South-Eastern Asia: Titanium Market 2024

Titanium Market Size in South-Eastern Asia

The Southeast Asian titanium market rose notably to $X in 2022, growing by 8.8% against the previous year. The total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.6% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Titanium Production in South-Eastern Asia

In value terms, titanium production expanded remarkably to $X in 2022 estimated in export price. The total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.1% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 49% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Titanium Exports

Exports in South-Eastern Asia

In 2022, the amount of titanium sponge, powders, ingots and slabs exported in South-Eastern Asia declined markedly to X tons, with a decrease of -15.9% against 2021 figures. In general, exports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2015 with an increase of 110%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, titanium exports skyrocketed to $X in 2022. Over the period under review, exports showed a dramatic contraction. The most prominent rate of growth was recorded in 2015 with an increase of 88%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Malaysia (X tons) represented the main exporter of titanium sponge, powders, ingots and slabs in South-Eastern Asia, comprising 99% of total export.

Malaysia was also the fastest-growing in terms of the titanium sponge, powders, ingots and slabs exports, with a CAGR of -28.1% from 2012 to 2022. While the share of Malaysia (+10 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) also remains the largest titanium supplier in South-Eastern Asia.

From 2012 to 2022, the average annual growth rate of value in Malaysia stood at -30.2%.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, with an increase of 69% against the previous year. In general, the export price, however, continues to indicate a mild shrinkage. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to -2.9% per year.

Titanium Imports

Imports in South-Eastern Asia

In 2022, after five years of decline, there was significant growth in overseas purchases of titanium sponge, powders, ingots and slabs, when their volume increased by 39% to X tons. Over the period under review, imports, however, saw a precipitous slump. The pace of growth was the most pronounced in 2014 when imports increased by 103%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, titanium imports skyrocketed to $X in 2022. In general, imports, however, recorded a precipitous shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of 146%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Malaysia (X tons) represented the main importer of titanium sponge, powders, ingots and slabs, creating 46% of total imports. Thailand (X tons) ranks second in terms of the total imports with a 30% share, followed by Vietnam (12%) and Cambodia (11%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Cambodia (with a CAGR of +41.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Thailand ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2022, together comprising 69% of total imports. Cambodia lagged somewhat behind, accounting for a further 3.8%.

In terms of the main importing countries, Cambodia, with a CAGR of +33.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, reducing by -9.9% against the previous year. Overall, the import price, however, recorded strong growth. The most prominent rate of growth was recorded in 2021 an increase of 48% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+5.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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