Europe: Ferro-Titanium And Ferro-Silico-Titanium Market 2024

Ferro-Titanium And Ferro-Silico-Titanium Market Size in Europe

In 2023, after two years of growth, there was decline in the Europe ferro-titanium and ferro-silico-titanium market, when its value decreased by X% to $X. Overall, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2022, and then reduced modestly in the following year.

Ferro-Titanium And Ferro-Silico-Titanium Production in Europe

In value terms, ferro-titanium and ferro-silico-titanium production rose markedly to $X in 2023 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Ferro-Titanium And Ferro-Silico-Titanium Exports

Exports in Europe

In 2023, approx. X tons of ferro-titanium and ferro-silico-titanium were exported in Europe; surging by X% compared with the previous year. Total exports indicated a tangible increase from 2012 to 2023: its volume 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. Based on 2023 figures, exports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, ferro-titanium and ferro-silico-titanium exports dropped significantly to $X in 2023. Over the period under review, exports enjoyed mild growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then dropped dramatically in the following year.

Exports by Country

In 2023, Russia (X tons), distantly followed by the Netherlands (X tons), the UK (X tons), Estonia (X tons), Latvia (X tons) and Germany (X tons) represented the major exporters of ferro-titanium and ferro-silico-titanium, together generating X% of total exports. Poland (X tons) took a minor share of total exports.

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

In value terms, Russia ($X), the Netherlands ($X) and the UK ($X) were the countries with the highest levels of exports in 2023, together accounting for X% of total exports. Estonia, Latvia, Germany and Poland lagged somewhat behind, together accounting for a further X%.

Latvia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Europe amounted to $X per ton, shrinking by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2022, and then reduced remarkably in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Germany ($X per ton) and Poland ($X per ton), while Latvia ($X per ton) and Estonia ($X per ton) were amongst the lowest.

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

Ferro-Titanium And Ferro-Silico-Titanium Imports

Imports in Europe

Ferro-titanium and ferro-silico-titanium imports amounted to X tons in 2023, increasing by X% on the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, ferro-titanium and ferro-silico-titanium imports shrank markedly to $X in 2023. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then fell markedly in the following year.

Imports by Country

In 2023, the Netherlands (X tons) and Germany (X tons) represented the largest importers of ferro-titanium and ferro-silico-titanium in Europe, together making up X% of total imports. Latvia (X tons) ranks next in terms of the total imports with an X% share, followed by Estonia (X%), Austria (X%), France (X%), Italy (X%), Poland (X%), Spain (X%) and Belgium (X%).

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

In value terms, Germany ($X), the Netherlands ($X) and France ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Latvia, Austria, Estonia, Italy, Belgium, Spain and Poland lagged somewhat behind, together accounting for a further X%.

Latvia, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries 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 Europe amounted to $X per ton, declining by X% against the previous year. In general, the import price showed a slight reduction. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2022, and then shrank sharply 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 France ($X per ton), while Latvia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform