Report Update Nov 1, 2024

Saudi Arabia - Titanium Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Market for Titanium Ores and Concentrates 2024

Market Size for Titanium Ores and Concentrates in Saudi Arabia

The Saudi titanium ore and concentrate market reduced sharply to less than $X in 2022, falling by 99.9% against the previous year. Overall, consumption, however, showed a mild contraction. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Titanium Ores and Concentrates in Saudi Arabia

In value terms, titanium ore and concentrate production totaled $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. Over the period under review, production attained the peak level in 2022 and is likely to see gradual growth in the near future.

Exports of Titanium Ores and Concentrates

Exports from Saudi Arabia

In 2022, after two years of decline, there was significant growth in overseas shipments of titanium ores and concentrates, when their volume increased by 93% to X tons. Overall, exports posted a prominent expansion. The growth pace was the most rapid in 2017 when exports increased by 7,037% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, titanium ore and concentrate exports surged to $X in 2022. In general, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 7,283%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for titanium ore and concentrate exports from Saudi Arabia, accounting for a approx. 100% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of volume to India amounted to +8.7%.

From 2013 to 2022, the average annual rate of growth in terms of value to India stood at +11.8%.

Export Prices by Country

In 2022, the average titanium ore and concentrate export price amounted to $X per ton, jumping by 18% against the previous year. Overall, the export price posted measured growth. The pace of growth appeared the most rapid in 2018 an increase of 31% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 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 India.

From 2013 to 2022, the rate of growth in terms of prices for India amounted to +2.9% per year.

Imports of Titanium Ores and Concentrates

Imports into Saudi Arabia

In 2021, overseas purchases of titanium ores and concentrates were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 253%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, titanium ore and concentrate imports skyrocketed to $X in 2021. In general, imports, however, showed a mild curtailment. The pace of growth was the most pronounced in 2014 with an increase of 87%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

South Africa (X tons) and Australia (X tons) were the main suppliers of titanium ore and concentrate imports to Saudi Arabia.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +16.7%).

In value terms, the largest titanium ore and concentrate suppliers to Saudi Arabia were Australia ($X) and South Africa ($X).

In terms of the main suppliers, Australia, with a CAGR of +9.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2021, the average titanium ore and concentrate import price amounted to $X per ton, dropping by -27.2% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 an increase of 36%. Over the period under review, average import prices attained the peak figure at $X per ton in 2020, and then fell sharply in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for South Africa stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kenya (+54.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for titanium ores and concentrates in the world?

China remains the largest titanium ore and concentrate consuming country worldwide, accounting for 44% of total volume. Moreover, titanium ore and concentrate consumption in China exceeded the figures recorded by the second-largest consumer, Canada, fourfold. The third position in this ranking was occupied by the United States, with a 7.5% share.

What are the largest producers of titanium ores and concentrates in the world?

The countries with the highest volumes of in 2021 were China, Canada and South Africa, together comprising 58% of global production. Mozambique, Australia, Ukraine, Norway, Senegal, Madagascar, Kenya, South Korea, India and Vietnam lagged somewhat behind, together comprising a further 38%. Moreover, titanium ore and concentrate production in China exceeded the figures recorded by the world's second-largest producer, Canada, twofold.

What are the leading suppliers of titanium ores and concentrates to Saudi Arabia?

In value terms, Australia, South Africa and Canada were the largest titanium ore and concentrate suppliers to Saudi Arabia, with a combined 65% share of total imports. These countries were followed by the United States, Norway, Kenya and Sierra Leone, which together accounted for a further 35%.

What is the average export price for titanium ores and concentrates in Saudi Arabia?

The average titanium ore and concentrate export price stood at $3,540 per ton in 2020, leveling off at the previous year.

What is the average import price for titanium ores and concentrates in Saudi Arabia?

The average titanium ore and concentrate import price stood at $912 per ton in 2021, which is down by -12.1% against the previous year.

This report provides an in-depth analysis of the market for titanium ore and concentrate in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023