fell to $X in 2023. Over the period under review, exports recorded a mild decline. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the global exports reached the maximum at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Mozambique (X tons), distantly followed by Australia (X tons), South Africa (X tons), Madagascar (X tons), Norway (X tons) and Kenya (X tons) were the key exporters of titanium ores and concentrates, together generating X% of total exports. Ukraine (X tons), Sierra Leone (X tons), India (X tons), Belgium (X tons), Senegal (X tons), the United States (X tons) and the Netherlands (X tons) held a little share of total exports.

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

In value terms, Australia ($X), South Africa ($X) and Mozambique ($X) appeared to be the countries with the highest levels of exports in 2023, together comprising X% of global exports. Sierra Leone, Norway, Belgium, Madagascar, Senegal, Kenya, the Netherlands, India, Ukraine and the United States lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

The average titanium ore and concentrate export price stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, 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%. As a result, the export price attained the peak level of $X per ton, and then contracted modestly in the following year.

Prices varied noticeably by country of origin: 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 global leaders experienced more modest paces of growth.

Imports of Titanium Ores and Concentrates

Imports

In 2023, overseas purchases of titanium ores and concentrates decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a slight slump. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Global imports peaked at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, titanium ore and concentrate imports fell to $X in 2023. Overall, imports continue to indicate a mild reduction. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Global imports peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

China dominates imports structure, finishing at X tons, which was approx. X% of total imports in 2023. The United States (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Canada (X%). Japan (X tons), Germany (X tons), Belgium (X tons), Norway (X tons), the UK (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to titanium ore and concentrate imports into China stood at X%. At the same time, Norway (X%), Canada (X%) and the UK (X%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. By contrast, the United States (X%), Belgium (X%), the Netherlands (X%), Japan (X%) and Germany (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China and Norway increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported titanium ores and concentrates worldwide, comprising X% of global imports. The second position in the ranking was taken by Japan ($X), with a X% share of global imports. It was followed by the United States, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in China stood at X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and the United States (X% per year).

Import Prices by Country

In 2023, the average titanium ore and concentrate import price amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2022 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton, and then shrank in the following year.

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

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

Source: IndexBox Platform

This report provides an in-depth analysis of the global market for titanium ore and concentrate. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Company coverage:

Chemours, Iluka Resources, Rio Tinto, Trimex Industries, Tronox, Group DF, Honeywell Electronic Materials Inc., Titanium Metals Corp., Timet Henderson, Image Resources NL, Base Resources Ltd., Kenmare Resources PLC, TiZir Ltd., Mineral Deposits Ltd., Mineral Commodities Ltd., Strandline Resources Ltd., Allegheny Technologies, Sumitomo Corporation, VSMPO-AVISMA Corporation, DuPont Titanium Technologies

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023