Asia-Pacific: Ferro-Titanium And Ferro-Silico-Titanium Market 2024

Ferro-Titanium And Ferro-Silico-Titanium Market Size in Asia-Pacific

In 2023, the Asia-Pacific ferro-titanium and ferro-silico-titanium market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2022, and then shrank dramatically in the following year.

Ferro-Titanium And Ferro-Silico-Titanium Production in Asia-Pacific

In value terms, ferro-titanium and ferro-silico-titanium production expanded significantly to $X in 2023 estimated in export price. Overall, production recorded a slight curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Ferro-Titanium And Ferro-Silico-Titanium Exports

Exports in Asia-Pacific

In 2023, exports of ferro-titanium and ferro-silico-titanium in Asia-Pacific fell rapidly to X tons, dropping by X% compared with 2022. In general, exports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The volume of export peaked at X tons in 2022, and then reduced dramatically in the following year.

In value terms, ferro-titanium and ferro-silico-titanium exports dropped rapidly to $X in 2023. Overall, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2022, and then contracted dramatically in the following year.

Exports by Country

India was the main exporter of ferro-titanium and ferro-silico-titanium in Asia-Pacific, with the volume of exports recording X tons, which was approx. X% of total exports in 2023. It was distantly followed by China (X tons) and Singapore (X tons), together generating a X% share of total exports. South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Singapore (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest ferro-titanium and ferro-silico-titanium supplying countries in Asia-Pacific were India ($X), China ($X) and Singapore ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Singapore, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2023, reducing by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2022, and then dropped markedly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Singapore ($X per ton) and South Korea ($X per ton), while India ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the export price figures.

Ferro-Titanium And Ferro-Silico-Titanium Imports

Imports in Asia-Pacific

In 2023, purchases abroad of ferro-titanium and ferro-silico-titanium decreased by X% to X tons, falling for the fourth consecutive year after eight years of growth. Over the period under review, imports, however, saw moderate growth. The growth pace was the most rapid in 2014 when imports increased by X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, ferro-titanium and ferro-silico-titanium imports reduced rapidly to $X in 2023. Total imports indicated a measured expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2022, and then reduced remarkably in the following year.

Imports by Country

Japan (X tons) and South Korea (X tons) represented roughly X% of total imports in 2023. It was distantly followed by India (X tons), making up a X% share of total imports. Malaysia (X tons), Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons) took a little share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Hong Kong SAR (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ferro-titanium and ferro-silico-titanium importing markets in Asia-Pacific were Japan ($X), South Korea ($X) and India ($X), with a combined X% share of total imports. Malaysia, Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Hong Kong SAR, with a CAGR of X%, recorded the highest growth rate of 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 2023, the import price in Asia-Pacific amounted to $X per ton, which is down by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the import price increased by X%. As a result, import price attained the peak level of $X per ton, and then dropped remarkably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Malaysia ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform