United Arab Emirates: Titanium Market 2024

Titanium Market Size in the United Arab Emirates

The titanium market in the United Arab Emirates totaled $X in 2022, surging by 3% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 7.2%. Titanium consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Titanium Production in the United Arab Emirates

In value terms, titanium production totaled $X in 2022 estimated in export price. Overall, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.7% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of 16%. Titanium production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Titanium Exports

Exports from the United Arab Emirates

Titanium exports from the United Arab Emirates expanded sharply to X tons in 2022, increasing by 14% compared with the previous year's figure. Overall, exports, however, showed a deep reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 1,251% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, titanium exports contracted to $X in 2022. Over the period under review, exports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of 471% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Poland (X kg) was the main destination for titanium exports from the United Arab Emirates, accounting for a 35% share of total exports. Moreover, titanium exports to Poland exceeded the volume sent to the second major destination, the UK (X kg), twofold. Iceland (X kg) ranked third in terms of total exports with a 6% share.

From 2012 to 2022, the average annual growth rate of volume to Poland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+85.6% per year) and Iceland (0.0% per year).

In value terms, Poland ($X) emerged as the key foreign market for titanium sponge, powders, ingots and slabs exports from the United Arab Emirates, comprising 34% of total exports. The second position in the ranking was held by the UK ($X), with a 16% share of total exports. It was followed by Iceland, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Poland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-57.4% per year) and Iceland (0.0% per year).

Export Prices by Country

In 2022, the average titanium export price amounted to $X per ton, with a decrease of -18% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 1,074% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Oman ($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 India (+39.7%), while the prices for the other major destinations experienced more modest paces of growth.

Titanium Imports

Imports into the United Arab Emirates

In 2022, purchases abroad of titanium sponge, powders, ingots and slabs was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, faced a precipitous descent. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, titanium imports surged to $X in 2022. In general, imports, however, recorded a sharp reduction. The most prominent rate of growth was recorded in 2018 with an increase of 42%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest titanium supplier to the United Arab Emirates, with a 72% share of total imports. Moreover, titanium imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X kg), fivefold. Germany (X kg) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -20.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-44.9% per year) and Germany (-43.9% per year).

In value terms, China ($X) constituted the largest supplier of titanium sponge, powders, ingots and slabs to the United Arab Emirates, comprising 83% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports. It was followed by the UK, with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-35.1% per year) and the UK (-46.6% per year).

Import Prices by Country

The average titanium import price stood at $X per ton in 2022, declining by -21.9% against the previous year. Overall, the import price, however, saw a strong expansion. The pace of growth appeared the most rapid in 2020 an increase of 147% against the previous year. The import price peaked at $X per ton in 2021, and then reduced notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Malaysia ($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 (+42.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :