Switzerland: Titanium Market 2024

Titanium Market Size in Switzerland

In 2022, the Swiss titanium market increased by 0.6% to $X, rising for the second consecutive year after five years of decline. Over the period under review, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +2.5% against 2020 indices. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Titanium Production in Switzerland

In value terms, titanium production reduced modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.5% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 62% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Titanium Exports

Exports from Switzerland

Titanium exports from Switzerland reduced markedly to X tons in 2022, waning by -15.2% against the previous year. In general, exports, however, continue to indicate a noticeable increase. The growth pace was the most rapid in 2019 with an increase of 98% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, titanium exports skyrocketed to $X in 2022. Overall, exports, however, saw strong growth. The growth pace was the most rapid in 2019 when exports increased by 137%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Italy (X tons), India (X tons) and China (X tons) were the main destinations of titanium exports from Switzerland, together comprising 64% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +614.8%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), India ($X) and China ($X) constituted the largest markets for titanium exported from Switzerland worldwide, together accounting for 69% of total exports.

In terms of the main countries of destination, India, with a CAGR of +567.0%, recorded the highest rates of growth with regard to the value of exports, 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, picking up by 38% against the previous year. In general, the export price continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 39% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Hungary ($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 Poland (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.

Titanium Imports

Imports into Switzerland

In 2022, after two years of decline, there was significant growth in supplies from abroad of titanium sponge, powders, ingots and slabs, when their volume increased by 63% to X tons. In general, imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2019 with an increase of 90% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, titanium imports surged to $X in 2022. Overall, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2019 when imports increased by 115% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Germany (X tons), China (X tons) and Russia (X tons) were the main suppliers of titanium imports to Switzerland, together comprising 81% of total imports. The UK, Canada, Spain and the United States lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +1,023.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of titanium sponge, powders, ingots and slabs to Switzerland, comprising 52% of total imports. The second position in the ranking was held by Canada ($X), with a 16% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+113.2% per year) and China (+3.5% per year).

Import Prices by Country

The average titanium import price stood at $X per ton in 2022, waning by -3.1% against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, titanium import price decreased by -27.2% against 2020 indices. The pace of growth was the most pronounced in 2013 an increase of 59% against the previous year. 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 Canada ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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