Austria: Titanium Market 2024

Titanium Market Size in Austria

In 2022, the Austrian titanium market decreased by -41.3% to $X for the first time since 2016, thus ending a five-year rising trend. Over the period under review, consumption recorded a buoyant expansion. Titanium consumption peaked at $X in 2021, and then plummeted in the following year.

Titanium Production in Austria

In value terms, titanium production amounted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by 31% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Titanium Exports

Exports from Austria

In 2022, overseas shipments of titanium sponge, powders, ingots and slabs increased by 30% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, recorded a dramatic contraction. The growth pace was the most rapid in 2021 with an increase of 176% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, titanium exports declined sharply to $X in 2022. Over the period under review, exports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 444% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for titanium exports from Austria, accounting for a 81% share of total exports. Moreover, titanium exports to Germany exceeded the volume sent to the second major destination, the United States (X tons), sixfold. The third position in this ranking was held by Bosnia and Herzegovina (X kg), with a 3.3% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +31.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+70.3% per year) and Bosnia and Herzegovina (-0.9% per year).

In value terms, the United States ($X) remains the key foreign market for titanium sponge, powders, ingots and slabs exports from Austria, comprising 72% of total exports. The second position in the ranking was held by Germany ($X), with a 17% share of total exports. It was followed by India, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +66.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+43.5% per year) and India (0.0% per year).

Export Prices by Country

The average titanium export price stood at $X per ton in 2022, with a decrease of -47.8% against the previous year. In general, the export price, however, showed prominent growth. The most prominent rate of growth was recorded in 2020 an increase of 195%. The export price peaked at $X per ton in 2021, and then shrank significantly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Titanium Imports

Imports into Austria

In 2022, supplies from abroad of titanium sponge, powders, ingots and slabs increased by 26% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2018 when imports increased by 590% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, titanium imports skyrocketed to $X in 2022. Overall, imports showed a moderate increase. The growth pace was the most rapid in 2018 with an increase of 432%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of titanium to Austria, with a 51% share of total imports. Moreover, titanium imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +24.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+46.9% per year) and the Netherlands (+150.0% per year).

In value terms, Germany ($X), the UK ($X) and France ($X) appeared to be the largest titanium suppliers to Austria, with a combined 61% share of total imports. These countries were followed by the Netherlands, Ukraine, the Czech Republic and Spain, which together accounted for a further 30%.

The Netherlands, with a CAGR of +159.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average titanium import price amounted to $X per ton, with an increase of 23% against the previous year. Over the period under review, the import price, however, saw a abrupt downturn. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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