Report Update Nov 1, 2024

World - Titanium Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Overview of the Global Market for Titanium Ores and Concentrates

Market Size for Titanium Ores and Concentrates

The global titanium ore and concentrate market declined slightly to $X in 2022, standing approx. at the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Global consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Titanium Ores and Concentrates

In value terms, titanium ore and concentrate production rose sharply to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 17%. Over the period under review, global production reached 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

In 2022, approx. X tons of titanium ores and concentrates were exported worldwide; dropping by -3.7% compared with the year before. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 32%. The global exports peaked at X tons in 2021, and then declined modestly in the following year.

In value terms, titanium ore and concentrate exports rose markedly to $X in 2022. In general, exports recorded a mild shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 36% against the previous year. Over the period under review, the global exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Mozambique (X tons), Norway (X tons), Australia (X tons) and South Africa (X tons) represented the main exporter of titanium ores and concentrates in the world, generating 63% of total export. It was distantly followed by Ukraine (X tons), mixing up a 6% share of total exports. The following exporters - the United States (X tons), South Korea (X tons), Sierra Leone (X tons), India (X tons), Senegal (X tons), Madagascar (X tons) and Canada (X tons) - together made up 24% of total exports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +84.3%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest titanium ore and concentrate supplying countries worldwide were Australia ($X), South Africa ($X) and Mozambique ($X), with a combined 49% share of global exports. Sierra Leone, Norway, Senegal, Ukraine, Madagascar, India, the United States, Canada and South Korea lagged somewhat behind, together accounting for a further 36%.

Canada, with a CAGR of +89.3%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average titanium ore and concentrate export price amounted to $X per ton, surging by 10% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 10%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sierra Leone ($X per ton), while South Korea ($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 (+4.2%), while the other global leaders experienced more modest paces of growth.

Imports of Titanium Ores and Concentrates

Imports

In 2022, after two years of growth, there was significant decline in supplies from abroad of titanium ores and concentrates, when their volume decreased by -9.2% to X tons. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 38%. Global imports peaked at X tons in 2021, and then declined in the following year.

In value terms, titanium ore and concentrate imports surged to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 34% against the previous year. Over the period under review, global imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China represented the largest importing country with an import of around X tons, which finished at 45% of total imports. It was distantly followed by the United States (X tons), Germany (X tons) and Japan (X tons), together comprising a 24% share of total imports. The following importers - Norway (X tons), Canada (X tons), Belgium (X tons), the UK (X tons), Russia (X tons), the Czech Republic (X tons) and the Netherlands (X tons) - together made up 19% of total imports.

Imports into China increased at an average annual rate of +1.8% from 2012 to 2022. At the same time, Norway (+29.6%), the UK (+6.7%), the Czech Republic (+5.5%) and the United States (+1.2%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in the world, with a CAGR of +29.6% from 2012-2022. By contrast, Canada (-1.8%), Russia (-2.5%), the Netherlands (-3.5%), Germany (-3.9%), Belgium (-4.8%) and Japan (-5.0%) illustrated a downward trend over the same period. While the share of China (+10 p.p.), Norway (+3.4 p.p.) and the United States (+2.1 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Germany (-2.4 p.p.) and Japan (-3.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported titanium ores and concentrates worldwide, comprising 33% of global imports. The second position in the ranking was taken by the United States ($X), with a 12% share of global imports. It was followed by Japan, with an 11% share.

In China, titanium ore and concentrate imports expanded at an average annual rate of +3.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (-1.1% per year) and Japan (-1.7% per year).

Import Prices by Country

The average titanium ore and concentrate import price stood at $X per ton in 2022, surging by 27% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Global 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 importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+5.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for titanium ores and concentrates in the world?

The country with the largest volume of titanium ore and concentrate consumption was China, comprising approx. 44% of total volume. Moreover, titanium ore and concentrate consumption in China exceeded the figures recorded by the second-largest consumer, Canada, fourfold. The United States ranked third in terms of total consumption with a 7.5% share.

What are the largest producers of titanium ores and concentrates in the world?

The countries with the highest volumes of in 2021 were China, Canada and South Africa, together accounting for 58% of global production. Mozambique, Australia, Ukraine, Norway, Senegal, Madagascar, Kenya, South Korea, India and Vietnam lagged somewhat behind, together comprising a further 38%. Moreover, titanium ore and concentrate production in China exceeded the figures recorded by the world's second-largest producer, Canada, twofold.

What are the leading suppliers of titanium ores and concentrates in the world?

In value terms, South Africa remains the largest titanium ore and concentrate supplier worldwide, comprising 42% of global exports. The second position in the ranking was occupied by Mozambique, with a 7.5% share of global exports. It was followed by Norway, with a 7.1% share.

What are the leading importers of titanium ores and concentrates in the world?

In value terms, China constitutes the largest market for imported titanium ores and concentrates worldwide, comprising 33% of global imports. The second position in the ranking was occupied by the United States, with a 12% share of global imports. It was followed by Germany, with a 7% share.

What is the average export price for titanium ores and concentrates in the world?

In 2021, the average titanium ore and concentrate export price amounted to $634 per ton, growing by 5.6% against the previous year.

What is the average import price for titanium ores and concentrates in the world?

In 2021, the average titanium ore and concentrate import price amounted to $417 per ton, surging by 2.5% against the previous year.

This report provides an in-depth analysis of the global market for titanium ore and concentrate. 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:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Company coverage:

Chemours, Iluka Resources, Rio Tinto, Trimex Industries, Tronox, Group DF, Honeywell Electronic Materials Inc., Titanium Metals Corp., Timet Henderson, Image Resources NL, Base Resources Ltd., Kenmare Resources PLC, TiZir Ltd., Mineral Deposits Ltd., Mineral Commodities Ltd., Strandline Resources Ltd., Allegheny Technologies, Sumitomo Corporation, VSMPO-AVISMA Corporation, DuPont Titanium Technologies

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. CONSUMPTION BY COUNTRY
3. 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. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
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
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023