Sri Lanka: Titanium Market 2025

Titanium Market Size in Sri Lanka

The Sri Lankan titanium market stood at $X in 2022, increasing by 6.3% against the previous year. Overall, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 -5.6% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Titanium Production in Sri Lanka

In value terms, titanium production expanded sharply to $X in 2022 estimated in export price. Over the period under review, the total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.3% 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 -7.3% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 45% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Titanium Exports

Exports from Sri Lanka

In 2022, after six years of growth, there was significant decline in shipments abroad of titanium sponge, powders, ingots and slabs, when their volume decreased by -24% to X kg. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 115%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then contracted remarkably in the following year.

In value terms, titanium exports dropped to $X in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 266%. Over the period under review, the exports attained the maximum at $X in 2021, and then contracted in the following year.

Exports by Country

Maldives (X kg) was the main destination for titanium exports from Sri Lanka, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Maldives stood at +38.2%.

In value terms, Maldives ($X) also remains the key foreign market for titanium sponge, powders, ingots and slabs exports from Sri Lanka.

From 2012 to 2022, the average annual growth rate of value to Maldives totaled +43.5%.

Export Prices by Country

In 2022, the average titanium export price amounted to $X per ton, increasing by 22% against the previous year. In general, the export price saw a measured increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 74%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 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 Maldives.

From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to +3.8% per year.

Titanium Imports

Imports into Sri Lanka

In 2022, the amount of titanium sponge, powders, ingots and slabs imported into Sri Lanka dropped significantly to X kg, waning by -44.4% on the previous year's figure. In general, imports faced a sharp decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 79%. Over the period under review, imports reached the maximum at X kg in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, titanium imports dropped notably to $X in 2022. Over the period under review, imports saw a significant decrease. The smallest decline of -2.7% was in 2020. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Taiwan (Chinese) (X kg) was the main titanium supplier to Sri Lanka, with a 90% share of total imports. Moreover, titanium imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X kg), ninefold.

From 2012 to 2022, the average annual growth rate of volume from Taiwan (Chinese) was relatively modest.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of titanium sponge, powders, ingots and slabs to Sri Lanka, comprising 97% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 3.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Taiwan (Chinese) was relatively modest.

Import Prices by Country

The average titanium import price stood at $X per ton in 2022, jumping by 29% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 44%. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for the United Arab Emirates totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+49.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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