Finland: Titanium Market 2024

Titanium Market Size in Finland

The Finnish titanium market was estimated at $X in 2022, growing by 4.6% against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Titanium Production in Finland

In value terms, titanium production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 19% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Titanium Exports

Exports from Finland

In 2022, exports of titanium sponge, powders, ingots and slabs from Finland dropped notably to X tons, waning by -76.2% against the previous year. In general, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 4,416%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, titanium exports contracted significantly to $X in 2022. Overall, exports, however, showed prominent growth. The pace of growth was the most pronounced in 2020 when exports increased by 3,131% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for titanium exports from Finland, accounting for a 99% share of total exports. It was followed by the United States (X kg), with a 0.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +21.9%.

In value terms, Germany ($X) remains the key foreign market for titanium sponge, powders, ingots and slabs exports from Finland, comprising 96% of total exports. The second position in the ranking was held by the United States ($X), with a 2.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +8.4%.

Export Prices by Country

The average titanium export price stood at $X per ton in 2022, shrinking by -7.4% against the previous year. In general, the export price recorded a deep reduction. The pace of growth was the most pronounced in 2019 an increase of 89%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+97.3%).

Titanium Imports

Imports into Finland

In 2022, the amount of titanium sponge, powders, ingots and slabs imported into Finland shrank to X tons, which is down by -6.8% against 2021 figures. Overall, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 4,024% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, titanium imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 899% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest titanium supplier to Finland, accounting for a 77% share of total imports. Moreover, titanium imports from Germany exceeded the figures recorded by the second-largest supplier, Canada (X kg), ninefold. China (X kg) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +55.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-8.1% per year) and China (+31.3% per year).

In value terms, Slovenia ($X) constituted the largest supplier of titanium sponge, powders, ingots and slabs to Finland, comprising 69% of total imports. The second position in the ranking was held by Germany ($X), with a 17% share of total imports. It was followed by Italy, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Slovenia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+53.4% per year) and Italy (+123.6% per year).

Import Prices by Country

In 2022, the average titanium import price amounted to $X per ton, jumping by 314% against the previous year. Overall, the import price recorded a tangible increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 546%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+25.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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