Australia and Oceania: Titanium Market 2024

Titanium Market Size in Australia and Oceania

The titanium market in Australia and Oceania soared to $X in 2022, surging by 25% against the previous year. In general, consumption posted a resilient increase. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Titanium Production in Australia and Oceania

In value terms, titanium production rose to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by 8.6%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Titanium Exports

Exports in Australia and Oceania

In 2022, overseas shipments of titanium sponge, powders, ingots and slabs decreased by -74.2% to X kg for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2015 with an increase of 5,467% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, titanium exports contracted remarkably to $X in 2022. In general, exports faced a deep reduction. The most prominent rate of growth was recorded in 2015 with an increase of 496%. Over the period under review, the exports attained the peak figure at $X in 2021, and then contracted sharply in the following year.

Exports by Country

The shipments of the one major exporters of titanium sponge, powders, ingots and slabs, namely Australia, represented more than two-thirds of total export.

Australia was also the fastest-growing in terms of the titanium sponge, powders, ingots and slabs exports, with a CAGR of -15.9% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest titanium supplier in Australia and Oceania.

In Australia, titanium exports declined by an average annual rate of -12.4% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, which is down by -49% against the previous year. In general, the export price, however, posted noticeable growth. The pace of growth was the most pronounced in 2019 when the export price decreased by -14% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then shrank remarkably in the following year.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +4.2% per year.

Titanium Imports

Imports in Australia and Oceania

In 2022, the amount of titanium sponge, powders, ingots and slabs imported in Australia and Oceania surged to X tons, with an increase of 30% on 2021. Total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +9.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.5% against 2020 indices. The pace of growth was the most pronounced in 2015 when imports increased by 67%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, titanium imports surged to $X in 2022. Overall, imports showed a resilient increase. The growth pace was the most rapid in 2014 with an increase of 49%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Australia (X tons) was the major importer of titanium sponge, powders, ingots and slabs, comprising 60% of total imports. It was distantly followed by Papua New Guinea (X tons), generating a 36% share of total imports. New Zealand (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of +17.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constitutes the largest market for imported titanium sponge, powders, ingots and slabs in Australia and Oceania, comprising 89% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 9.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia stood at +11.7%. In the other countries, the average annual rates were as follows: New Zealand (+13.5% per year) and Papua New Guinea (-4.8% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, picking up by 6.7% against the previous year. Import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, titanium import price decreased by -7.1% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the import price increased by 102%. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+4.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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