MENA: Market for Titanium Ores and Concentrates 2024

Market Size for Titanium Ores and Concentrates in MENA

The MENA's titanium ore and concentrate market reduced remarkably to $X in 2022, falling by -40.4% against the previous year. In general, consumption, however, saw a perceptible curtailment. As a result, consumption attained the peak level of $X, and then reduced sharply in the following year.

Production of Titanium Ores and Concentrates in MENA

In value terms, titanium ore and concentrate production surged to $X in 2022 estimated in export price. Overall, production recorded significant growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Titanium Ores and Concentrates

Exports in MENA

In 2022, exports of titanium ores and concentrates in MENA skyrocketed to X tons, with an increase of 43% on the previous year's figure. In general, exports posted a measured expansion. The pace of growth was the most pronounced in 2018 when exports increased by 236%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, titanium ore and concentrate exports skyrocketed to $X in 2022. Overall, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 178% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Egypt represented the main exporting country with an export of about X tons, which resulted at 61% of total exports. The United Arab Emirates (X tons) ranks second in terms of the total exports with a 22% share, followed by Turkey (10%) and Saudi Arabia (6.8%).

From 2012 to 2022, average annual rates of growth with regard to titanium ore and concentrate exports from Egypt stood at +30.6%. At the same time, Turkey (+42.6%) and Saudi Arabia (+11.3%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in MENA, with a CAGR of +42.6% from 2012-2022. By contrast, the United Arab Emirates (-8.0%) illustrated a downward trend over the same period. Egypt (+55 p.p.), Turkey (+9.6 p.p.) and Saudi Arabia (+3.4 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -50.2% from 2012 to 2022, respectively.

In value terms, Egypt ($X) remains the largest titanium ore and concentrate supplier in MENA, comprising 49% of total exports. The second position in the ranking was held by Turkey ($X), with a 19% share of total exports. It was followed by the United Arab Emirates, with a 16% share.

In Egypt, titanium ore and concentrate exports increased at an average annual rate of +54.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+45.5% per year) and the United Arab Emirates (-7.1% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, increasing by 15% against the previous year. In general, the export price enjoyed measured growth. The growth pace was the most rapid in 2021 an increase of 346% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+18.0%), while the other leaders experienced more modest paces of growth.

Imports of Titanium Ores and Concentrates

Imports in MENA

In 2022, imports of titanium ores and concentrates in MENA reduced rapidly to X tons, declining by -66.5% against 2021 figures. In general, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 164% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, titanium ore and concentrate imports shrank sharply to $X in 2022. Over the period under review, imports faced a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 44%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Turkey prevails in imports structure, reaching X tons, which was near 87% of total imports in 2022. It was distantly followed by the United Arab Emirates (X tons), creating a 6.8% share of total imports. Egypt (X tons) held a relatively small share of total imports.

Turkey was also the fastest-growing in terms of the titanium ores and concentrates imports, with a CAGR of +23.1% from 2012 to 2022. At the same time, the United Arab Emirates (+14.8%) and Egypt (+1.8%) displayed positive paces of growth. While the share of Turkey (+83 p.p.), the United Arab Emirates (+6.2 p.p.) and Egypt (+2.3 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported titanium ores and concentrates in MENA, comprising 65% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at +7.8%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+10.4% per year) and Egypt (+4.7% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, shrinking by -12.9% against the previous year. Over the period under review, the import price saw a noticeable decline. The most prominent rate of growth was recorded in 2015 when the import price increased by 34% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+2.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform