Brazil: Market for Titanium Ores and Concentrates 2024

Market Size for Titanium Ores and Concentrates in Brazil

The Brazilian titanium ore and concentrate market skyrocketed to $X in 2022, picking up by 72% against the previous year. Over the period under review, consumption, however, showed a abrupt curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Titanium Ores and Concentrates in Brazil

In value terms, titanium ore and concentrate production reached $X in 2022 estimated in export price. Overall, production saw a pronounced curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 11% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Titanium Ores and Concentrates

Exports from Brazil

In 2022, the amount of titanium ores and concentrates exported from Brazil declined markedly to X tons, waning by -15.8% compared with the previous year. Over the period under review, exports showed a perceptible downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 163% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, titanium ore and concentrate exports shrank rapidly to $X in 2022. In general, exports saw a perceptible slump. The pace of growth was the most pronounced in 2017 when exports increased by 153% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for titanium ore and concentrate exports from Brazil, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to +14.7%.

In value terms, China ($X) emerged as the key foreign market for titanium ores and concentrates exports from Brazil.

From 2012 to 2022, the average annual growth rate of value to China amounted to +9.2%.

Export Prices by Country

In 2022, the average titanium ore and concentrate export price amounted to $X per ton, with a decrease of -20.3% against the previous year. In general, the export price showed a perceptible slump. The pace of growth was the most pronounced in 2020 when the average export price increased by 30%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for France amounted to +6.1% per year.

Imports of Titanium Ores and Concentrates

Imports into Brazil

In 2022, purchases abroad of titanium ores and concentrates increased by 59% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2015 when imports increased by 69% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, titanium ore and concentrate imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a deep downturn. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Africa (X tons) constituted the largest supplier of titanium ore and concentrate to Brazil, with a 81% share of total imports. Moreover, titanium ore and concentrate imports from South Africa exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The third position in this ranking was held by Australia (X tons), with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume from South Africa totaled +23.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.0% per year) and Australia (-7.7% per year).

In value terms, South Africa ($X) constituted the largest supplier of titanium ores and concentrates to Brazil, comprising 71% of total imports. The second position in the ranking was taken by Australia ($X), with a 7.3% share of total imports. It was followed by Germany, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Africa totaled +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-3.9% per year) and Germany (-1.9% per year).

Import Prices by Country

The average titanium ore and concentrate import price stood at $X per ton in 2022, rising by 8.8% against the previous year. In general, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.4% 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 +80.4% against 2016 indices. The pace of growth was the most pronounced in 2018 an increase of 20%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Germany ($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 Netherlands (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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