Ukraine: Market for Titanium Ores and Concentrates 2024

Market Size for Titanium Ores and Concentrates in Ukraine

In 2022, the Ukrainian titanium ore and concentrate market increased by 99% to $X, rising for the third consecutive year after four years of decline. In general, consumption, however, saw a noticeable decline. Titanium ore and concentrate consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Titanium Ores and Concentrates in Ukraine

In value terms, titanium ore and concentrate production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a slight contraction. The pace of growth appeared the most rapid in 2016 with an increase of 19% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Titanium Ores and Concentrates

Exports from Ukraine

In 2022, the amount of titanium ores and concentrates exported from Ukraine contracted markedly to X tons, waning by -31.6% against 2021 figures. In general, exports, however, saw perceptible growth. The pace of growth was the most pronounced in 2016 when exports increased by 57%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, titanium ore and concentrate exports fell dramatically to $X in 2022. Overall, total exports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 25%. The exports peaked at $X in 2021, and then shrank rapidly in the following year.

Exports by Country

The Czech Republic (X tons) was the main destination for titanium ore and concentrate exports from Ukraine, accounting for a 51% share of total exports. Moreover, titanium ore and concentrate exports to the Czech Republic exceeded the volume sent to the second major destination, the United States (X tons), threefold. Romania (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to the Czech Republic stood at +17.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-0.6% per year) and Romania (+48.5% per year).

In value terms, the Czech Republic ($X) emerged as the key foreign market for titanium ores and concentrates exports from Ukraine, comprising 47% of total exports. The second position in the ranking was held by the United States ($X), with a 12% share of total exports. It was followed by Romania, with a 9.6% share.

From 2012 to 2022, the average annual growth rate of value to the Czech Republic amounted to +22.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+5.9% per year) and Romania (+38.2% per year).

Export Prices by Country

In 2022, the average titanium ore and concentrate export price amounted to $X per ton, rising by 21% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Turkey ($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 (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Titanium Ores and Concentrates

Imports into Ukraine

In 2022, after two years of growth, there was significant decline in overseas purchases of titanium ores and concentrates, when their volume decreased by -95.8% to X tons. In general, imports continue to indicate a precipitous setback. The pace of growth appeared the most rapid in 2014 with an increase of 193% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, titanium ore and concentrate imports fell rapidly to $X in 2022. Over the period under review, imports showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 185%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Senegal (X tons) constituted the largest supplier of titanium ore and concentrate to Ukraine, accounting for a 87% share of total imports. Moreover, titanium ore and concentrate imports from Senegal exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Senegal amounted to +15.6%.

In value terms, Senegal ($X) constituted the largest supplier of titanium ores and concentrates to Ukraine, comprising 70% of total imports. The second position in the ranking was taken by Turkey ($X), with a 30% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Senegal amounted to +14.2%.

Import Prices by Country

In 2022, the average titanium ore and concentrate import price amounted to $X per ton, with an increase of 99% against the previous year. Over the period under review, the import price recorded strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Senegal stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (-0.1%).

Source: IndexBox Platform

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