Canada: Ferro-Titanium And Ferro-Silico-Titanium Market 2025

Ferro-Titanium And Ferro-Silico-Titanium Market Size in Canada

In 2022, the Canadian ferro-titanium and ferro-silico-titanium market increased by 43% to $X, rising for the second year in a row after three years of decline. In general, consumption enjoyed buoyant growth. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the immediate term.

Ferro-Titanium And Ferro-Silico-Titanium Production in Canada

In value terms, ferro-titanium and ferro-silico-titanium production fell to $X in 2022 estimated in export price. Over the period under review, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +17.3% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 51% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Ferro-Titanium And Ferro-Silico-Titanium Exports

Exports from Canada

In 2022, overseas shipments of ferro-titanium and ferro-silico-titanium decreased by -22.6% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports saw a pronounced reduction. The pace of growth appeared the most rapid in 2016 with an increase of 53%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, ferro-titanium and ferro-silico-titanium exports contracted to $X in 2022. Overall, exports recorded a mild slump. The most prominent rate of growth was recorded in 2018 with an increase of 38% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for ferro-titanium and ferro-silico-titanium exports from Canada, with a 82% share of total exports. Moreover, ferro-titanium and ferro-silico-titanium exports to the United States exceeded the volume sent to the second major destination, Brazil (X tons), tenfold. China (X tons) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+10.0% per year) and China (+24.6% per year).

In value terms, the United States ($X) remains the key foreign market for ferro-titanium and ferro-silico-titanium exports from Canada, comprising 74% of total exports. The second position in the ranking was held by Brazil ($X), with a 15% share of total exports. It was followed by China, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+28.6% per year) and China (+47.8% per year).

Export Prices by Country

The average ferro-titanium and ferro-silico-titanium export price stood at $X per ton in 2022, jumping by 21% against the previous year. Overall, the export price enjoyed slight growth. The growth pace was the most rapid in 2021 an increase of 68% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to the United States ($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 China (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Titanium And Ferro-Silico-Titanium Imports

Imports into Canada

In 2022, approx. X tons of ferro-titanium and ferro-silico-titanium were imported into Canada; remaining stable against the year before. Over the period under review, imports, however, showed a deep reduction. The pace of growth appeared the most rapid in 2017 with an increase of 90%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, ferro-titanium and ferro-silico-titanium imports surged to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 114% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest ferro-titanium and ferro-silico-titanium supplier to Canada, accounting for a 66% share of total imports. Moreover, ferro-titanium and ferro-silico-titanium imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was taken by Estonia (X tons), with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled -7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+18.2% per year) and Estonia (0.0% per year).

In value terms, the United States ($X) constituted the largest supplier of ferro-titanium and ferro-silico-titanium to Canada, comprising 67% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by Brazil, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.1% per year) and Brazil (+217.7% per year).

Import Prices by Country

In 2022, the average ferro-titanium and ferro-silico-titanium import price amounted to $X per ton, growing by 53% against the previous year. In general, the import price showed a resilient increase. The pace of growth was the most pronounced in 2021 an increase of 90%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+187.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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