Northern America: Market for Titanium Ores and Concentrates 2024

Market Size for Titanium Ores and Concentrates in Northern America

The North American titanium ore and concentrate market reduced to $X in 2022, dropping by -6% against the previous year. Over the period under review, consumption continues to indicate a mild slump. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Titanium Ores and Concentrates in Northern America

In value terms, titanium ore and concentrate production expanded rapidly to $X in 2022 estimated in export price. Overall, production posted a notable increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by 214% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Titanium Ores and Concentrates

Exports in Northern America

For the third year in a row, Northern America recorded growth in shipments abroad of titanium ores and concentrates, which increased by 44% to X tons in 2022. Overall, exports posted significant growth. The growth pace was the most rapid in 2015 with an increase of 2,686%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, titanium ore and concentrate exports soared to $X in 2022. Over the period under review, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 578% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

The United States was the main exporting country with an export of about X tons, which amounted to 67% of total exports. It was distantly followed by Canada (X tons), achieving a 33% share of total exports.

Exports from the United States increased at an average annual rate of +20.3% from 2012 to 2022. At the same time, Canada (+84.3%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +84.3% from 2012-2022. From 2012 to 2022, the share of Canada increased by +32 percentage points.

In value terms, the United States ($X) emerged as the largest titanium ore and concentrate supplier in Northern America, comprising 71% of total exports. The second position in the ranking was taken by Canada ($X), with a 29% share of total exports.

In the United States, titanium ore and concentrate exports expanded at an average annual rate of +9.1% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, reducing by -9.4% against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2014 an increase of 271% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, 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 Canada (+2.8%).

Imports of Titanium Ores and Concentrates

Imports in Northern America

In 2022, approx. X tons of titanium ores and concentrates were imported in Northern America; declining by -16.9% on the previous year. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 37% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then shrank sharply in the following year.

In value terms, titanium ore and concentrate imports expanded notably to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 60%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States was the main importer of titanium ores and concentrates in Northern America, with the volume of imports reaching X tons, which was approx. 77% of total imports in 2022. It was distantly followed by Canada (X tons), mixing up a 23% share of total imports.

The United States was also the fastest-growing in terms of the titanium ores and concentrates imports, with a CAGR of +1.2% from 2012 to 2022. Canada (-1.8%) illustrated a downward trend over the same period. The United States (+5.6 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -5.6% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported titanium ores and concentrates in Northern America, comprising 87% of total imports. The second position in the ranking was taken by Canada ($X), with a 13% share of total imports.

In the United States, titanium ore and concentrate imports plunged by an average annual rate of -1.1% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, rising by 33% against the previous year. Overall, the import price, however, saw a mild downturn. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 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 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 Canada (+2.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :