Africa: Market for Titanium Ores and Concentrates 2024

Market Size for Titanium Ores and Concentrates in Africa

The African titanium ore and concentrate market shrank modestly to $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Titanium Ores and Concentrates in Africa

In value terms, titanium ore and concentrate production reached $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 35% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Exports of Titanium Ores and Concentrates

Exports in Africa

In 2022, approx. X tons of titanium ores and concentrates were exported in Africa; approximately reflecting 2021 figures. Total exports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by +0.2% against 2019 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 70%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, titanium ore and concentrate exports expanded notably to $X in 2022. Total exports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +143.0% against 2015 indices. The most prominent rate of growth was recorded in 2017 with an increase of 55%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Mozambique represented the major exporting country with an export of about X tons, which reached 49% of total exports. South Africa (X tons) ranks second in terms of the total exports with a 26% share, followed by Sierra Leone (9.4%), Senegal (6.9%) and Madagascar (5.6%). Kenya (X tons) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Senegal (with a CAGR of +29.4%), while the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Mozambique ($X) and Sierra Leone ($X) were the countries with the highest levels of exports in 2022, together comprising 75% of total exports. Kenya, Senegal and Madagascar lagged somewhat behind, together comprising a further 24%.

Among the main exporting countries, Senegal, with a CAGR of +29.7%, saw the highest growth rate of 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 2022, the export price in Africa amounted to $X per ton, increasing by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2015 an increase of 56% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kenya ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sierra Leone (+4.2%), while the other leaders experienced more modest paces of growth.

Imports of Titanium Ores and Concentrates

Imports in Africa

In 2022, the amount of titanium ores and concentrates imported in Africa declined markedly to X tons, falling by -20.9% compared with 2021 figures. In general, imports faced a deep contraction. The pace of growth was the most pronounced in 2015 when imports increased by 1,266%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, titanium ore and concentrate imports dropped slightly to $X in 2022. Over the period under review, imports faced a abrupt descent. The pace of growth was the most pronounced in 2018 when imports increased by 763% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Egypt (X tons) and South Africa (X tons) prevails in imports structure, together constituting 71% of total imports. Morocco (X tons) ranks next in terms of the total imports with a 9.6% share, followed by Algeria (7.1%). Cameroon (X tons), Tunisia (X tons) and Kenya (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Cameroon (with a CAGR of +55.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) constitutes the largest market for imported titanium ores and concentrates in Africa, comprising 48% of total imports. The second position in the ranking was held by Morocco ($X), with a 19% share of total imports. It was followed by South Africa, with an 11% share.

In Egypt, titanium ore and concentrate imports increased at an average annual rate of +4.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Morocco (-1.2% per year) and South Africa (-29.9% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, growing by 22% against the previous year. Over the period under review, the import price recorded temperate growth. The most prominent rate of growth was recorded in 2014 an increase of 114%. The level of import peaked in 2022 and is likely to continue growth in the near future.

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 2022, the most notable rate of growth in terms of prices was attained by Cameroon (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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