United Arab Emirates: Market for Titanium Ores and Concentrates 2024

Market Size for Titanium Ores and Concentrates in the United Arab Emirates

In 2022, the titanium ore and concentrate market in the United Arab Emirates decreased by -1.5% to $X, falling for the third consecutive year after four years of growth. Overall, consumption, however, posted a strong expansion. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Titanium Ores and Concentrates in the United Arab Emirates

In value terms, titanium ore and concentrate production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2018 when the production volume increased by 28% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Titanium Ores and Concentrates

Exports from the United Arab Emirates

In 2022, the amount of titanium ores and concentrates exported from the United Arab Emirates fell markedly to X tons, declining by -15.9% against the previous year. Overall, exports recorded a deep reduction. The growth pace was the most rapid in 2015 when exports increased by 98% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, titanium ore and concentrate exports dropped sharply to $X in 2022. In general, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2015 with an increase of 98% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Iran (X tons) was the main destination for titanium ore and concentrate exports from the United Arab Emirates, accounting for a 63% share of total exports. Moreover, titanium ore and concentrate exports to Iran exceeded the volume sent to the second major destination, China (X tons), fourfold. Brazil (X tons) ranked third in terms of total exports with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Iran totaled -6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (0.0% per year) and Brazil (0.0% per year).

In value terms, Iran ($X) remains the key foreign market for titanium ores and concentrates exports from the United Arab Emirates, comprising 81% of total exports. The second position in the ranking was taken by Brazil ($X), with an 11% share of total exports. It was followed by China, with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Iran amounted to -3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (0.0% per year) and China (0.0% per year).

Export Prices by Country

The average titanium ore and concentrate export price stood at $X per ton in 2022, dropping by -10.1% against the previous year. Over the period under review, the export price, however, showed a slight increase. The pace of growth appeared the most rapid in 2018 an increase of 25% against the previous year. The export price peaked at $X per ton in 2021, and then fell in the following year.

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 Iran ($X per ton), while the average price for exports to China ($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 Azerbaijan (+144.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Titanium Ores and Concentrates

Imports into the United Arab Emirates

In 2022, supplies from abroad of titanium ores and concentrates decreased by -9.2% to X tons, falling for the third consecutive year after four years of growth. Over the period under review, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 235%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, titanium ore and concentrate imports fell to $X in 2022. Overall, imports, however, posted buoyant growth. The growth pace was the most rapid in 2013 when imports increased by 138%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Sri Lanka (X tons), the Netherlands (X tons) and Norway (X tons) were the main suppliers of titanium ore and concentrate imports to the United Arab Emirates, with a combined 78% share of total imports. Ukraine, Malaysia, South Africa, Germany and Sierra Leone lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +91.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of titanium ores and concentrates to the United Arab Emirates, comprising 43% of total imports. The second position in the ranking was held by Norway ($X), with an 18% share of total imports. It was followed by Sri Lanka, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to +57.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+28.5% per year) and Sri Lanka (+45.7% per year).

Import Prices by Country

In 2022, the average titanium ore and concentrate import price amounted to $X per ton, rising by 7.3% against the previous year. Overall, the import price, however, showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 51%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 the Netherlands ($X per ton), while the price for Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sierra Leone (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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