EU: Market for Titanium Ores and Concentrates 2024

Market Size for Titanium Ores and Concentrates in the EU

The EU titanium ore and concentrate market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption, however, saw a perceptible decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Titanium Ores and Concentrates in the EU

In value terms, titanium ore and concentrate production dropped sharply to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2019 when the production volume increased by 4,718%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Titanium Ores and Concentrates

Exports in the EU

After two years of growth, shipments abroad of titanium ores and concentrates decreased by -58.3% to X tons in 2022. In general, exports saw a abrupt decline. The growth pace was the most rapid in 2020 when exports increased by 487%. The volume of export peaked at X tons in 2021, and then plummeted in the following year.

In value terms, titanium ore and concentrate exports reduced notably to $X in 2022. Overall, exports continue to indicate a slight curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 403% against the previous year. The level of export peaked at $X in 2021, and then shrank significantly in the following year.

Exports by Country

In 2022, Belgium (X tons) represented the largest exporter of titanium ores and concentrates, creating 53% of total exports. It was distantly followed by the Netherlands (X tons) and Germany (X tons), together constituting a 45% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to titanium ore and concentrate exports from Belgium stood at -8.3%. At the same time, Germany (+8.6%) displayed positive paces of growth. Moreover, Germany emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +8.6% from 2012-2022. By contrast, the Netherlands (-5.2%) illustrated a downward trend over the same period. Germany (+15 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -16.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) emerged as the largest titanium ore and concentrate supplier in the European Union, comprising 58% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Belgium totaled -2.8%. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (-0.3% per year) and Germany (+13.3% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, rising by 60% against the previous year. Export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.0% 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 +84.8% against 2020 indices. As a result, the export 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 exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.0%), while the other leaders experienced more modest paces of growth.

Imports of Titanium Ores and Concentrates

Imports in the EU

In 2022, titanium ore and concentrate imports in the European Union shrank to X tons, declining by -7.1% compared with the previous year. In general, imports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2017 with an increase of 33% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, titanium ore and concentrate imports expanded sharply to $X in 2022. Overall, imports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2017 when imports increased by 29% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Germany was the major importer of titanium ores and concentrates in the European Union, with the volume of imports accounting for X tons, which was approx. 37% of total imports in 2022. Belgium (X tons) held the second position in the ranking, followed by the Czech Republic (X tons), the Netherlands (X tons), Spain (X tons), Italy (X tons) and Poland (X tons). All these countries together took near 56% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to titanium ore and concentrate imports into Germany stood at -3.9%. At the same time, the Czech Republic (+5.5%) and Spain (+1.3%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in the European Union, with a CAGR of +5.5% from 2012-2022. By contrast, the Netherlands (-3.5%), Belgium (-4.8%), Italy (-6.2%) and Poland (-7.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Czech Republic and Spain increased by +7.3 and +3.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X), Germany ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2022, together accounting for 73% of total imports. The Czech Republic, Spain, Italy and Poland lagged somewhat behind, together accounting for a further 22%.

Among the main importing countries, the Czech Republic, with a CAGR of +6.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, with an increase of 18% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 20% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

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 Belgium ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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