China: Titanium Market 2024

Titanium Market Size in China

The Chinese titanium market rose remarkably to $X in 2022, picking up by X% against the previous year. Overall, consumption continues to indicate a moderate expansion. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2022.

Titanium Production in China

In value terms, titanium production rose sharply to $X in 2022 estimated in export price. Over the period under review, production enjoyed mild growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Titanium Exports

Exports from China

In 2022, shipments abroad of titanium sponge, powders, ingots and slabs increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, exports, however, saw a perceptible reduction. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, titanium exports soared to $X in 2022. Over the period under review, exports, however, showed a deep slump. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), the United States (X tons) and South Korea (X tons) were the main destinations of titanium exports from China, with a combined X% share of total exports. India, Germany, Spain, Russia, Taiwan (Chinese), Sweden, Canada, Japan and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and South Korea ($X) constituted the largest markets for titanium exported from China worldwide, together accounting for X% of total exports. Germany, India, Russia, Spain, Sweden, Taiwan (Chinese), Japan, the UK and Canada lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

In 2022, the average titanium export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, saw a mild setback. The most prominent rate of growth was recorded in 2018 an increase of X%. 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 remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to South Korea ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Titanium Imports

Imports into China

Titanium imports into China reached X tons in 2022, with an increase of X% against the year before. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, titanium imports contracted to $X in 2022. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted in the following year.

Imports by Country

Japan (X tons), Kazakhstan (X tons) and Saudi Arabia (X tons) were the main suppliers of titanium imports to China, with a combined X% 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 Kazakhstan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Kazakhstan ($X) and Saudi Arabia ($X) were the largest titanium suppliers to China, with a combined X% share of total imports.

Kazakhstan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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, declining by X% against the previous year. Over the period under review, the import price recorded a abrupt descent. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per ton) and Saudi Arabia ($X per ton), while the price for Canada ($X per ton) and Ukraine ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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