Southern Asia: Market for Titanium Ores and Concentrates 2024

Market Size for Titanium Ores and Concentrates in Southern Asia

For the third consecutive year, the South Asian titanium ore and concentrate market recorded decline in sales value, which decreased by -19.5% to $X in 2022. Overall, consumption, however, continues to indicate a noticeable expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Titanium Ores and Concentrates in Southern Asia

In value terms, titanium ore and concentrate production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a deep setback. The pace of growth was the most pronounced in 2019 with an increase of 6.7%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Titanium Ores and Concentrates

Exports in Southern Asia

In 2022, titanium ore and concentrate exports in Southern Asia surged to X tons, jumping by 23% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a abrupt curtailment. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, titanium ore and concentrate exports surged to $X in 2022. In general, exports, however, continue to indicate a abrupt decrease. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

India was the key exporting country with an export of around X tons, which recorded 77% of total exports. It was distantly followed by Sri Lanka (X tons), creating a 23% share of total exports.

Exports from India decreased at an average annual rate of -12.9% from 2012 to 2022. At the same time, Sri Lanka (+7.3%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +7.3% from 2012-2022. Sri Lanka (+20 p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by -19.6% from 2012 to 2022, respectively.

In value terms, India ($X) remains the largest titanium ore and concentrate supplier in Southern Asia, comprising 76% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 24% share of total exports.

In India, titanium ore and concentrate exports declined by an average annual rate of -11.6% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, rising by 2.7% against the previous year. In general, the export price saw a modest expansion. The pace of growth was the most pronounced in 2017 when the export price increased by 86%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while India stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.5%).

Imports of Titanium Ores and Concentrates

Imports in Southern Asia

In 2022, the amount of titanium ores and concentrates imported in Southern Asia contracted remarkably to X tons, which is down by -38.4% against 2021 figures. In general, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2015 with an increase of 58% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, titanium ore and concentrate imports dropped to $X in 2022. Over the period under review, imports, however, enjoyed a modest expansion. The pace of growth was the most pronounced in 2017 with an increase of 71%. The level of import peaked at $X in 2021, and then declined in the following year.

Imports by Country

India prevails in imports structure, resulting at X tons, which was near 94% of total imports in 2022. It was distantly followed by Bangladesh (X tons), making up a 5% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to titanium ore and concentrate imports into India stood at -6.9%. At the same time, Bangladesh (+4.9%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +4.9% from 2012-2022. Bangladesh (+3.4 p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by -2.8% from 2012 to 2022, respectively.

In value terms, India ($X) constitutes the largest market for imported titanium ores and concentrates in Southern Asia, comprising 93% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 6.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at +1.8%.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, surging by 41% against the previous year. Over the period under review, the import price saw a prominent increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :