Romania: Market for Titanium Ores and Concentrates 2024

Market Size for Titanium Ores and Concentrates in Romania

In 2022, after three years of growth, there was significant decline in the Romanian titanium ore and concentrate market, when its value decreased by -55.3% to $X. In general, consumption continues to indicate a abrupt slump. Titanium ore and concentrate consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Titanium Ores and Concentrates in Romania

In value terms, titanium ore and concentrate production amounted to $X in 2022 estimated in export price. Overall, production continues to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2020 when the production volume decreased by 99.9% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Titanium Ores and Concentrates

Exports from Romania

Titanium ore and concentrate exports from Romania stood at X tons in 2022, increasing by 13% compared with 2021. Over the period under review, exports, however, recorded a precipitous setback. The pace of growth appeared the most rapid in 2020 when exports increased by 2,998% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, titanium ore and concentrate exports reduced sharply to $X in 2022. In general, exports, however, recorded a dramatic downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 1,522%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons) was the main destination for titanium ore and concentrate exports from Romania, with a 91% share of total exports. Moreover, titanium ore and concentrate exports to Italy exceeded the volume sent to the second major destination, Spain (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy totaled -16.7%.

In value terms, Italy ($X) remains the key foreign market for titanium ores and concentrates exports from Romania, comprising 92% of total exports. The second position in the ranking was taken by Spain ($X), with a 7.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Italy totaled -26.7%.

Export Prices by Country

The average titanium ore and concentrate export price stood at $X per ton in 2022, shrinking by -32.2% against the previous year. Over the period under review, the export price, however, posted prominent growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 397%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Spain amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+3.4%), while the prices for the other major destinations experienced a decline.

Imports of Titanium Ores and Concentrates

Imports into Romania

In 2022, after three years of growth, there was significant decline in supplies from abroad of titanium ores and concentrates, when their volume decreased by -60.3% to X tons. Over the period under review, imports saw a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of 36%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, titanium ore and concentrate imports shrank significantly to $X in 2022. In general, imports saw a deep downturn. The pace of growth was the most pronounced in 2020 with an increase of 42% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped notably in the following year.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest titanium ore and concentrate supplier to Romania, accounting for a 87% share of total imports. Moreover, titanium ore and concentrate imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Senegal (X tons), more than tenfold. The third position in this ranking was held by Spain (X tons), with a 2.9% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands amounted to +31.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Senegal (0.0% per year) and Spain (-10.5% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of titanium ores and concentrates to Romania, comprising 89% of total imports. The second position in the ranking was held by Senegal ($X), with a 4.4% share of total imports. It was followed by Spain, with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled +26.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Senegal (0.0% per year) and Spain (+53.7% per year).

Import Prices by Country

The average titanium ore and concentrate import price stood at $X per ton in 2022, picking up by 42% against the previous year. In general, the import price continues to indicate moderate growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sierra Leone ($X per ton), while the price for Senegal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sierra Leone (+104.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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