Report Update Nov 1, 2024

Sri Lanka - Titanium Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Market for Titanium Ores and Concentrates 2024

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) :

What are the largest markets for titanium ores and concentrates in the world?

China constituted the country with the largest volume of titanium ore and concentrate consumption, comprising approx. 44% of total volume. Moreover, titanium ore and concentrate consumption in China exceeded the figures recorded by the second-largest consumer, Canada, fourfold. The third position in this ranking was occupied by the United States, with a 7.5% share.

What are the largest producers of titanium ores and concentrates in the world?

The countries with the highest volumes of in 2021 were China, Canada and South Africa, with a combined 58% share of global production. These countries were followed by Mozambique, Australia, Ukraine, Norway, Senegal, Madagascar, Kenya, South Korea, India and Vietnam, which together accounted for a further 38%. Moreover, titanium ore and concentrate production in China exceeded the figures recorded by the world's second-largest producer, Canada, twofold.

What are the leading suppliers of titanium ores and concentrates to Sri Lanka?

In value terms, Ukraine, Australia $912) and India $339) constituted the largest titanium ore and concentrate suppliers to Sri Lanka.

What are the leading importers of titanium ores and concentrates from Sri Lanka?

In value terms, the largest markets for titanium ore and concentrate exported from Sri Lanka were China, Russia and Hong Kong SAR, together comprising 74% of total exports. India and the United Arab Emirates lagged somewhat behind, together accounting for a further 20%.

What is the average export price for titanium ores and concentrates in Sri Lanka?

The average titanium ore and concentrate export price stood at $705 per ton in 2021, surging by 2.3% against the previous year.

What is the average import price for titanium ores and concentrates in Sri Lanka?

In 2020, the average titanium ore and concentrate import price amounted to $1,506 per ton, flattening at the previous year.

This report provides an in-depth analysis of the market for titanium ore and concentrate 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

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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