ASEAN: Market for Titanium Ores and Concentrates 2024

Market Size for Titanium Ores and Concentrates in ASEAN

The ASEAN titanium ore and concentrate market rose significantly to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, recorded a deep reduction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Titanium Ores and Concentrates in ASEAN

In value terms, titanium ore and concentrate production rose to $X in 2022 estimated in export price. In general, production recorded a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Titanium Ores and Concentrates

Exports in ASEAN

In 2022, shipments abroad of titanium ores and concentrates decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, titanium ore and concentrate exports contracted to $X in 2022. Overall, exports recorded a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of X%. 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

Indonesia (X tons) and Malaysia (X tons) prevails in exports structure, together comprising X% of total exports. Thailand (X tons) took the next position in the ranking, followed by Vietnam (X tons). All these countries together took approx. X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Indonesia (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest titanium ore and concentrate supplying countries in ASEAN were Malaysia ($X), Indonesia ($X) and Vietnam ($X), with a combined X% share of total exports.

Among the main exporting countries, Indonesia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, surging by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Imports of Titanium Ores and Concentrates

Imports in ASEAN

Titanium ore and concentrate imports skyrocketed to X tons in 2022, picking up by X% compared with the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, titanium ore and concentrate imports soared to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia dominates imports structure, accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Thailand (X tons), mixing up a X% share of total imports. Indonesia (X tons) and Vietnam (X tons) took a little share of total imports.

Imports into Malaysia increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Indonesia (X%) and Thailand (X%) illustrated a downward trend over the same period. Malaysia (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total imports, while Indonesia and Thailand saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Malaysia ($X) constitutes the largest market for imported titanium ores and concentrates in ASEAN, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

In Malaysia, titanium ore and concentrate imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Indonesia (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, jumping by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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