United Kingdom: Market for Titanium Ores and Concentrates 2024

Market Size for Titanium Ores and Concentrates in the UK

The UK titanium ore and concentrate market surged to $X in 2022, growing by 37% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw prominent growth. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Exports of Titanium Ores and Concentrates

Exports from the UK

In 2022, overseas shipments of titanium ores and concentrates were finally on the rise to reach X tons after two years of decline. In general, exports, however, saw a abrupt contraction. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, titanium ore and concentrate exports soared to $X in 2022. Overall, exports, however, continue to indicate a drastic downturn. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for titanium ore and concentrate exports from the UK, with a 60% share of total exports. Moreover, titanium ore and concentrate exports to Germany exceeded the volume sent to the second major destination, Ireland (X kg), threefold. The third position in this ranking was taken by France (X kg), with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+17.1% per year) and France (-25.6% per year).

In value terms, France ($X) emerged as the key foreign market for titanium ores and concentrates exports from the UK, comprising 63% of total exports. The second position in the ranking was held by Germany ($X), with a 20% share of total exports. It was followed by the Netherlands, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to France amounted to -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+1.5% per year) and the Netherlands (+59.6% per year).

Export Prices by Country

In 2022, the average titanium ore and concentrate export price amounted to $X per ton, rising by 246% against the previous year. In general, the export price recorded resilient growth. The pace of growth was the most pronounced in 2019 an increase of 595% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 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 the Netherlands ($X per ton), while the average price for exports to Ireland ($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 Netherlands (+34.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Titanium Ores and Concentrates

Imports into the UK

After three years of decline, overseas purchases of titanium ores and concentrates increased by 49% to X tons in 2022. Overall, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 102% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, titanium ore and concentrate imports soared to $X in 2022. Over the period under review, imports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of 179%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Australia (X tons), South Africa (X tons) and Norway (X tons) were the main suppliers of titanium ore and concentrate imports to the UK, with a combined 95% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Norway (with a CAGR of +95.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest titanium ore and concentrate suppliers to the UK were Australia ($X), South Africa ($X) and Norway ($X), with a combined 93% share of total imports.

Norway, with a CAGR of +102.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average titanium ore and concentrate import price amounted to $X per ton, falling by -10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 38% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sierra Leone ($X per ton), while the price for Austria ($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 (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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