Report Update Nov 1, 2024

Vietnam - Titanium Sponge, Powders, Ingots and Slabs - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Titanium Market 2024

Titanium Market Size in Vietnam

The Vietnamese titanium market surged to $X in 2022, picking up by 21% against the previous year. In general, consumption showed a buoyant expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Titanium Production in Vietnam

In value terms, titanium production skyrocketed to $X in 2022 estimated in export price. In general, production enjoyed a buoyant expansion. The growth pace was the most rapid in 2020 when the production volume increased by 136% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Titanium Exports

Exports from Vietnam

After four years of growth, overseas shipments of titanium sponge, powders, ingots and slabs decreased by -26.5% to X tons in 2022. Over the period under review, exports faced a significant contraction. The pace of growth was the most pronounced in 2018 when exports increased by 757%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, titanium exports fell rapidly to $X in 2022. In general, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2020 with an increase of 192% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X tons) was the main destination for titanium exports from Vietnam, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to South Korea amounted to +50.7%.

In value terms, South Korea ($X) also remains the key foreign market for titanium sponge, powders, ingots and slabs exports from Vietnam.

From 2012 to 2022, the average annual growth rate of value to South Korea amounted to +47.6%.

Export Prices by Country

In 2022, the average titanium export price amounted to $X per ton, increasing by 2.2% against the previous year. Over the period under review, the export price recorded significant growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 13,168% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for South Korea.

From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to -2.0% per year.

Titanium Imports

Imports into Vietnam

In 2022, supplies from abroad of titanium sponge, powders, ingots and slabs increased by 25% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 352% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, titanium imports dropped to $X in 2022. Overall, imports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2016 with an increase of 156%. Over the period under review, imports hit record highs at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest titanium supplier to Vietnam, accounting for a 64% share of total imports. Moreover, titanium imports from Malaysia exceeded the figures recorded by the second-largest supplier, Japan (X tons), fourfold. China (X tons) ranked third in terms of total imports with an 8.2% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia stood at +22.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+64.0% per year) and China (+37.0% per year).

In value terms, Malaysia ($X), China ($X) and Japan ($X) were the largest titanium suppliers to Vietnam, together accounting for 66% of total imports. These countries were followed by the United States and Germany, which together accounted for a further 13%.

In terms of the main suppliers, Germany, with a CAGR of +75.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average titanium import price amounted to $X per ton, dropping by -31.9% against the previous year. In general, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 an increase of 66%. The import price peaked at $X per ton in 2013; however, from 2014 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 Germany ($X per ton), while the price for Malaysia ($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 (-2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for titanium sponge, powders, ingots and slabs in the world?

China remains the largest titanium consuming country worldwide, comprising approx. 21% of total volume. Moreover, titanium consumption in China exceeded the figures recorded by the second-largest consumer, Russia, threefold. The third position in this ranking was occupied by the United States, with a 6.3% share.

What are the largest producers of titanium sponge, powders, ingots and slabs in the world?

The countries with the highest volumes of in 2021 were China, Japan and Russia, together comprising 34% of global production. These countries were followed by Indonesia, Kazakhstan, the United States, Brazil, the UK, Pakistan, Germany, Canada, Nigeria and the Philippines, which together accounted for a further 33%.

What are the leading suppliers of titanium sponge, powders, ingots and slabs to Vietnam?

In value terms, Malaysia, Japan and China constituted the largest titanium suppliers to Vietnam, together accounting for 79% of total imports.

What are the leading importers of titanium sponge, powders, ingots and slabs from Vietnam?

In value terms, South Korea $336) remains the key foreign market for titanium exports from Vietnam.

What is the average export price for titanium sponge, powders, ingots and slabs in Vietnam?

In 2021, the average titanium export price amounted to $864 per ton, declining by -15.4% against the previous year.

What is the average import price for titanium sponge, powders, ingots and slabs in Vietnam?

The average titanium import price stood at $2,773 per ton in 2021, shrinking by -15.2% against the previous year.

This report provides an in-depth analysis of the titanium market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023