Germany: Titanium Market 2024

Titanium Market Size in Germany

The German titanium market expanded slightly to $X in 2022, surging by 2.2% against the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in the near future.

Titanium Production in Germany

In value terms, titanium production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when the production volume increased by 13%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Titanium Exports

Exports from Germany

In 2022, exports of titanium sponge, powders, ingots and slabs from Germany reduced markedly to X tons, waning by -19% on the previous year's figure. In general, exports showed a noticeable reduction. The pace of growth was the most pronounced in 2015 when exports increased by 49% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, titanium exports soared to $X in 2022. The total export value increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when exports increased by 21%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Finland (X tons), Italy (X tons) and France (X tons) were the main destinations of titanium exports from Germany, together accounting for 59% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +129.9%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the United States ($X) and Finland ($X) were the largest markets for titanium exported from Germany worldwide, with a combined 57% share of total exports.

Finland, with a CAGR of +139.6%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average titanium export price stood at $X per ton in 2022, surging by 49% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Qatar ($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 the United States (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Titanium Imports

Imports into Germany

Titanium imports into Germany contracted to X tons in 2022, declining by -12.5% on the year before. Overall, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, titanium imports rose sharply to $X in 2022. In general, imports showed a pronounced reduction. The most prominent rate of growth was recorded in 2018 with an increase of 25% 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

The Netherlands (X tons), Russia (X tons) and Japan (X tons) were the main suppliers of titanium imports to Germany, together accounting for 67% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +25.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Russia ($X) constituted the largest titanium suppliers to Germany, with a combined 52% share of total imports. The Netherlands, the United States, Ukraine, Belgium and the UK lagged somewhat behind, together accounting for a further 23%.

In terms of the main suppliers, the Netherlands, with a CAGR of +21.6%, recorded 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 average titanium import price amounted to $X per ton, rising by 31% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the Netherlands ($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 UK (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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