Benelux: Market for Titanium Ores and Concentrates 2024

Market Size for Titanium Ores and Concentrates in Benelux

After two years of decline, the Benelux titanium ore and concentrate market increased by 84% to $X in 2022. Over the period under review, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Titanium Ores and Concentrates in Benelux

In value terms, titanium ore and concentrate production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a noticeable curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 26%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Titanium Ores and Concentrates

Exports in Benelux

In 2022, after two years of growth, there was significant decline in overseas shipments of titanium ores and concentrates, when their volume decreased by -65% to X tons. Over the period under review, exports showed a deep reduction. The pace of growth was the most pronounced in 2020 when exports increased by 739% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then shrank notably in the following year.

In value terms, titanium ore and concentrate exports reduced dramatically to $X in 2022. In general, exports saw a perceptible shrinkage. The growth pace was the most rapid in 2020 with an increase of 480% against the previous year. The level of export peaked at $X in 2021, and then declined significantly in the following year.

Exports by Country

In 2022, Belgium (X tons) was the major exporter of titanium ores and concentrates, constituting 68% of total exports. It was distantly followed by the Netherlands (X tons), constituting a 32% share of total exports.

Exports from Belgium decreased at an average annual rate of -8.3% from 2012 to 2022. The Netherlands (-5.2%) illustrated a downward trend over the same period. The Netherlands (+6.7 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -6.7% from 2012 to 2022, respectively.

In value terms, Belgium ($X) emerged as the largest titanium ore and concentrate supplier in Benelux, comprising 68% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 32% share of total exports.

In Belgium, titanium ore and concentrate exports plunged by an average annual rate of -2.8% over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, increasing by 75% against the previous year. Export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, titanium ore and concentrate export price increased by +99.0% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.0%).

Imports of Titanium Ores and Concentrates

Imports in Benelux

In 2022, purchases abroad of titanium ores and concentrates decreased by -28.1% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a noticeable slump. The most prominent rate of growth was recorded in 2020 with an increase of 106%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, titanium ore and concentrate imports dropped slightly to $X in 2022. In general, imports saw a noticeable slump. The most prominent rate of growth was recorded in 2020 when imports increased by 52%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Belgium (X tons) was the main importer of titanium ores and concentrates, constituting 61% of total imports. It was distantly followed by the Netherlands (X tons), generating a 39% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of -3.5%).

In value terms, Belgium ($X) constitutes the largest market for imported titanium ores and concentrates in Benelux, comprising 67% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 33% share of total imports.

In Belgium, titanium ore and concentrate imports decreased by an average annual rate of -2.1% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, rising by 33% against the previous year. Import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, titanium ore and concentrate import price increased by +59.5% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.9%).

Source: IndexBox Platform