Ireland: Titanium Market 2024

Titanium Market Size in Ireland

The Irish titanium market soared to $X in 2022, increasing by 23% against the previous year. Overall, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Titanium Production in Ireland

In value terms, titanium production rose remarkably to $X in 2022 estimated in export price. Overall, the total production indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.6% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 77% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Titanium Exports

Exports from Ireland

In 2022, shipments abroad of titanium sponge, powders, ingots and slabs decreased by 0% to X kg, falling for the second year in a row after two years of growth. Over the period under review, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 4,708% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, titanium exports amounted to $X in 2022. In general, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 4,721%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The Czech Republic (X kg), Belgium (X kg) and the UK (X kg) were the main destinations of titanium exports from Ireland, together accounting for 94% of total exports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +27.4%), while shipments for the other leaders experienced more modest paces of growth.

It was followed by the UK, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (0.0% per year) and the UK (+69.0% per year).

Export Prices by Country

In 2022, the average titanium export price amounted to $X per ton, leveling off at the previous year. In general, the export price enjoyed perceptible growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 468% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to the UK ($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 UK (+32.7%), while the prices for the other major destinations experienced mixed trend patterns.

Titanium Imports

Imports into Ireland

In 2022, the amount of titanium sponge, powders, ingots and slabs imported into Ireland totaled X tons, standing approx. at the previous year. In general, imports posted significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 100%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, titanium imports totaled $X in 2022. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 264%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Canada (X tons), the United States (X tons) and Japan (X tons) were the main suppliers of titanium imports to Ireland, with a combined 73% share of total imports. These countries were followed by China, Germany and the UK, which together accounted for a further 27%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +98.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), China ($X) and the United States ($X) appeared to be the largest titanium suppliers to Ireland, together comprising 76% of total imports.

Among the main suppliers, China, with a CAGR of +136.3%, recorded the highest rates of growth with regard to 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

The average titanium import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, the import price continues to indicate strong growth. The pace of growth appeared the most rapid in 2016 when the average import price increased by 114% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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