MERCOSUR: Market for Titanium Ores and Concentrates 2024

Market Size for Titanium Ores and Concentrates in MERCOSUR

The MERCOSUR titanium ore and concentrate market skyrocketed to $X in 2022, picking up by 62% against the previous year. In general, consumption, however, showed a abrupt curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Titanium Ores and Concentrates in MERCOSUR

In value terms, titanium ore and concentrate production stood at $X in 2022 estimated in export price. Overall, production saw a perceptible descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by 11% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Titanium Ores and Concentrates

Exports in MERCOSUR

Titanium ore and concentrate exports dropped markedly to X tons in 2022, which is down by -15.8% against 2021. Overall, exports recorded a perceptible slump. The most prominent rate of growth was recorded in 2017 with an increase of 162%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, titanium ore and concentrate exports declined dramatically to $X in 2022. In general, exports showed a pronounced reduction. The most prominent rate of growth was recorded in 2017 when exports increased by 145%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Brazil (X tons) was the key exporter of titanium ores and concentrates in MERCOSUR, generating 100% of total export.

Brazil was also the fastest-growing in terms of the titanium ores and concentrates exports, with a CAGR of -2.6% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest titanium ore and concentrate supplier in MERCOSUR.

From 2012 to 2022, the average annual growth rate of value in Brazil amounted to -4.5%.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, declining by -20.2% against the previous year. Over the period under review, the export price saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 29% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to -2.0% per year.

Imports of Titanium Ores and Concentrates

Imports in MERCOSUR

In 2022, supplies from abroad of titanium ores and concentrates increased by 51% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, faced a abrupt curtailment. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, titanium ore and concentrate imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt setback. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Brazil dominates imports structure, accounting for X tons, which was near 93% of total imports in 2022. The following importers - Argentina (X tons) and Colombia (X tons) - together made up 5.4% of total imports.

From 2012 to 2022, average annual rates of growth with regard to titanium ore and concentrate imports into Brazil stood at -12.2%. At the same time, Colombia (+6.8%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +6.8% from 2012-2022. By contrast, Argentina (-11.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Colombia increased by +1.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported titanium ores and concentrates in MERCOSUR, comprising 84% of total imports. The second position in the ranking was held by Argentina ($X), with a 9.4% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Brazil stood at -7.5%. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (-2.2% per year) and Colombia (+9.9% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, surging by 8.4% against the previous year. Import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, titanium ore and concentrate import price increased by +83.4% against 2016 indices. The most prominent rate of growth was recorded in 2019 when the import price increased by 18%. Over the period under review, import prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+11.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform