Sri Lanka: Market for Titanium Ores and Concentrates 2025

Market Size for Titanium Ores and Concentrates in Sri Lanka

The Sri Lankan titanium ore and concentrate market reduced sharply to $X in 2022, with a decrease of -31.4% against the previous year. Overall, consumption showed a relatively flat trend pattern. Titanium ore and concentrate consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Titanium Ores and Concentrates in Sri Lanka

In value terms, titanium ore and concentrate production declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 18%. Titanium ore and concentrate production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Titanium Ores and Concentrates

Exports from Sri Lanka

In 2022, approx. X tons of titanium ores and concentrates were exported from Sri Lanka; increasing by 142% compared with 2021 figures. Overall, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 204% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, titanium ore and concentrate exports skyrocketed to $X in 2022. In general, exports continue to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2021 with an increase of 193%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Singapore (X tons) was the main destination for titanium ore and concentrate exports from Sri Lanka, accounting for a 88% share of total exports. Moreover, titanium ore and concentrate exports to Singapore exceeded the volume sent to the second major destination, India (X tons), more than tenfold. China (X tons) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore amounted to +28.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+3.0% per year) and China (-16.9% per year).

In value terms, Singapore ($X) remains the key foreign market for titanium ores and concentrates exports from Sri Lanka, comprising 77% of total exports. The second position in the ranking was held by India ($X), with a 15% share of total exports. It was followed by China, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value to Singapore totaled +27.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-1.5% per year) and China (-16.3% per year).

Export Prices by Country

In 2022, the average titanium ore and concentrate export price amounted to $X per ton, falling by -36.5% against the previous year. Overall, the export price continues to indicate a pronounced reduction. The pace of growth was the most pronounced in 2018 an increase of 11%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+9.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Titanium Ores and Concentrates

Imports into Sri Lanka

Titanium ore and concentrate imports into Sri Lanka shrank rapidly to X kg in 2022, which is down by -99.9% against 2021 figures. Over the period under review, imports recorded a significant curtailment. The growth pace was the most rapid in 2013 with an increase of 65% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, titanium ore and concentrate imports declined rapidly to $X in 2022. Overall, imports faced a dramatic descent. The growth pace was the most rapid in 2013 with an increase of 54%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, India (X kg) was the main titanium ore and concentrate supplier to Sri Lanka, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to -92.0%.

In value terms, India ($X) constituted the largest supplier of titanium ores and concentrates to Sri Lanka.

From 2012 to 2022, the average annual rate of growth in terms of value from India stood at -93.0%.

Import Prices by Country

The average titanium ore and concentrate import price stood at $X per ton in 2022, falling by -33.6% against the previous year. In general, the import price showed a abrupt decrease. The pace of growth appeared the most rapid in 2021 when the average import price increased by 0.1%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to -4.9% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :