Malaysia: Titanium Market 2024

Titanium Market Size in Malaysia

The Malaysian titanium market expanded markedly to $X in 2022, surging by 6.5% against the previous year. Over the period under review, consumption, however, faced a abrupt slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Titanium Production in Malaysia

In value terms, titanium production amounted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a pronounced descent. The growth pace was the most rapid in 2018 with an increase of 175% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Titanium Exports

Exports from Malaysia

In 2022, overseas shipments of titanium sponge, powders, ingots and slabs increased by 80% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a precipitous descent. The growth pace was the most rapid in 2015 when exports increased by 111%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, titanium exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a dramatic contraction. The pace of growth was the most pronounced in 2015 when exports increased by 89% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons), Australia (X tons) and Oman (X tons) were the main destinations of titanium exports from Malaysia, together comprising 47% of total exports.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +3.4%), while shipments for the other leaders experienced a decline.

In value terms, Australia ($X), India ($X) and Taiwan (Chinese) ($X) constituted the largest markets for titanium exported from Malaysia worldwide, together accounting for 57% of total exports.

Australia, with a CAGR of +4.1%, 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 a decline.

Export Prices by Country

The average titanium export price stood at $X per ton in 2022, surging by 1.9% against the previous year. Over the period under review, the export price, however, showed a noticeable descent. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to the Netherlands ($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 Australia (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Titanium Imports

Imports into Malaysia

In 2022, overseas purchases of titanium sponge, powders, ingots and slabs were finally on the rise to reach X tons after five years of decline. Over the period under review, imports, however, recorded a precipitous setback. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, titanium imports soared to $X in 2022. Overall, imports, however, recorded a precipitous descent. The growth pace was the most rapid in 2015 with an increase of 151%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Australia (X tons) constituted the largest titanium supplier to Malaysia, accounting for a 80% share of total imports. Moreover, titanium imports from Australia exceeded the figures recorded by the second-largest supplier, the United States (X tons), eightfold. The Netherlands (X tons) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Australia stood at -34.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.8% per year) and the Netherlands (+18.6% per year).

In value terms, Australia ($X) constituted the largest supplier of titanium sponge, powders, ingots and slabs to Malaysia, comprising 54% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an 8.8% share of total imports. It was followed by the United States, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value from Australia amounted to -33.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+20.4% per year) and the United States (+4.8% per year).

Import Prices by Country

In 2022, the average titanium import price amounted to $X per ton, which is down by -36.8% against the previous year. Over the period under review, the import price, however, showed a strong expansion. The pace of growth appeared the most rapid in 2021 an increase of 81% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for the United States ($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 Netherlands (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :