Report Update Nov 1, 2024

Sri Lanka - Titanium Sponge, Powders, Ingots and Slabs - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Titanium Market 2024

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

Frequently Asked Questions (FAQ) :

What are the largest markets for titanium sponge, powders, ingots and slabs in the world?

China constituted the country with the largest volume of titanium consumption, comprising approx. 21% of total volume. Moreover, titanium consumption in China exceeded the figures recorded by the second-largest consumer, Russia, threefold. The third position in this ranking was occupied by the United States, with a 6.3% share.

What are the largest producers of titanium sponge, powders, ingots and slabs in the world?

The countries with the highest volumes of in 2021 were China, Japan and Russia, with a combined 34% share of global production. Indonesia, Kazakhstan, the United States, Brazil, the UK, Pakistan, Germany, Canada, Nigeria and the Philippines lagged somewhat behind, together comprising a further 33%.

What are the leading suppliers of titanium sponge, powders, ingots and slabs to Sri Lanka?

In value terms, India $328) constituted the largest supplier of titanium to Sri Lanka.

What are the leading importers of titanium sponge, powders, ingots and slabs from Sri Lanka?

In value terms, Maldives remains the key foreign market for titanium exports from Sri Lanka.

What is the average export price for titanium sponge, powders, ingots and slabs in Sri Lanka?

In 2021, the average titanium export price amounted to $5,601 per ton, waning by -15.5% against the previous year.

What is the average import price for titanium sponge, powders, ingots and slabs in Sri Lanka?

The average titanium import price stood at $10,933 per ton in 2021, with a decrease of -15.4% against the previous year.

This report provides an in-depth analysis of the titanium market in Sri Lanka. 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:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
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