Europe: Market for Titanium Ores and Concentrates 2024

Market Size for Titanium Ores and Concentrates in Europe

In 2022, after three years of decline, there was significant growth in the Europe titanium ore and concentrate market, when its value increased by X% to $X. In general, consumption, however, showed a perceptible decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Titanium Ores and Concentrates in Europe

In value terms, titanium ore and concentrate production stood at $X in 2022 estimated in export price. Over the period under review, production showed a abrupt downturn. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Titanium Ores and Concentrates

Exports in Europe

In 2022, after three years of growth, there was significant decline in shipments abroad of titanium ores and concentrates, when their volume decreased by X% to X tons. Total exports indicated measured growth from 2012 to 2022: its volume 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. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then dropped dramatically in the following year.

In value terms, titanium ore and concentrate exports rose remarkably to $X in 2022. Overall, exports, however, showed perceptible growth. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

In 2022, Norway (X tons) was the major exporter of titanium ores and concentrates, generating X% of total exports. Ukraine (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Belgium (X%) and the Netherlands (X%). Germany (X tons) followed a long way behind the leaders.

Exports from Norway increased at an average annual rate of X% from 2012 to 2022. At the same time, Germany (X%), the Netherlands (X%) and Ukraine (X%) displayed positive paces of growth. Moreover, Germany emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. Belgium experienced a relatively flat trend pattern. From 2012 to 2022, the share of Norway and the Netherlands increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) remains the largest titanium ore and concentrate supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with a X% share of total exports. It was followed by Ukraine, with a X% share.

In Norway, titanium ore and concentrate exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (X% per year) and Ukraine (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

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

Imports of Titanium Ores and Concentrates

Imports in Europe

Titanium ore and concentrate imports declined modestly to X tons in 2022, waning by X% on 2021. In general, imports saw a slight shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, titanium ore and concentrate imports skyrocketed to $X in 2022. Overall, imports recorded a mild decrease. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons), distantly followed by Belgium (X tons), Norway (X tons), the Netherlands (X tons), the UK (X tons), the Czech Republic (X tons) and Spain (X tons) were the key importers of titanium ores and concentrates, together committing X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest titanium ore and concentrate importing markets in Europe were Belgium ($X), Germany ($X) and the Netherlands ($X), together accounting for X% of total imports. The UK, Norway, the Czech Republic and Spain lagged somewhat behind, together accounting for a further X%.

Norway, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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

The import price in Europe stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while Norway ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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