Germany: Market for Titanium Ores and Concentrates 2024

Market Size for Titanium Ores and Concentrates in Germany

In 2022, the German titanium ore and concentrate market increased by 2% to $X, rising for the second year in a row after two years of decline. In general, consumption recorded a perceptible downturn. Titanium ore and concentrate consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Titanium Ores and Concentrates

Exports from Germany

For the third year in a row, Germany recorded growth in overseas shipments of titanium ores and concentrates, which increased by 25% to X tons in 2022. Overall, exports saw a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of 266% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, titanium ore and concentrate exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 783%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

India (X tons), the Netherlands (X tons) and Brazil (X tons) were the main destinations of titanium ore and concentrate exports from Germany, together comprising 87% of total exports. Hong Kong SAR, Japan, China and Mexico lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +273.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for titanium ores and concentrates exports from Germany, comprising 59% of total exports. The second position in the ranking was taken by India ($X), with a 14% share of total exports. It was followed by Hong Kong SAR, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands stood at +162.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+71.1% per year) and Hong Kong SAR (+524.1% per year).

Export Prices by Country

The average titanium ore and concentrate export price stood at $X per ton in 2022, waning by -2.2% against the previous year. Overall, the export price, however, enjoyed temperate growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 141% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 Mexico ($X per ton), while the average price for exports to India ($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 Hong Kong SAR (+67.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Titanium Ores and Concentrates

Imports into Germany

In 2022, imports of titanium ores and concentrates into Germany contracted to X tons, falling by -7% compared with 2021. Overall, imports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2017 with an increase of 36% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, titanium ore and concentrate imports rose significantly to $X in 2022. Over the period under review, imports continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2021 with an increase of 26%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Norway (X tons) constituted the largest supplier of titanium ore and concentrate to Germany, with a 50% share of total imports. Moreover, titanium ore and concentrate imports from Norway exceeded the figures recorded by the second-largest supplier, South Africa (X tons), twofold. Canada (X tons) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Norway stood at +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-6.4% per year) and Canada (-8.0% per year).

In value terms, South Africa ($X), Norway ($X) and Sierra Leone ($X) constituted the largest titanium ore and concentrate suppliers to Germany, together comprising 87% of total imports.

Sierra Leone, with a CAGR of +81.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average titanium ore and concentrate import price stood at $X per ton in 2022, increasing by 17% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 31%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sierra Leone (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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