Sweden: Market for Titanium Ores and Concentrates 2024

Market Size for Titanium Ores and Concentrates in Sweden

In 2022, the Swedish titanium ore and concentrate market increased by 13% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, saw a slight contraction. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Exports of Titanium Ores and Concentrates

Exports from Sweden

For the fourth consecutive year, Sweden recorded growth in overseas shipments of titanium ores and concentrates, which increased by 37% to X tons in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 2,808% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, titanium ore and concentrate exports soared to $X in 2022. Over the period under review, exports enjoyed temperate growth. The pace of growth was the most pronounced in 2019 when exports increased by 3,007%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for titanium ore and concentrate exports from Sweden, with a 88% share of total exports. Moreover, titanium ore and concentrate exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X tons), more than tenfold. Indonesia (X tons) ranked third in terms of total exports with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +127.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+34.6% per year) and Indonesia (0.0% per year).

In value terms, Germany ($X) remains the key foreign market for titanium ores and concentrates exports from Sweden, comprising 89% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 6.7% share of total exports. It was followed by Indonesia, with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +220.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+96.1% per year) and Indonesia (0.0% per year).

Export Prices by Country

In 2022, the average titanium ore and concentrate export price amounted to $X per ton, growing by 17% against the previous year. Overall, the export price continues to indicate a perceptible expansion. The pace of growth was the most pronounced in 2020 an increase of 144% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($X per ton) and Norway ($X per ton), while the average price for exports to Indonesia ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+45.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Titanium Ores and Concentrates

Imports into Sweden

In 2022, purchases abroad of titanium ores and concentrates increased by 31% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 262%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, titanium ore and concentrate imports dropped to $X in 2022. Over the period under review, imports, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 84% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Norway (X tons) constituted the largest supplier of titanium ore and concentrate to Sweden, with a 68% share of total imports. Moreover, titanium ore and concentrate imports from Norway exceeded the figures recorded by the second-largest supplier, Sierra Leone (X tons), ninefold. Ukraine (X tons) ranked third in terms of total imports with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Norway stood at +50.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sierra Leone (0.0% per year) and Ukraine (-25.4% per year).

In value terms, Norway ($X), Sierra Leone ($X) and Ukraine ($X) appeared to be the largest titanium ore and concentrate suppliers to Sweden, with a combined 52% share of total imports. Germany, Hungary, Poland, South Africa and Austria lagged somewhat behind, together comprising a further 34%.

Poland, with a CAGR of +691.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average titanium ore and concentrate import price stood at $X per ton in 2022, falling by -32.4% against the previous year. Over the period under review, the import price showed a pronounced contraction. The pace of growth appeared the most rapid in 2019 an increase of 235%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+52.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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