GCC: Market for Titanium Ores and Concentrates 2024

Market Size for Titanium Ores and Concentrates in GCC

The GCC titanium ore and concentrate market dropped markedly to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption recorded a mild decline. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Production of Titanium Ores and Concentrates in GCC

In value terms, titanium ore and concentrate production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Titanium Ores and Concentrates

Exports in GCC

In 2022, exports of titanium ores and concentrates in GCC shrank sharply to X tons, which is down by X% against the year before. Over the period under review, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, titanium ore and concentrate exports shrank dramatically to $X in 2022. Overall, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates represented the largest exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by Saudi Arabia (X tons), making up a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of X%).

In value terms, Saudi Arabia ($X) emerged as the largest titanium ore and concentrate supplier in GCC, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

In Saudi Arabia, titanium ore and concentrate exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price saw a resilient expansion. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 Saudi Arabia ($X per ton), while the United Arab Emirates amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%).

Imports of Titanium Ores and Concentrates

Imports in GCC

In 2022, the amount of titanium ores and concentrates imported in GCC shrank notably to X tons, dropping by X% on 2021 figures. Overall, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, titanium ore and concentrate imports shrank significantly to $X in 2022. In general, imports saw a pronounced descent. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Saudi Arabia prevails in imports structure, reaching X tons, which was approx. X% of total imports in 2022. The United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to titanium ore and concentrate imports into Saudi Arabia stood at X%. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. While the share of the United Arab Emirates (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Saudi Arabia (X p.p.) displayed negative dynamics.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported titanium ores and concentrates in GCC, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports.

In Saudi Arabia, titanium ore and concentrate imports contracted by an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, increasing by X% against the previous year. Import price indicated measured growth from 2012 to 2022: its price 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, titanium ore and concentrate import price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 an increase of X%. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%).

Source: IndexBox Platform

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