Northern America: Titanium Market 2024

Titanium Market Size in Northern America

The North American titanium market rose notably to $X in 2022, picking up by 9.6% against the previous year. Overall, consumption, however, saw a mild descent. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Titanium Production in Northern America

In value terms, titanium production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2016 when the production volume increased by 7.6% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Titanium Exports

Exports in Northern America

After four years of decline, shipments abroad of titanium sponge, powders, ingots and slabs increased by 7.2% to X tons in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 62% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, titanium exports soared to $X in 2022. Over the period under review, exports saw a tangible expansion. The pace of growth was the most pronounced in 2014 when exports increased by 48% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States prevails in exports structure, finishing at X tons, which was near 91% of total exports in 2022. It was distantly followed by Canada (X tons), comprising a 9.1% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of titanium sponge, powders, ingots and slabs. At the same time, Canada (+11.5%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +11.5% from 2012-2022. From 2012 to 2022, the share of Canada increased by +5.9 percentage points.

In value terms, the United States ($X) remains the largest titanium supplier in Northern America, comprising 67% of total exports. The second position in the ranking was held by Canada ($X), with a 33% share of total exports.

In the United States, titanium exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, rising by 15% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2014 when the export price increased by 28%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+13.7%).

Titanium Imports

Imports in Northern America

After two years of decline, overseas purchases of titanium sponge, powders, ingots and slabs increased by 76% to X tons in 2022. Overall, imports, however, saw a relatively flat trend pattern. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, titanium imports surged to $X in 2022. In general, imports, however, showed a pronounced contraction. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United States prevails in imports structure, amounting to X tons, which was approx. 97% of total imports in 2022. Canada (X tons) followed a long way behind the leaders.

The United States experienced a relatively flat trend pattern with regard to volume of imports of titanium sponge, powders, ingots and slabs. At the same time, Canada (+8.2%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +8.2% from 2012-2022. From 2012 to 2022, the share of Canada increased by +1.5 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported titanium sponge, powders, ingots and slabs in Northern America, comprising 98% of total imports. The second position in the ranking was taken by Canada ($X), with a 2% share of total imports.

In the United States, titanium imports declined by an average annual rate of -2.8% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, declining by -8.1% against the previous year. Over the period under review, the import price recorded a mild decrease. The most prominent rate of growth was recorded in 2016 an increase of 11% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-1.8%).

Source: IndexBox Platform

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