U.S.: Titanium Market 2024

Titanium Market Size in the U.S.

After two years of decline, the U.S. titanium market increased by 25% to $X in 2022. In general, consumption, however, recorded a pronounced shrinkage. Titanium consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Titanium Production in the U.S.

In value terms, titanium production reached $X in 2022. The total output value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 28% against the previous year. Titanium production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Titanium Exports

Exports from the U.S.

In 2022, overseas shipments of titanium sponge, powders, ingots and slabs were finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 62% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, titanium exports soared to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 48%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for titanium exports from the United States, accounting for a 46% share of total exports. Moreover, titanium exports to the UK exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to the UK stood at -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-1.2% per year) and Italy (+4.6% per year).

In value terms, the UK ($X) remains the key foreign market for titanium sponge, powders, ingots and slabs exports from the United States, comprising 44% of total exports. The second position in the ranking was taken by Italy ($X), with a 20% share of total exports. It was followed by France, with a 17% share.

From 2012 to 2022, the average annual growth rate of value to the UK stood at -2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+16.9% per year) and France (-3.0% per year).

Export Prices by Country

The average titanium export price stood at $X per ton in 2022, growing by 27% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 30% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Mexico ($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 Italy (+11.8%), while the prices for the other major destinations experienced mixed trend patterns.

Titanium Imports

Imports into the U.S.

After two years of decline, purchases abroad of titanium sponge, powders, ingots and slabs increased by 92% to X tons in 2022. Over the period under review, imports, however, saw a slight decline. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, titanium imports surged to $X in 2022. Overall, imports, however, recorded a perceptible setback. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Japan (X tons) constituted the largest supplier of titanium to the United States, accounting for a 84% share of total imports. Moreover, titanium imports from Japan exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), more than tenfold. The third position in this ranking was held by Russia (X tons), with a 5.3% share.

From 2012 to 2022, the average annual growth rate of volume from Japan stood at +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+143.5% per year) and Russia (-2.7% per year).

In value terms, Japan ($X) constituted the largest supplier of titanium sponge, powders, ingots and slabs to the United States, comprising 71% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 10% share of total imports. It was followed by Saudi Arabia, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (-9.4% per year) and Saudi Arabia (+105.9% per year).

Import Prices by Country

In 2022, the average titanium import price amounted to $X per ton, falling by -13.5% against the previous year. Overall, the import price continues to indicate a slight reduction. The growth pace was the most rapid in 2016 an increase of 9.7%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+20.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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