Asia-Pacific: Titanium Market 2024

Titanium Market Size in Asia-Pacific

The Asia-Pacific titanium market expanded significantly to $X in 2022, increasing by X% against the previous year. The total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Titanium Production in Asia-Pacific

In value terms, titanium production rose remarkably to $X in 2022 estimated in export price. The total production indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Titanium Exports

Exports in Asia-Pacific

In 2022, approx. X tons of titanium sponge, powders, ingots and slabs were exported in Asia-Pacific; jumping by X% on the previous year. In general, exports, however, continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of 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 perceptible decline. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Japan dominates exports structure, reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by China (X tons), creating a X% share of total exports. The following exporters - Vietnam (X tons) and Malaysia (X tons) - each amounted to a X% share of total exports.

Exports from Japan 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 exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, China (X%) and Malaysia (X%) illustrated a downward trend over the same period. Japan (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while China and Malaysia saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Japan ($X) remains the largest titanium supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

In Japan, titanium exports decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Vietnam ($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 a decline in the export price figures.

Titanium Imports

Imports in Asia-Pacific

In 2022, imports of titanium sponge, powders, ingots and slabs in Asia-Pacific declined modestly to X tons, remaining relatively unchanged against the year before. Over the period under review, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, titanium imports shrank slightly to $X in 2022. Overall, imports saw a slight setback. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China represented the major importing country with an import of around X tons, which reached X% of total imports. It was distantly followed by South Korea (X tons), mixing up a X% share of total imports. The following importers - Taiwan (Chinese) (X tons) and India (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest titanium importing markets in Asia-Pacific were China ($X), South Korea ($X) and Taiwan (Chinese) ($X), together accounting for X% of total imports.

In terms of the main importing countries, China, with a CAGR of X%, saw 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

The import price in Asia-Pacific stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price, however, enjoyed a notable increase. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2021, and then fell in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Taiwan (Chinese) ($X per ton) and India ($X per ton), while South Korea ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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