Sweden: Titanium Market 2024

Titanium Market Size in Sweden

The Swedish titanium market rose slightly to $X in 2022, with an increase of 2.8% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Titanium Production in Sweden

In value terms, titanium production expanded to $X in 2022 estimated in export price. In general, production continues to indicate a mild increase. The pace of growth was the most pronounced in 2016 with an increase of 25%. 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 Sweden

In 2022, overseas shipments of titanium sponge, powders, ingots and slabs decreased by -17% to X tons, falling for the fourth year in a row after two years of growth. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 40% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, titanium exports dropped significantly to $X in 2022. Over the period under review, exports showed a noticeable curtailment. The pace of growth was the most pronounced in 2013 when exports increased by 57%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons), Canada (X tons) and the UK (X tons) were the main destinations of titanium exports from Sweden, with a combined 60% share of total exports. Germany, Russia, the United States, Taiwan (Chinese), Israel and Singapore lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +99.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for titanium exported from Sweden were Canada ($X), Italy ($X) and Taiwan (Chinese) ($X), with a combined 60% share of total exports. These countries were followed by the UK, Germany, the United States, Russia, Israel and Singapore, which together accounted for a further 34%.

Russia, with a CAGR of +92.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average titanium export price stood at $X per ton in 2022, which is down by -17.8% against the previous year. Over the period under review, the export price continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2016 an increase of 29%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Singapore ($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 the United States (+0.2%), while the prices for the other major destinations experienced a decline.

Titanium Imports

Imports into Sweden

In 2022, titanium imports into Sweden reduced to X tons, declining by -7.9% against 2021 figures. Overall, total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 46%. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, titanium imports shrank dramatically to $X in 2022. In general, imports saw a slight decrease. The most prominent rate of growth was recorded in 2018 with an increase of 42%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Japan (X tons) constituted the largest supplier of titanium to Sweden, with a 58% share of total imports. Moreover, titanium imports from Japan exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Ukraine (X tons) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2022, the average annual growth rate of volume from Japan totaled +167.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.3% per year) and Ukraine (-87.2% per year).

In value terms, Japan ($X), China ($X) and Canada ($X) constituted the largest titanium suppliers to Sweden, with a combined 89% share of total imports.

Japan, with a CAGR of +152.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average titanium import price stood at $X per ton in 2022, dropping by -10.7% against the previous year. In general, the import price saw a pronounced descent. The pace of growth was the most pronounced in 2018 an increase of 64% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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