EU: Titanium Market 2024

Titanium Market Size in the EU

In 2022, after two years of decline, there was significant growth in the EU titanium market, when its value increased by 6.8% to $X. The market value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Titanium Production in the EU

In value terms, titanium production amounted to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by 16% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Titanium Exports

Exports in the EU

Titanium exports dropped sharply to X tons in 2022, shrinking by -22.9% on the previous year. Overall, exports saw a perceptible downturn. The growth pace was the most rapid in 2021 when exports increased by 27%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, titanium exports expanded slightly to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 25%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons) and Italy (X tons) represented roughly 58% of total exports in 2022. The Netherlands (X tons) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by France (9.8%) and Spain (7.7%). Poland (X tons) and Slovenia (X tons) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Poland (with a CAGR of +82.1%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest titanium supplier in the European Union, comprising 43% of total exports. The second position in the ranking was taken by Italy ($X), with a 20% share of total exports. It was followed by France, with a 14% share.

In Germany, titanium exports increased at an average annual rate of +3.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Italy (+9.5% per year) and France (+6.8% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, picking up by 35% against the previous year. Export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, titanium export price increased by +68.9% against 2015 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.9%), while the other leaders experienced more modest paces of growth.

Titanium Imports

Imports in the EU

In 2022, purchases abroad of titanium sponge, powders, ingots and slabs increased by 9.9% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, continue to indicate a slight descent. The growth pace was the most rapid in 2018 with an increase of 12% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, titanium imports skyrocketed to $X in 2022. Total imports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

France (X tons), Italy (X tons) and Germany (X tons) represented roughly 67% of total imports in 2022. The Czech Republic (X tons) held an 8.3% share (based on physical terms) of total imports, which put it in second place, followed by Estonia (5.9%) and the Netherlands (4.6%). Spain (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +56.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 69% of total imports. The Czech Republic, Spain, Estonia and the Netherlands lagged somewhat behind, together accounting for a further 15%.

In terms of the main importing countries, the Czech Republic, with a CAGR of +56.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, picking up by 23% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+5.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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